welcome to high risk gateways n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
credit card processing PowerPoint Presentation
Download Presentation
credit card processing

Loading in 2 Seconds...

play fullscreen
1 / 7

credit card processing - PowerPoint PPT Presentation


  • 5 Views
  • Uploaded on

Credit card processing is defined as using a digital system to make money transfer from customer’s account (issuing bank) to merchant’s account (acquiring bank). Acquiring bank is a bank which accepts transactions through credit card or debit card and also responsible for merchant account to merchant.\n

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'credit card processing ' - Highriskgateways


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
welcome to high risk gateways

Welcome to

High Risk Gateways

Contact No. 011-39595940

credit card processing

CREDIT CARD PROCESSING

Credit card processing is defined as using a digital system to make money transfer from customer’s account (issuing bank) to merchant’s account (acquiring bank). Acquiring bank is a bank which accepts transactions through credit card or debit card and also responsible for merchant account to merchant.

how credit card processing works

How credit card processing works?

Step1: A customer goes for a shopping on a store. He presents his credit card there on a store.

Step2: A credit card is swiped or inserted into the store’s terminal.

step3 then transaction information is sent

Step3: Then transaction information is sent to the payment processor used by the merchant’s acquiring bank.

  • Step4: A payment processor passes this transaction information to a credit card’s association (Visa, American Express) who contains credit card’s information.
step5 then credit card s association will match

Step5: Then credit card’s association will match this credit card information (credit card number) with its own record. If it is matched then this transaction will be approved otherwise it is declined. This feedback is sent back to the payment processor.

  • Step6: Then this feedback is given back to the payment gateway by payment processor and later on it is sent to the store’s terminal (credit card’s reader). Then money transactions will be made from customer to merchant’s account after all this authorization’s process.
1 transaction reliability and speed speed

1.Transaction reliability and speed:Speed increases, make transactions valid, reliable and improves performance of transaction.2.Interest rate structure:Improves interest rate structure inwhich business isplaced.3.The availability of knowledgeable support.

Credit Cards processing service’s quality can make a big impact in three key areas: