Ch1: Introduction to OTCnet

Step 1 - Authorization (Real Time)Worldpay sends the transaction data to the card issuer through the card networks (e.g., Visa, Discover, Amex and Mastercard). The card issuer determines whether funding is available and returns authorization through the card networks to Worldpay.Step 2 - ClearingFunds in the daily transaction batch are cleared ... ................
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