The bank card is an evolutionary strategy as they’ve been in use for a very long time. The bank card safety on digital community is improved through the use of PIN quantity in the course of the transaction. The scheme can also be simple to implement as most customers and retailers are accustomed to the procedures. The transaction is given under:
* Buyer orders an merchandise, net retailer and the service provider present an bill/invoice.
* Buyer affords to pay by means of bank card and the bank card quantity is handed on to the financial institution. The service provider doesn’t entry to the bank card quantity.
* The financial institution verifies the provision typically from the bank card issuer and informs the service provider. 급전
* The service provider conforms the transaction, ships the products, and informs the shopper concerning the transport data.
The shopper collects the products and the data on the supply goes to the service provider.
* Service provider informs the financial institution to gather the cash and supply the bank card receipt.
* Financial institution collects the cash from bank card issuer.
* Bank card issuer payments the shopper.
Advantages
* E-credit card is safer than the traditional card because the bank card knowledge of the shopper is just not out there to t he service provider not like the traditional system.
* The bank card fee to the service provider might be nearly instantaneous because the service provider to the financial institution can present the bank card receipts instantly.
