This system improves response time by eliminating the dial and connect time. Typical transaction response time is 3 or less seconds. Generally, the monthly cost to the merchant for the lease line is high, but is offset if the merchant is processing greater than 800 transactions per day. There are several software platform alternatives that run commerce enabled websites on the Internet. An Issuer issues the credit card to the cardholder or a purchasing card to a business.
Some financial institutions contract the issuing of credit cards out to the processor.
The Issuer is responsible for sending information on transactions to MasterCard or Visa. Merchants set up websites for the express purpose of conducting commerce. Service Providers Full service ISPs provide the computer systems, connectivity to the Internet, website management, programming services and access services to consumers and merchants. ISPs offer all the critical services to merchants who do not wish to enter into the technical arena and render all the support and assistance for a monthly fee. It is strongly recommended not to do any transactions on a Non Secure Server.