Ideas in this flowchart

• Processing of an authorized transaction
• The merchant submits receipts to the acquiring bank.
• The acquiring bank requests reimbursement from the issuing bank through an automatic clearinghouse network.
• The issuing bank analyzes the transaction for fraud.
• The bank compares the transaction with the customer's usual purchasing patterns.
• When activity appears suspicious, the bank contacts the customer.
• Once the transaction is approved, the banks complete the account settlement.
• The issuing bank debits the customer's account.
• The acquiring bank credits the merchant.
• The settlement process can take up to three business days.