Credit Card Processing System - TianPan.co

Authorization: The cardholder provides the card / card info to the merchant, who processes it and sends (card number, amount, merchant ID) to the acquirer. The acquirer contacts the issuer via the electronic payments networks. The issuer checks against the credit line and fraud-prevention system, and then authorize or decline the transaction.


This is a companion discussion topic for the original entry at https://tianpan.co/notes/236-credit-card-processing-system