Helpful Brief: Acquiring Banks and Issuing Banks are involved in every purchase, refund and chargeback.
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- Acquiring Banks and Issuing Banks are involved in every purchase, refund and chargeback.
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![2 - Payment Life Cycle [Part 1: Payment Initiation and Payment Processing]](https://i.ytimg.com/vi/EcNgTrm5Vig/mqdefault.jpg)
