IrFM Transaction Flow

• Infrared capable, IrFM enabled, Payment Application, Virtual card

• Infrared adapted, IrFM compliant, Payment Application, Connected to clearing & Settlement systems

Infrared Point and Pay (IrFM)

Consumer

Merchant

Issuer

(Consumer’s Bank)

Acquirer

(Merchant’s Bank)

Clearing & Settlement

(Authorization & Money Movement)

Credit Networks

Debit Network

Clearing Houses

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