When you want to apply a small tweak to the document, it should not require much time to Classify payment settlement. This type of basic action does not have to require extra training or running through guides to understand it. With the appropriate document editing resource, you will not spend more time than is needed for such a quick change. Use DocHub to streamline your editing process whether you are an experienced user or if it is your first time using a web-based editor service. This tool will take minutes or so to learn how to Classify payment settlement. The only thing needed to get more productive with editing is actually a DocHub profile.
A plain document editor like DocHub will help you optimize the amount of time you need to devote to document editing irrespective of your prior knowledge of this kind of resources. Make an account now and increase your productivity immediately with DocHub!
[Music] heres a look behind the scenes of how electronic payments work in the world of e-commerce it can seem complicated but well take care of everything for you still so you know heres how it works [Music] there are three stages called one authorization two clearing three settlement authorization is the first step and starts after the cardholder makes a transaction and successfully authenticates themselves using two-factor authentication if your business is using emv 3d secure this adds in additional criteria to confirm the identity of the cardholder a digital message is transmitted and checked at each stage from the merchant to the acquirer then onto the card scheme and finally sent to the issuing bank which checks the funds in the card holders account once funds are available a message is sent back to the merchant that the payment is approved clearing is all the activities that happen behind the scenes and is the time period from when the acquirer sends a message to the card sc