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Credit Card Processing Process (Elements (card, currency, ticket, ATM,…
Credit Card Processing Process
Actors
Acquiring bank
Issuer
Cardholder
Card network
Card association
Merchant
Steps
1: Autorization
purchase
Autorization
2: Clearing
interchange
collecting transacction
deliver transaction
3: Settlement
collect
ticket
pay
Elements
card
currency
ticket
ATM
connection
information
cash
product
Interactions
connection
interdependance
reactivity
link