Project Transaction Clearing System

of 13
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Enterprise systems
  Group - 2 Transaction Clearing System and Market Analysis Aditya Sood Harsh Bhardwaj Kriti Arora Lokesh Raisinghani Shantanu Shiwangi Vishwesh Prabhu Dessai Section - A  TRANSACTION CLEARING SYSTEM Process of settling of payments between card issuing bank and the bank of merchants 32.90% 19.40% 47.70% VisaMastercardOthers Types Closed Loop Payment Network Open Loop Payment Network Market share in card payments  Issue cards themselves and facilitate the settlement  Do not issue cards, only facilitate settlement of transaction ã Visa and MasterCard belong to the Open Loop Payment Network Visa and MasterCard Payment Values  TRANSACTION CLEARING PROCESS 1 ã Cardholder presents the card to the merchant for payment 2 ã Payment request is forwarded to the acquirer 3 ã Acquirer contacts the issuer through the VISA network 4 ã Issuer shares information about balance in cardholders network 5 ã The information is routed to the merchant 6 ã In case of sufficient balance the payment is accepted 7 ã At the end of month cardholder pays the bills to the issuer ã One who uses the card to make payment Cardholder ã Entity to whom the payment is made Merchant ã Bank in which the customer has an account and which has issued the card to the cardholder Issuer ãThe merchant’s bank   Acquirer Sequential Steps  BUSINESS MODEL Business Model - Financial Institutions (Issuers and Acquirers) - Cardholders - Merchants - Personnel - Network and Communications - Brand Promotion - Legal Provisions - Creates value for all stakeholders - Cardholders get convenience, security and loyalty rewards - Merchants benefit from improved sales by offering payment method options - Banks get new revenue streams like card fees, late payment interest - Multiple revenue streams - Service revenues from bank for their participation in card programs - Data processing revenues for transaction processing - International revenue when cardholder issuer country is different from the merchant’s country.  
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks