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visa and mastercard visa-4 mastercard-5 finacial ecosystem *authorization process 1. cardholder- swipe card 2. merchant- sends an authorization request to card issuer 3. merchants bank- 4. card network 5. card issuer- sends an approval response (approval/declined) code to the merchant *settlement process 1. merchant 2. by the end of this session, you will be able to 1. identify the advantages, uses and functionality of a General purposes reloadable (GPR) card advantages -used to make payments and purchases in store - obtain cash at any ATM - cards should be loiaded before using for purchases or cash withdrawals no credit checks safer than carrying cash