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
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.
Card Holder
(owner of the card)
Card Processing
Network
(verifone reader
in supermarket)
Issuing bank
(represents a client)
Acquiring bank
(represents a merchent)

© Northeast Parallel Architectures Center, Syracuse University, npac@npac.syr.edu

If you have any comments about this server, send e-mail to webmaster@npac.syr.edu.

Page produced by wwwfoil on Tue Jul 6 1999