The following illustrations show the life cycle for Visa® card transactions, for both card-present and card-not-present purchases, Processing events and activities may vary slightly for any one merchant, merchant bank, or Issuer, depending on card and transaction types, and the card processing system used.
Visa® Authorization Process:
- Cardholder presents a Visa® card to pay for purchases. For card-not-present transactions, the cardholder provides the merchant with the account number, expiration date, billing address and CVV2.
- Merchant swipes the card, enters the dollar amount, and transmits an authorization request to the merchant bank. For card-not-present transaction, the account number and other information may be digitally or key-entered.
- Merchant Bank electronically send the authorization request to Visa®Net.
- Visa®Net passes on the request to the issuer.
- Issuer approves or declines the transaction.
- Visa®Net forwards the issuer's authorization response to the merchant bank
- Merchant Bank forwards the response to the merchant.
- Merchant receives the authorization response and completes the transaction accordingly.
|
