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Credit Card Transaction Process

Credit Card Transaction Process

CardholderDepartmentDepartmentDepartmentDepartmentDepartmentMake a CC PurchaseForward DetailsAuthorize PaymentsProtect CC DetailsVerify CC DetailsView Transaction Type & AmountAuthorizes the available Funds in the CC Holders a/cApproved?Send ResponseForward Response CodeReceives & Forwards ResponseInterpret the Relevant ResponseResponseApproved Response?Store in a BatchDeposits all Funds to Merchant's nominated a/cYes/NoYesNoCredit Card Transaction Process
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publish time: 2020-12-01
Viro

This Flowchart explains a credit card transaction process with swim lanes which help easily figure out the different actors/parties responsible for each step involved.

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