1. Customer places
order
A customer enters an order
on a merchant's website. The transaction information is instantly encrypted and
transmitted to the secure server, which is linked via a dedicated, leased
data line to the credit card authorization network. A dedicated data line means
faster transaction times.
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2. e-Commerce verifies
with bank
The transaction information
is sent by the secure server via leased data line to the credit card
authorization network where the validity of the card is checked and the availability
of funds on that account is verified. An authorization code is returned via leased
data line to the secure server. The authorization is encrypted by the
server and transmitted in encrypted form back to the web server of the
merchant which in turn triggers the fulfillment process of the order.
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3. Receipt is issued
and merchant gets money
An e-mail receipt is sent to
the customer and the merchant (either or both can be disabled at merchant's option).
Within 48 - 72 hours the merchant receives the money!
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