1. Credit Card Purchase Transaction Flow
1. Cardholder
presents credit card
to purchase item
2. The merchant accepts the credit
card and swipe or insert credit card
with the EMV chip facing inwards
into the merchant terminal.
3. The transaction will
require authorization
approval from the Bank
6. Credit cardholder will receive a
statement from the issuing Bank and
have until the due date to pay for the
purchase transaction to the bank
4. Bank authorizes
transaction. Approval
depends on the credit
card limit and purchase,
the credit card account is
not delinquent, the credit
card is not expired, and
others.
5. The merchant will receive a
notification on the terminal screen for
the status of transaction. If approved,
then the credit cardholder has
successfully purchased the item from
the merchant.