Warning:
This wiki has been archived and is now read-only.

View source for Acceptor to Acquirer Card Transactions

← Acceptor to Acquirer Card Transactions

Jump to: navigation, search

You do not have permission to edit this page, for the following reason:

The action you have requested is limited to users in one of the groups: Users, 106, 73816-chairs.

You can view and copy the source of this page.

= Card Payment Exchanges - Acceptor to Acquirer = 


== Business Process Diagram ==
This diagram shows the high level Business Process covered by card payment business.

[[File:Caaa1.png|This diagram shows the high level Business Process covered by card payment business.]]

=== Card payment process: ===
* Definition: The process of performing a payment of good or services with a card. The process starts with the acceptance of the payment card, involves the authorization of the payment transaction, and the transfer of financial information (capture) from the acceptor to the acquirer. In some error situations, it is necessary to reverse the authorization.
* Trigger: The acceptance of the card presented by the customer to the merchant for the payment of goods or services.
* Pre-conditions: Presentation of the card by the acceptor for payment.
* Post-conditions: If the payment is successful, the acquirer is in the position of initiating the procedure to credit the merchant account and debit the customer account.
* Role: Cardholder, Acceptor and Acquirer.



== Business Process Flows ==

The process flows hereafter describe a possible high level sequence of the Business Process defined above.

[[File:Caaa2.png|Process flows hereafter describe a possible high level sequence of the Business Process defined above.]]

Generic Card Payment Process

[[File:Caaa3.png|Generic Card Payment Process]]

=== Descriptions of the Business Activities ===

{| class="wikitable"
|-
| colspan="2" style="border-bottom: 3px solid grey;" valign="top" | Descriptions of the Business Activities
|-
!
! Initiator
|-
| Payment Card Presentation: The cardholder presents a payment card to the merchant for the payment of goods and/or services.
| Cardholder
|-
| Card Acceptance: The card acceptor verifies that the payment of the goods and/or services may be performed by the presented card.
| Acceptor
|-
| Cardholder Authentication: The card acceptor verifies that the cardholder is allowed to use the card for the payment.
| Acceptor
|-
| Acceptor Payment Processing: The payment service is performed by the card acceptor according to the rules of the acquirers and schemes.
| Acceptor
|-
| Authorisation: If the authorisation must be performed online, the acquirer approves or declines the card payment transaction.
| Acceptor
|-
| Reversal: The acquirer reverses the authorisation at the request of the card acceptor when :
* the acceptor received no acceptable response, or
* the approved payment transaction did not complete successfully at the acceptor.
| Acceptor
|-
| Payment Failure: The payment transaction did not succeed when:
* The online authorization cannot be processed by the acquirer, or
* The authorization of the payment transaction is declined, or
* The payment does not complete (e.g. the cardholder has cancelled the payment or the chip card declines the transaction after the authorization).
| Acceptor
|-
| Payment Completion: The card acceptor finalizes the approved transaction after the authorization.
| Acceptor
|-
| Payment Capture: The transfer of the financial information from the acceptor to the acquirer.
| Acceptor
|-
| Acquirer Payment Processing: The payment transaction is successfully completed by the card acceptor. The fund transfer may be initiated by the payment acquirer.
| Acquirer
|}

Return to Acceptor to Acquirer Card Transactions.

Retrieved from "https://www.w3.org/WebCommerce/IG/wiki/Acceptor_to_Acquirer_Card_Transactions"

View source for Acceptor to Acquirer Card Transactions

Navigation menu

Personal tools

Namespaces

Variants

Views

More

Navigation

Tools