Byte 3 - Authorization Processing

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  • เผยแพร่เมื่อ 21 ต.ค. 2024

ความคิดเห็น • 34

  • @sujatadeshinge7936
    @sujatadeshinge7936 2 ปีที่แล้ว +1

    You are providing wonderful content at free of cost, Thanks 🙏👍

  • @JamesEdwards-t5e
    @JamesEdwards-t5e 2 หลายเดือนก่อน

    I really enjoy your videos and I have learned a lot about cards.
    I am very interested in knowing how payment processing works in the case where the currency associated with the card differs from the currency in which the merchant receive the payments.
    I am also interested in knowing how refund processing works: when the currency of the merchant and the issuer of the payment match and when a currency exchange must be made.
    I really will appreciat if you can explain.

  • @zenfitteam7622
    @zenfitteam7622 ปีที่แล้ว +1

    Plese discuss MDR and probably MCC also

  • @nitinkaushik6456
    @nitinkaushik6456 3 ปีที่แล้ว

    Very well explained, thanks for the video.

  • @tejasdugade1051
    @tejasdugade1051 2 ปีที่แล้ว

    Thanks for the basic concepts ✌

  • @viswanrajan6739
    @viswanrajan6739 ปีที่แล้ว

    Hello - Issuing and acquiring transaction process are same ? Pls clarify like authorisation side

  • @venkatraothota5620
    @venkatraothota5620 3 ปีที่แล้ว +1

    May be not relevant but would like to know about buy sell and mid rate while conversation of currencies.

  • @jkgarvit
    @jkgarvit 2 ปีที่แล้ว

    Well structured and enough details

  • @badrisukumaran9268
    @badrisukumaran9268 3 ปีที่แล้ว +1

    Well explained, thanks

  • @akankshasubhangam623
    @akankshasubhangam623 3 ปีที่แล้ว

    Very well explained....👍

  • @jakkammadhurya5222
    @jakkammadhurya5222 3 ปีที่แล้ว +1

    Well explained

  • @superjoaopais
    @superjoaopais 3 ปีที่แล้ว

    Great content and clear explanations!

  • @venkatraothota5620
    @venkatraothota5620 3 ปีที่แล้ว

    Principle and affiliate members can be explained with the scenario of schemes involvement. Also liability of interchange fees.

  • @zenfitteam7622
    @zenfitteam7622 ปีที่แล้ว

    Super helpful

  • @shreesule
    @shreesule 3 ปีที่แล้ว

    what is a difference in an issuer switch, accquier switch and scheme. lets consider a following example i have a SBI card with VISA as a scheme and carry out a transaction on AXIS bank pos terminal.

    • @LearnPayments
      @LearnPayments  3 ปีที่แล้ว +2

      Hi,
      Issuer Switch interfaces with the Scheme, It receives transactions from Schemes, does all the required validation from an issuer perspective like OTB, CVC, PIN validations etc. and respond to scheme.
      Acquirer Switch maintains the communications channels with the terminals (acquiring channels) like POS, mPOS, ATMs etc. It also maintains the interfaces with the schemes as well. Receives the transactions and passes it to the Scheme.
      Scheme acts as an interface between Acquirers & Issuers.
      You may want to watch my video "Payment Transaction Switch - A Primer" th-cam.com/video/aw1OczaqWIA/w-d-xo.html for more information.
      Cheers.

  • @patilvijay48
    @patilvijay48 3 ปีที่แล้ว

    I want to do full course on payment and switch also ISO 8583 ..Can you guide me? Message formatting etc DE

  • @venkatraothota5620
    @venkatraothota5620 3 ปีที่แล้ว

    Also about Vostro Nostro and Loro accounts.

  • @lavankumar6249
    @lavankumar6249 2 ปีที่แล้ว

    Good information, but small correction
    POS will not create ISO8583
    Acquirer bank will create ISO8583
    Correct me if I'm wrong..
    Good article Sir👏👏

    • @LearnPayments
      @LearnPayments  2 ปีที่แล้ว +1

      POS can also generate a ISO8583. But the message format between POS and Acquirer is proprietary between them

  • @y.c.breddy3153
    @y.c.breddy3153 3 ปีที่แล้ว

    Where we can find transaction details like transaction code or transaction extra log , transaction history which is the best answer

    • @LearnPayments
      @LearnPayments  3 ปีที่แล้ว

      You'll find it in the switch

    • @y.c.breddy3153
      @y.c.breddy3153 3 ปีที่แล้ว

      @@LearnPayments I want more details about transaction so which one can I prefer brother like transaction code or transaction extra log or transaction status

  • @harshithmanepalli2359
    @harshithmanepalli2359 2 ปีที่แล้ว

    What exactly acquirer will do and what exactly issuer will do?

  • @AG-wq8my
    @AG-wq8my 3 ปีที่แล้ว

    You missed HSM & Keys component. Please add it in tech flow and explain. Thanks

    • @LearnPayments
      @LearnPayments  3 ปีที่แล้ว +1

      Missed purposefully, coz the video was supposed to be short.
      There are other videos on Payment Switch, and Traditional Authorizations, PIN, CVC where I've spoken of HSM.

  • @harshithmanepalli2359
    @harshithmanepalli2359 2 ปีที่แล้ว

    Who is issuer is it bank server?

    • @LearnPayments
      @LearnPayments  2 ปีที่แล้ว

      Suggest you read the link i provided for your comment. Issuer here refers to a Financial Institution which hosts a Switch

  • @y.c.breddy3153
    @y.c.breddy3153 3 ปีที่แล้ว

    Auth code send merchant to acquirer or issuer to acquirer

    • @LearnPayments
      @LearnPayments  3 ปีที่แล้ว

      Check this th-cam.com/video/qbHKr7biScg/w-d-xo.html