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The Transaction Process
The following explanation helps to explain the interactions
that occur when processing a transaction through RTWare.net.
- A transaction passes from the Merchant’s website
to the RTWare.net Processing Gateway.
- The transaction is transmitted to the Acquiring Bank’s
processor.
- The Acquiring Bank’s processor passes the transaction
to the Credit Card Interchange system.
- The Credit Card Interchange system queries the appropriate
Card Issuer database.
- The Card Issuer approves or declines transaction, places
hold on funds, and passes result/authorization codes back
through the Credit Card Interchange system.
- The Credit Card Interchange system relays transaction
result to the Acquiring Bank’s processor.
- The Acquiring Bank’s processor relays the transaction
result to the RTWare.net servers.
- RTWare.net servers store the results and transmit them
back to the customer and/or Merchant
Note: On average, these steps take place in 3 to 4
seconds!
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