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Payment Cards
Payment Cycle
Introduction
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Card Payment Cycle
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Across The Payments
Spectrum
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Supported card product types
Credit Revolving
Chargeebit
Corporate
Pre!paid
Instalments"##inity Cards
Pro$y % &irtual Cards 'e!Card(
Private label'pro#iled cards(
Co!)randed Cards
Payroll Cards
*ealth Cards
Remittance Cards+ravel Cards
,i#t Cards
Custom -lectronic
Purse
Support issuance of Magnetic stripe and Chip (VSDC/M/Chip)
cards:
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Credit Card
"uthorisation and ClearingSystem /lo0
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Credit Card
Authorisation and ClearingTypes
1. ocal Card used in Counrty n!ine
2. ocal Card used in Counrty n!ine! n!5s 3. ocal Card used in
Counrty ##!ine
4. ocal Card used outside o# Counrty ! 6ethod 1
.ocal Card used outside o# Counrty ! 6ethod 2
. /oreign Card used in Counrty 7 6ethod 1 8./oreign Card used in
Counrty 7 6ethod 2
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BKM A..
Approe/!e"ect
Credit Card of B BankPS machine of A Bank
I want to!ay withmy Credit
Card
Credit Card #n$%ine Authorisation
BANK-A
ACQUIRER
BANK-B
ISSUER
Approe/!e"ect
Approe/!e"ect
6erchant
Card
*older
ocal Card
used in
+ur:ey
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BKM A..
Approe/!e"ect
Credit Card of B BankPS machine of B Bank"#ER"
I want to!ay withmy credit
card
Authorisation if &ssuing 'an
can not respond to 'M *uery
BANK-A
ACQUIRER
'ased on Predetermined %imits
Approed +y &ssuing 'an to +e used
in case of lac of communication of 'M,ith the ac*uiring +an
Approe/!e"ect
6erchant
ocal Card
used in
+ur:ey
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ebit Card nline PS "uthorisation /lo0
'omestic ? International(
Cardholder
BKM
Issuer(Authorisation Institute)
omestic Purchase
International
"uthorisation
omestic "uthorisation
')=6 IS993 #ormat(
Merchant
&isa%6asterCard
International PurchasePayment Schemes:
MasterCard
VisaAcquirer
International
"uthorisation
International
"uthorisation
omestic "uthorisation
')=6 IS993 #ormat(
International
"uthorisation
')=6 IS993 #ormat(
International
"uthorisation
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ebit Card nline Clearing ? Settlement /lo0'omestic(
Cardholder
BKM
Issuer
omestic Purchase
omestic Clearing
')=6 #ormat(
>et Settlement
Merchant Acquirer
omestic Clearing
')=6 #ormat(
omestic Clearing
')=6 #ormat(
>et Settlement
Central
Bank*
"ll "cAuirers ? Issuers including )=6 have Clearing )an:
accounts 0ithin the Central )an:B there#ore #unds simply trans#er
bet0een accounts.
>et Settlement
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3D Secure
Storefront APIs
Reporting
Fraud Protection
Payment
'ans
'ans
Secure e-Payment Infrastructure
Customer
3ST Secure e$Payment
4ate,ay
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/uture o# Payments
/urther erosion into cash and other non card payments
>eed to ensure balance bet0een parties to #oster gro0th
Ris: 0ill continue to be maor concern
Regulators 0ill continue to oversee
>e0 technologies and channels7 6obile
7 &oice
7 Contactless
7 -!payment
7 6a$imisation o# the chip on the card
