Unformatted text preview: Once Card and PIN are received, customer can do the transactions. • Transactions can be of various types like credit, debit, reversal (if you return the goods purchased), chargeback (if wrong/ fraudulent transaction appears in the statement) etc. • The transactions are recorded on a table. • On the billing day, statement of transactions is generated. It can contain various messages which are basically advertisement campaigns. • The customer has an option of paying the ‘Minimum Amount Due’. In this case, the remaining amount will attract the standard interest rate. • Once the expiry date of any card is close, a new card will be generated and sent to the customer. The card will be accompanied by Card Carrier....
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- Spring '11
- Credit card, Card. PIN Mailer, ABSTRACT CREDIT CARD