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Old 07-16-2009, 12:21 PM
hvgopal hvgopal is offline
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Join Date: Jul 2009
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Default processors
Front-End Processors have connections to various Card Associations and supply authorization and settlement services to the merchant Banks’ Merchants. Back-End Processors accept settlements from Front-End Processors and, via The Federal Reserve Bank (FED), move the money from the issuing bank to the merchant bank.

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