In Laymans terms, how does a real-time Internet processing system work?
Behind the scenes, a real-time Internet processing system works just like a merchant accepting a credit card through a terminal. Data is entered, such as the transaction amount, the card number, expiration date, etc., and is then sent to the bank for real-time approval , and deposited into the merchant’s business checking account (minus the bank fees associated with the merchant account). The same data as a terminal is used but the source is an order form on a web site instead of a terminal. After the data is input through the web site, the process is completed through the Internet. We utilize the latest encryption and secure server technology to protect the customer’s credit card and personal information from being intercepted on the Internet.
