![]() 19 versions are very similar and version 2003 Some of the fields are generic and can be used by each entity in a custom way. Although ISO 8583ĭefines a common standard, different systems may use the fields in different ways because only some fields are standards fields and the meaning is the In this chain of systems from the terminal (POS or ATM) to the card issuer entity and back usually is used ISO 8583 message format. ![]() Time period (usual this period is 30 sec). Issuer entity will authorize or decline the transaction and generate a response message which must be delivered back to the POS or ATM within a predefined The transaction data contains information from the card (PAN, expiry date),įrom the terminal (transaction number, merchant data) and information added dynamically during the process and by the intervening systems. The card issuer entity for authorization against the card holder's account. ![]() ![]() Usually, a card initiated transaction travels from a point-of-sale terminal (POS) or an automated teller machine (ATM), using a series of networks to When is about card initiated transactions is about ISO 8583 financial transaction message format standard.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
June 2023
Categories |