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Time or Other Indulgences Granted by Payee or Holder, Bind Themselves as Principals and Not as  Form

Time or Other Indulgences Granted by Payee or Holder, Bind Themselves as Principals and Not as Form

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Instructions and help about Time Or Other Indulgences Granted By Payee Or Holder, Bind Themselves As Principals And Not As

hi this is a mesh in my previous sessions we have seen how our transaction is processed between a merchant and a quarrel basically there are two legs one is authorization and the other one is reconciliation so the similar way now we will see how the transaction is processed between an acquiring bank payment system and an issuing bank so let's try to understand how the card and payment transaction is processed between these three entities as for payment scheme guidelines there are two different methods of processing a card and payment transaction one is dual message system DMS and the other one is single message system SMS normally credit or prepaid card can be processed in dual message system and the other way around debit or prepaid card can also be processed in single message system so it all depends on scheme to scheme how they support different type of cars credit debit or prepaid in today's session we will only discuss about dual message system as the name itself i

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