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How is National Merchant Bancard allowed to process credit cards?

April 26, 2017allowed bancard credit cards merchant National process

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How is National Merchant Bancard allowed to process credit cards?

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Through National Merchant Bancard, a registered service provider for clearing and settlement institutions that sponsor National Merchant Bancard to enter MasterCard and Visa transactions into the interchange system. The settlement banks are our clearing banks and are members of MasterCard and Visa associations; therefore, both card associations are obligated to guarantee the settlement of merchant funds.