Basic HTML version of Foils prepared July 6 99

Foil 34 Traditional Credit Card Transaction (3)

From Security Infrastructure fo Electronic Commerce and Internet CPS714 Computational Science Information Track -- June 2 and June 7 99. by Roman Markowski
1 in the real world:
  • the card owner comes to a supermarket, gives his credit card and signs a receipt in the presence of a merchant
  • the card reader calls the bank twice: once for the individual authorization and then again at the end of the day for settlement and accounting.
2 Card Holder
3 (owner of the card)
4 Card Processing
5 Network
6 (verifone reader
7 in supermarket)
8 Issuing bank
9 (represents a client)
10 Acquiring bank
11 (represents a merchent)
in Table To:

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