Credit Card Transaction Flow

Credit Card Transaction Flow

1
. Merchant Acquiring
Terminal Bank

Cardholder Merchant

 Cardholder presents
valid card to Merchant

Card Issuing Bank

 Credit Card Transaction Flow
2
. Merchant Acquiring
Terminal Bank

Cardholder Merchant

 Merchant swipes card in EDC Terminal

 Card information transmitted to ICICI Bank

Card Issuing Bank

 Credit Card Transaction Flow
3
. Merchant Acquiring
Terminal Bank

Cardholder Merchant

 ICICI Bank transmits card

information to Card Issuing
Bank via Visa / MasterCard
Card Issuing Bank
 Credit Card Transaction Flow
4
. Merchant Acquiring
Terminal Bank

Cardholder Merchant

 Card Issuing Bank checks the card and reverts with an

authorisation code to ICICI Bank
 ICICI Bank sends response to the Merchant

Card Issuing Bank

 Credit Card Transaction Flow
5
. Merchant Acquiring
Terminal Bank

Cardholder Merchant


Terminal generates two charge slips

Customer signs and returns merchant copy of chargeslip

Customer retains the second copy

Card Issuing Bank

 Credit Card Transaction Flow
6
. Merchant Acquiring
Terminal Bank

Cardholder Merchant
End of Day
Merchant takes an audit report of transactions

Merchant settles transactions with ICICI Bank

Merchant’s ICICI bank account is credited the next working day


Card Issuing Bank