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Merchant & POS
For a transaction to go through clearing, the card-issuing bank and the merchant bank must be different. If they are the same, the transaction is not subject to clearing and is processed directly by the bank.
Clearing
The clearing system settles a transaction between two participants when a card from one bank is used at another bank's POS or ATM. Learn about the incoming and outgoing files used in interbank clearing.
Credit Card
The Chargeback Document Management System (CDYS) is a system developed by BKM to resolve customer disputes over card payment transactions among BKM members, covering Copy Request, Chargeback, Representment, and related processes.