The document outlines the process of card transactions, including mobile commerce and eCommerce transactions, from the point of sale to authorization and settlement. It details the steps involved in capturing card information, transmitting it to the merchant acquirer, and obtaining authorization from the card issuing bank. The clearing and settlement process is also described, highlighting the transfer of funds and posting of transactions to account statements.
doj/DataSet10/EFTA01382672.pdf
{"document_type":"tabular","document_subtype":"financial process description","key_organizations":["Visa","MasterCard","STAR","PayPal","Apple Pay"],"reference_numbers":["DB-SDNY-0082124","SDNY_GM_00228308","EFTA01382672"]}