Difference between revisions of "Alternative Card Network (ACN)"
(An alternative card network carries payment messaging (or payment instructions) across a communications network (for example, an IP-based network) for authorization, clearing and settlement processes) |
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Revision as of 22:27, 28 November 2018
An alternative card network carries payment messaging (or payment instructions) across a communications network (for example, an IP-based network) for authorization, clearing and settlement processes, and has its own scheme (arrangements among participating entities, such as issuers, acquirers, processors and operators of the payment system network).[1]