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The simple residual revenue sharing mechanism envisioned a simple splitting of a merchant fee charged for transaction processing, among several parties involved in the process. These parties included the association (Visa, MasterCard), transaction processors, and, possibly, merchant services providers. Recent developments, witnessed in the merchant services industry, call for introduction of new, more advanced remittance […]

Date posted: January 14, 2016 | Author: | Comments Off on Split Funding and Adaptive Payments

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