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    Srs For Credit Card Processing System

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    717823z139

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    © All Rights Reserved
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    Srs For Credit Card Processing System

    Uploaded by

    717823z139
    10 views2 pages

    Original Title

    Srs for Credit Card Processing System

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    © © All Rights Reserved

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    10 views2 pages

    Srs For Credit Card Processing System

    Uploaded by

    717823z139

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Software Requirement

    Specification for Credit Card


    Processing System
    1. Introduction
    The Credit Card Processing System aims to provide a secure and efficient platform for processing
    credit card transactions. This system will handle various functionalities such as authorizing
    transactions, capturing payments, managing accounts, and generating reports. The primary goal is to
    ensure smooth and reliable processing of credit card payments while maintaining the highest
    standards of security and compliance with industry regulations.

    2. Functional Requirements
    2.1 User Management
    -Registration: Users can register for an account by providing necessary information such as name,
    email, and password.

    - Login: Registered users can securely log in to the system using their credentials.

    - Password Rese: Users should be able to reset their passwords through a secure process.

    2.2 Transaction Processing


    - Authorization: The system should verify the validity of credit card transactions in real-time by
    communicating with card issuers.

    - fraud Detection: Implement mechanisms to detect and prevent fraudulent transactions using
    advanced algorithms and fraud detection rules.

    - Transaction Status: Users should be able to view the status of their transactions (e.g., pending,
    approved, declined).

    2.3 Payment Processing


    -Payment Capture: Approved transactions should be captured securely, deducting funds from the
    cardholder's account and transferring them to the merchant's account.

    -Refunds: Provide functionality for processing refunds for disputed or cancelled transactions.

    2.4 Account Management


    - Credit Card Management: Users should be able to add, remove, or update credit card information
    associated with their accounts.
    - Profile Management: Allow users to update their personal information such as contact details and
    billing address.

    -Transaction History: Users should have access to a detailed history of their past transactions.

    2.5 Reporting
    - Transaction Reports: Generate comprehensive reports on transaction activity, including transaction
    volume, revenue, and average transaction value.

    - Financial Summaries: Provide summaries of financial data such as total revenue, fees, and net
    profit.

    - Customizable Reports: Allow users to customize and filter reports based on specific criteria.

    3. Non-Functional Requirements
    3.1 Security
    - Data Encryption: Implement strong encryption protocols to protect sensitive data such as credit
    card information and user credentials.

    - Access Control: Enforce role-based access control mechanisms to ensure that only authorized users
    can access specific functionalities and data.

    - Compliance: Ensure compliance with industry standards such as PCI DSS (Payment Card Industry
    Data Security Standard) to safeguard cardholder data.

    3.2 Performance
    - Scalability: Design the system to handle a large volume of concurrent transactions efficiently, scaling
    resources as needed.

    - Response Time: Ensure that the system responds promptly to user requests, with minimal latency
    during transaction processing.

    - Availability: Maintain high availability to ensure uninterrupted service for users, with measures in
    place for failover and disaster recovery.

    3.3 Reliability
    - Fault Tolerance: Implement mechanisms to detect and recover from system failures, minimizing
    downtime and data loss.

    - Backup and Recovery: Regularly backup data and implement robust recovery procedures to restore
    system functionality in case of failures.

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