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Ecommerce Implementation  «Prev 

Cardholder Merchant Transaction

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1)Cardholder indicates to merchant a willingness to make a credit card procedure.

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2) Merchant sends the buyer an invoice, his certificate, and the certificate of his bank (i.e. the issuer).
These are encrypted and with CA's private key.

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3) Cardholder uses CA's public key to decrypt the information.

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4) Cardholder generates order information and sends to merchant (encrypted with the merchant's public key)

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5) Merchant generates authorization request and sends it to his acquirer (encrypted with the banks public key)

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6) Merchant's bank sends a request for payment authorization from the issuer through the acquire ro traditional bank card channels.

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7) The acquirer sends a settlement response to the merchant's bank after receiving a response from the issuer (cardholder's bank)

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8) Once the cardholder's bank authorizes payment, the merchant's bank sends a response to the merchant (encrypted using the merchant's public key) This response includes the transaction identifier. This completes the transaction