Consumer
places an order with the merchant through any number of sales
channels: Web Site, Call Center, Retail, Wireless or Broadband.
The
Payment Gateway detects an order
has been placed, securely encrypts and forwards the Authorization
Request to the Consumer's Credit Card Issuer to verify the consumer's
credit card account and funds availability.
The
Authorization (or Decline) Response is returned via the Payment
Gateway to the Merchant. Round trip this process averages less
than 3 seconds.
Upon
approval, the Merchant fulfills the consumer's order.
The
Payment Gateway sends the settlement request to the Merchant
Account Provider.
The Merchant Account Provider deposits transaction funds into
the Merchant's Checking Account.
