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For Employers

Apprentice Trainee

Teamspace Financial Services Private Limited

0 - 1 years

1 - 2 Lacs

ambattur industrial estate chennai

Posted:1 day ago| Platform: Apna logo

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Skills Required

configuration payments processing transactions risk checks flow onboarding authorization timing

Work Mode

On-site

Job Type

Full Time

Job Description

Designation : Appreciation Trainee Looking for graduate freshers 6 Months internship with Government certificate Card Operations - Merchant Acquiring Profile In card operations, a Merchant Acquiring profile refers to the setup and configuration of a merchant (business) to accept card payments (credit/debit) through payment processors or acquiring banks. Key components of a Merchant Acquiring profile: - Merchant ID (MID): Unique identifier for the merchant - Terminal ID (TID): ID for payment terminal/device - Acquirer: Bank or institution processing transactions - Payment schemes (Visa, Mastercard, UPI, etc.) - Risk parameters (floor limits, velocity checks) - Settlement details (bank account for settlement) - Fee structure (interchange, scheme fees, acquirer markup) Typical flow: 1. Merchant onboarding → Acquirer sets up MID & TID 2. Transaction processing → Terminal → Acquirer → Scheme → Issuer 3. Authorization → Risk checks (velocity, floor limit) 4. Settlement → Funds settled to merchant account Salary Budget - 18500 2nd , 4th Saturdays off along with Sundays. General shift timing Location :Ambattur, Ambattur industrial estate.

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