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Payment Processing Credit/Debit Cards (Authorization, Clearing and Settlement Basics)

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What is the Procure-to-Pay (P2P) process | The Procurement Life
![2 - Payment Life Cycle [Part 1: Payment Initiation and Payment Processing]](https://i.ytimg.com/vi/EcNgTrm5Vig/mqdefault.jpg)
2 - Payment Life Cycle [Part 1: Payment Initiation and Payment Processing]
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Last Updated: August 23, 2026
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