Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

Settlement Services

Settlement services are used in interbank operations for the balance settlement of an operation between two entities. The sending and receiving parties mostly use different banks and a final bank with settlement services is required for clearing.

When an electronic payment transaction is processed, three main parties are involved; the cardholder’s bank, a settlement bank, and a payment processor. The cardholder’s bank starts the transaction via a payment processor and a settlement bank facilitates the communication between different banks by providing settlement services.

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European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB