Presenting a live 90-minute webinar with interactive Q&A Bank Claims for Target-Type Breaches: Leveraging Litigation Theories, Assessing and Pleading Damages Recovering Losses Due to Third-Party Data Breaches and Response Planning to Protect Customers' Financial Information THURSDAY, MAY 15, 2014 1pm Eastern | 12pm Central | 11am Mountain | 10am Pacific Today’s faculty features: Kenneth C. Johnston, Director, Kane Russell Coleman & Logan , Dallas R. Andrew Patty, II, Member, McGlinchey Stafford , Baton Rouge, La. Robert W. Gifford, Kane Russell Coleman & Logan , Dallas The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions emailed to registrants for additional information. If you have any questions, please contact Customer Service at 1-800-926-7926 ext. 10 .
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kjohnston@krcl.com dpatty@mcglinchey.com bthibodeaux@mcglinchey.com Robert W. Gifford Kane Russell Coleman & Logan rgifford@krcl.com
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Processing 6
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding 7
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The cardholder requests a purchase from the merchant. 8
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The cardholder requests The merchant submits the request a purchase from the merchant. to the acquirer. 9
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The acquirer sends a request The cardholder requests The merchant submits the request to the issuer to authorize a purchase from the merchant. to the acquirer. the transaction. 10
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding An authorization code is sent to the acquirer if there is valid credit available. 7963826 The acquirer sends a request The cardholder requests The merchant submits the request to the issuer to authorize a purchase from the merchant. to the acquirer. the transaction. 11
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding An authorization code is sent to the The acquirer authorizes acquirer if there is valid credit available. the transaction. 7963826 The acquirer sends a request The cardholder requests The merchant submits the request to the issuer to authorize a purchase from the merchant. to the acquirer. the transaction. 12
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding An authorization code is sent to the The cardholder receives The acquirer authorizes acquirer if there is valid credit available. the transaction. the product. 7963826 The acquirer sends a request The cardholder requests The merchant submits the request to the issuer to authorize a purchase from the merchant. to the acquirer. the transaction. 13
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding 14
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The merchant stores all of the day’s authorized sales in a batch. 15
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The merchant stores all of The merchant sends the batch the day’s authorized sales to the acquirer at the end of the day in a batch. to receive payment. 16
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding 17
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The batch is sent through the card network to request payment from the issuer. 18
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The batch is sent through the The card network distributes card network to request payment each transaction to the from the issuer. appropriate issuer. 19
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The issuer subtracts its interchange fees, which are shared with the card network and transfers the amount. The batch is sent through the The card network distributes card network to request payment each transaction to the from the issuer. appropriate issuer. 20
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The issuer subtracts its interchange fees, which are The network routes the shared with the card network amount to the acquirer. and transfers the amount. The batch is sent through the The card network distributes card network to request payment each transaction to the from the issuer. appropriate issuer. 21
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding 22
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The acquirer subtracts its discount rate and pays the merchant the remainder. 23
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The acquirer subtracts its discount rate and pays the merchant the remainder. 24
Credit/Debit Card Processing The Primary and Secondary Players and their Role in Payment Card Step 1 - Step 2 - Step 3 - Step 4 - Processing Authorization Batching Clearing Funding The acquirer subtracts its discount rate and pays the merchant the remainder. The cardholder is billed. 25
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