Credit card authorization process weakness
Filed in Information Security, pci dss on Jun.17, 2009
Image via Wikipedia
Credit Repair Kit For Dummies (For Dummies (Business & Personal Finance))
Credit card authorization sequence:
1) Creditholder swipes card at merchant. A request is sent to merchants bank
2) Merchants bank “asks” processor to determine the cardholder bank
3) Processing network finds cardholders bank and request approval for purchase
4) Cardholders bank approves purchase and generates a approval [...]
