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1、商業(yè)銀行管理OCG11CommercialBankManagementLectureonManagingaConsumerBankingBusiness–PaymentCards:PaymentTransactionCycleChpt2AaronHo2014ManagingPaymentCards–TransactionCycleItisimportanttolearnaboutthepaymenttransactioncycle,partiesinvolved,governingregulations:?Customer
2、transactionprocess?Dataflow,processingandstandards?PartiesinvolvedandcontractualobligationsPartiesinvolvedinapaymentcardtransactions1.Cardholder:personwhoholdsandusesthecardinthepayment/ATMcashwithdrawal2.Issuer:CardIssuingBank/CompanywhoissuesthepaymentcardtotheC
3、ardholder3.Merchant:Thesupplierofgoods/serviceprovidedtothecardholderandacceptsthepaymentmadeonthecardandsubsequentlyreceivesfunds4.Acquirer:AcquiringBankorCompanywhoacquiresandsettlesthepaymenttransactiontothemerchantinpayingfundstothemerchantandclaimsbacksuchfro
4、mtheIssuerorCardholder.ForATMwillbetheATMowner.5.AuthorizationSwitch/Network:Thenetwork(orThirdPartyProcessor)whichswitchesthepaymenttransactionfromtheAcquirertoIssuerforauthorizationbeforemerchantreceivesguaranteeoffundorATMreceivesauthorizationtodispensethecash6
5、.Settlement/ClearingFranchisororCardSchemes:ThepartyoperatingtheclearingsystemtoprocessthepaymentdataandclearfortheAcquirer(s)andtoclaimfromtheIssuer(s)onanetsettlementontheirpaymenttransactions/orcashdispensedonATM.7.SettlementBank:TheBankwhoprocessesthefund“duet
6、oduefrom”AcquirersandIssuerstosettletheclearingpositions8.ThirdPartyProcessors:Thirdpartyprocessors(TPP)whooperateseitherauthorizationnetwork/systemsorclearingsystems.ProprietaryATMTransactionFlow(OwnATMNetwork–twoparty)BankCashfeesCashdatadepositCash/AdvicenotesC
7、ardholderATMPINbasedtransactionInterbankATMTransactionFlowATMSwitchBankATransactiondataBankB(Issuer)(Acquirer)SettlementfundandfeesTransactionCardfundsCashTop-upDataStatement/+feesPassbookWithdrawal/DispenseCashCardholderATMPINThree-PartyPaymentCardTransactionFlow
8、(closedloop)CardCompany/Funds–merchantBankpaymentStatementPaymentadvice32MerchantFunds–CardDiscountfees/feesGoods/servicesrepaymentServicecommission/Fee
