IndigoLearn

Process Flow of Sale - Credit Card Facility

" customer will swipe the credit card for the purchase made by him or her on the POS machine the point of sale machine will process the transaction only once the same is authenticated. the point of sale will send the authentication request to the merchants Bank" Here authentication means PIN/OTP?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

19-Nov-20 20:49

9

Answers (1)

At POS where PIN is required, PIN is authenticated.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Nov-20 08:28