Process Flow of Sale - Credit Card Facility

Information Systems

" 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

CA Inter

★ 4K+

19-Nov-20 20:49

622

Answers (1)

At POS where PIN is required, PIN is authenticated.

CA Suraj Lakhotia

Admin

20-Nov-20 08:28