payment process manager
DESCRIPTION
This module is a loosely coupled system which has the o the systemcapability to manage gateways and defined system and also play the part in respect to the responses from the processor and make necessary update to the databaseTRANSCRIPT
Payment Process Manager
The Next Generation Payment process handler
By Rezaul Karim Majumder
Product Breakdown Structure
Payment Process Manager
Preparation Transaction Presentation
Setup Merchant A/C
Configure Integration API
Request Payment
Capture Request Detail
Manage Payment Process
Manage Authjorzation
Manage Capture
manage Settlement
Present Process Status
Present Progressive Search
Present Processing Cost
Notification Manager
Steps for Payment process by Authorize.net
Payment Process Manager
Is su i ng b a nk Pro c es s in g Ca rri e r Acquiring Bank
Aith o riz e.n e t
The Processor
Interchange
The customer submits his credit card for payment.
Authorize.Net manages the complex routing of the data on behalf of the merchant through the following steps/entities.
Authorize.Net passes the secure transaction information via a secure connection to the Processor.The Merchant Bank's Processor submits the transaction to the credit card network (like Visa or MasterCard). The credit card network routes the transaction to the bank that issued the credit card to the customer.
Service Acknowledgement
Authorize.Net stores the transaction results and sends them to the website for the customer and merchant to see.
Th e issu in g bank se nds t he app r opr ia te f und s for t he tr a nsact i on to t he cr ed it car d net w or k, w hic h passe s the Fu nds t o th e m e rc hant' s ban k.Th e ba nk t hen dep osi ts th e f unds in to th e m er cha nt's b ank a ccou nt. Th is is ca ll ed 'Settlement', an d t ypi cal ly t he tr an sact io n f unds ar e de posi te d i nto th e m er ch ant' s p ri m ar y ba nk acc ount w it hi n t wo to fo ur bu sin ess days.
E qor i aE qos of t
O r gm at i cs
Contributor
Se ttle m en t
Payment Process Manager
Issuing bankProcessing Carrier
Acquiring Bank
Aithorize.net
The Processor
Interchange
The customer submits his credit card for payment.
Authorize.Net manages the complex routing of the data on behalf of the merchant through
the following steps/entities.
Authorize.Net passes the secure transaction information via a secure connection to the Processor.
The Merchant Bank's Processor submits the transaction to the credit card network (like Visa or MasterCard). The credit card network routes the transaction to the bank that issued the credit card to the customer.
Service Acknowledgement
Authorize.Net stores the transaction results and sends them to the website for the customer and merchant to see.
The issuing bank sends the appropriate funds for the transaction to the credit card network, which passes the Funds to the merchant's bank.The bank then deposits the funds into the merchant's bank account. This is called 'Settlement', and typically the transaction funds are deposited into the merchant's primary bank account within two to four business days.
Eqoria
Eqosoft
Orgmatics
Contributor
Settlement
The Context Diagram
Business Process Modeling
The Business Requirements
Preparation
Capture Payment Request
Manage Payment process
Manage Authorization
Manage capture
Manage settlement
Manage Accounting
Business Use case: Preparation
System Use Case: Activate Merchant Account
Integrate payment request system
Integrate payment gateway with required and defined API
Business Use Case: Make Preparation
System Use CaseActivate gateway Account
Create necessary Web services
Integration with application system and the Gateway service
Set up necessary configuration for efficient and effective web transaction and processing
