For beginners - 2011 01 - PAYMENT SYSTEM – BASIC SCHEMES

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Branko Banik

Basic schemes of card transactions flow.

Économie & finance Business

PAYMENT SYSTEM – BASIC SCHEMES
January 2011
Branko Banik

Card payment scheme – interchange fee

Bank pays to
merchant
97$

Merchant ´s
settlement
Bank

Bank
receives
98.40$

Card issuer
(Bank)

Cardholder
pays 100$

Issuer pays
99$
Payment system
(MC, Visa, Amex, …, 3-rd.
Parties)

Merchant

Customer
pays by card

Cardholder

Transmission transactions
Clearing transactions

Payment system v 1

Bank always holds acq. licenses and certified
payment SW solution (for EFT, ATM, …)
Bank –
issuer/
acquier

Clearing Files –
incoming/outgoing
Not-on-us txn auth.

Card schemes

Auth. process. centre
In-house

TMS* Service providing
In-house
- EFT SW support
- 1-st lev. Sup.
- 2-nd lev. Sup. (on-field
interv.)
- monitoring
- de-/install.
- staff training
- ….

Merchant 1
EFTs

Merchant 2
EFTs

Merchant X
EFTs

* TMS – terminal management system

Payment system v 2

Into certification processes are involved: Card schemes +
Acquier + Auth.processor + EFT (ATM) SW developer

Clearing Files –
incoming/outgoing

Not-on-us txn auth.

Bank –
issuer/acquier
Auth. process.
centre
In-house

Txn. routing

May be SW
developer

Card schemes

May be SW
developer
Merchant 1
EFTs

TMS Service provider

Merchant 2

- EFT SW support
- 1-st lev. Sup.
- 2-nd lev. Sup. (on-field
interv.)
- monitoring
- de-/install.
- staff training
- ….

EFTs

Merchant X
EFTs

Payment system v 3

Clearing Files –
incoming/outgoing

Bank –
issuer/acquier

Card schemes
May be SW
developer
Merchant 1

On-us txn auth.

Auth. process. Center
& TMS SP
- EFT SW support
- 1-st lev. Sup.
- 2-nd lev. Sup. (on-field
interv.)
- monitoring
- de-/install.
- staff training

EFTs

Merchant 2
EFTs

Merchant X
EFTs

Payment system v 4

Clearing Files –
incoming/outgoing

Bank –
issuer/acquier

On-us txn auth.

Card schemes

May be SW
developer
May be SW
developer

Merchant 1
EFTs

Auth. process.
Center

Txn. routing

TMS Service provider
- EFT SW support
- 1-st lev. Sup.
- 2-nd lev. Sup. (on-field
interv.)
- monitoring
- de-/install.
- staff training

Merchant 2
EFTs

Merchant X
EFTs

Payment system v 4
EFT SW developer (3-rd. party)

Clearing Files –
incoming/outgoing

Bank –
issuer/acquier

Card schemes

On-us txn auth.

Merchant 1
EFTs

Auth. process.
Center

Txn. routing

TMS Service provider
- EFT SW support
- 1-st lev. Sup.
- 2-nd lev. Sup. (on-field
interv.)
- monitoring
- de-/install.
- staff training

Merchant 2
EFTs

Merchant X
EFTs

Payment system
Thank for your attention!

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For beginners - 2011 01 - PAYMENT SYSTEM – BASIC SCHEMES

1. PAYMENT SYSTEM – BASIC SCHEMES January 2011 Branko Banik

2. Card payment scheme – interchange fee Bank pays to merchant 97$ Merchant ´s settlement Bank Bank receives 98.40$ Card issuer (Bank) Cardholder pays 100$ Issuer pays 99$ Payment system (MC, Visa, Amex, …, 3-rd. Parties) Merchant Customer pays by card Cardholder Transmission transactions Clearing transactions

3. Payment system v 1 Bank always holds acq. licenses and certified payment SW solution (for EFT, ATM, …) Bank – issuer/ acquier Clearing Files – incoming/outgoing Not-on-us txn auth. Card schemes Auth. process. centre In-house TMS* Service providing In-house - EFT SW support - 1-st lev. Sup. - 2-nd lev. Sup. (on-field interv.) - monitoring - de-/install. - staff training - …. Merchant 1 EFTs Merchant 2 EFTs Merchant X EFTs * TMS – terminal management system

4. Payment system v 2 Into certification processes are involved: Card schemes + Acquier + Auth.processor + EFT (ATM) SW developer Clearing Files – incoming/outgoing Not-on-us txn auth. Bank – issuer/acquier Auth. process. centre In-house Txn. routing May be SW developer Card schemes May be SW developer Merchant 1 EFTs TMS Service provider Merchant 2 - EFT SW support - 1-st lev. Sup. - 2-nd lev. Sup. (on-field interv.) - monitoring - de-/install. - staff training - …. EFTs Merchant X EFTs

5. Payment system v 3 Clearing Files – incoming/outgoing Bank – issuer/acquier Card schemes May be SW developer Merchant 1 On-us txn auth. Auth. process. Center & TMS SP - EFT SW support - 1-st lev. Sup. - 2-nd lev. Sup. (on-field interv.) - monitoring - de-/install. - staff training EFTs Merchant 2 EFTs Merchant X EFTs

6. Payment system v 4 Clearing Files – incoming/outgoing Bank – issuer/acquier On-us txn auth. Card schemes May be SW developer May be SW developer Merchant 1 EFTs Auth. process. Center Txn. routing TMS Service provider - EFT SW support - 1-st lev. Sup. - 2-nd lev. Sup. (on-field interv.) - monitoring - de-/install. - staff training Merchant 2 EFTs Merchant X EFTs

7. Payment system v 4 EFT SW developer (3-rd. party) Clearing Files – incoming/outgoing Bank – issuer/acquier Card schemes On-us txn auth. Merchant 1 EFTs Auth. process. Center Txn. routing TMS Service provider - EFT SW support - 1-st lev. Sup. - 2-nd lev. Sup. (on-field interv.) - monitoring - de-/install. - staff training Merchant 2 EFTs Merchant X EFTs

8. Payment system Thank for your attention!

For beginners - 2011 01 - PAYMENT SYSTEM – BASIC SCHEMES

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