The payment card authorization process enables the card issuer to approve or decline a transaction. In most cases, authorization requests are processed electronically in the matter of seconds. However, as a protection against fraud, the card issuer may from time to...
The payment card industry devotes significant amounts of time and resources to developing authorization systems and decision models in an effort to mitigate the financial losses. Every transaction begins and ends with the cardholder. Between the time the cardholder presents the...
MasterCard processes more than 160 million payment card transactions per hour with an average network response time of 130 milliseconds. Here is how....
