09-06-2012, 12:41 PM
Credit card processing
CREDIT CARD PROCESSING.docx (Size: 46.86 KB / Downloads: 5)
INTRODUCTION:
Initially most commercial banks provided credit card issuing to consumers, and credit card transaction processing services for merchants. Such institutions are called merchant banks or acquiring banks. Over time the industry consolidated and now only a few banks issue credit cards. Today most banks outsource credit card issuing for their consumers to one of these banks that specializes in that such as Citibank, Chase bank, Capital One, etc. However these cards can be imprinted with the local bank's logo and name, so a customer may not realize the credit card they got from their bank is really issued by another bank.
Few commercial banks can process credit card transactions cost effectively. So like the issuing of credit cards, today most banks outsource credit transaction processing services for their merchants to one of a few giant payment processors. These processors use a network of member banks to settle payments between them.
SRS DOCUMENTS:
SOFTWARE REQUIREMENTS:
front end - Microsoft visualstudio.net
back end - sql database.
HARDWARE REQUIREMENTS:
PROCESSOR –Intel dual core,
ram - 1GP,
hard Disk : 40GB(MINIMUN)
