Explain How an Online Credit Card Transaction Works, Identifying the Parties

question 84

Essay

Explain how an online credit card transaction works, identifying the parties involved and describing how SSL/TLS is involved. What are the limitations of online credit card payment systems?

---

Definitions:

Dynamic Model

A representation or framework that simulates change within systems or processes over time, often used in various fields to understand complex interactions.

Acute Situation

An immediate, often critical scenario requiring urgent attention, which can refer to medical conditions or emergencies.

Cognitive Processes

The mental operations involved in perception, memory, thought, and problem-solving that are crucial for acquiring knowledge and understanding.

Tonic Responses

Continuous or sustained physiological responses to a stimulus, as opposed to phasic or short-term reactions.