Abstract:
Payment and settlement systems underpin economies. Settlement banks, also known as “acquirers” or “acquiring banks,” help merchants accept credit card payments and deposit the funds into their merchant accounts. This financial institution acts as a middleman between merchants and card issuers when cards are used.
Brick-and-mortar and online retailers depend on the settlement bank for payment options and business operations. If the card issuer approves, the settlement bank will transfer funds from the issuing bank to the merchant.
Merchants can quickly and easily transact with banks using our Blockchain-based Transaction and Settlement System. Html, CSS, JavaScript, and ASP.NET make up this project’s front- and back-ends. Visual Studio and MSSQL are used.
The bank’s merchant list includes service period information. The list includes all merchant transactions and the status of any modified or tempered transactions. The bank will notify the merchant to renew services. Each transaction incurs bank fees.
The merchant checks the expiration date with the bank. Bank accounts allow service payments. The Merchant’s altered service transactions are also listed. Merchants approve agreements.
To log in with basic information, the customer must register. They can see all merchant info. The Acquirers (admin) account completes the transaction after the customer starts it with a merchant. All transactions and modified or tempered transactions will be provided to the customer. Shared customer experiences provide feedback.
Note: Please discuss with our team before submitting this abstract to the college. This Abstract or Synopsis varies based on student project requirements.
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