EFTA Document EFTA01382673

S- I/A Table of Contents 11. The merchant acquirer. or the merchant acquirer's processor. receives the batch, notes the final amounts due for settlement and mutes the batch of approved authorizations to each applicable payment network: 12. Each payment network sends the batch of approval authorizations to the applicable card issuing bank, or its issuer processor, which posts the transaction to the consumer's statement; 13. Typically within 48 hours, the payment network calculates net set