DebitSettlement
DebitSettlement is the process by which funds related to debit transactions are transferred between banks to complete a payment. It typically involves the issuer bank, the acquirer bank, payment processors, and the card networks or payment rails that carry transaction data.
In a card-based debit, the sequence begins with authorization, confirming sufficient funds. The merchant then submits
Settlement timing and mechanisms vary by system. Some networks provide real-time gross settlement, while others use
DebitSettlement thus covers the operational, technical, and financial aspects that convert payment authorizations into final debits