Agency banking is popular in emerging countries with a limited bank branch infrastructure. Upon successful application, vetting and approval, these agents are authorized to offer selected products and services on behalf of the Bank. Agency banking - A model whereby a commercial bank contracts third party retail networks as banking agents.Adjustment of sensors - See Calibration of sensors.The contract with the acquirer enables merchants to process credit and debit card transactions. Acquiring Bank (acquirer) - The acquiring bank is the financial institution that maintains the merchant’s bank account.
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