Credit Card Processing
Payment process
Transaction request
Overview
Transaction request
1
Merchant submits purchase details over secure connection to Powertranz gateway.
Transaction request
2
Powertranz formats data and sends to the appropriate processor.
Transaction request
3
Acquiring bank processor submits authorisation request to credit card network (like Visa or MasterCard). The credit card network then routes to the issuer (the bank that issued the credit card to the customer).
Transaction response
4
Issuing bank responds with an approval (and auth code) or decline.
Transaction response
5
The processor responds to Powertranz with the response.
Transaction response
6
Powertranz updates its systems and returns the message to the merchant.
Transaction response
7
The merchant provides a real-time response to the cardholder.
Transaction clearing
8
Powertranz submits the daily settlement file to the processor.
Transaction clearing
9
The processor clears the file through Interchange.
Transaction clearing
10
The cardholder is debited for the purchase and the merchant’s bank account is credited.
