How Authorization Flow works:

• Authorization Request sent from the payment server to cardholder's issuing financial institution
• Authorization Request Result (Approval / Rejection) sent from issuing financial institution to processor
• Settlement flow initiated

How Settlement Flow Works:

• Settlement Request sent from server to cardholder's issuing financial institution
• Settlement Request Result (Approval / Rejection) sent from issuing financial institution to processor
• Transactions settled to the merchant (minus MSC and transaction fee)
• Settlements occur every week, 1 week for US and Canada
• Settlements occur every week, 4 weeks for rest of world

How Transaction Confirmations Work:

• Confirmation of purchase displayed to consumer
• Confirmation e-mail sent to consumer (contains digital certificate)
• Confirmation e-mail sent to site administrator (contains digital certificate)
• Merchant's CMS updated with transaction details