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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
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.
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
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