Authorization, Clearing, and Settlement
Learn about the transaction process. This ten minute online course details what happens during each transaction phase, the players involved and the processing methods used. You will learn about the three transaction processes as well as dual-message and single-message processing. This course is included in the Acquirer Business Fundamentals bundled course.
1 course, 10 minutes total, 6 month unlimited access after purchase
- Authorization, Clearing and Settlement defines the three transaction processes.
- Transaction Processing Types explains dual-message and single-message processing.
- Transaction Processing walks through the process flows for Authorization, Clearing and Settlement.
Who Should View
Issuers, issuer/acquirers, acquirers who are new or relatively new to the payment card business.