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MEAMI Model and PayFac Model: Understanding How They Work - NTT Data Payment Services India

MEAMI Model and PayFac Model: Understanding How They Work

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Working of MEAMI Model

1. Customer Initiates Payment 2. Authorisation Request 3. Authorisation Response 4. Settlement 5. Clearing and Funding

Working of PayFac model

1. Merchant Onboarding 2. Aggregation 3. Risk Management 4. Settlement 5. Reporting and Analytics

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