Authorization, Clearing, and Settlement of MasterCard Transactions
Authorization, clearing and settlement are the three stages in a MasterCard transaction and you need at least a basic understanding of how they work....
Tag: transaction authorization
POS Terminal Risk Management Rules You Need to Know
POS terminal risk management rules are used to determine whether a transaction should be approved offline, sent online for authorization, or declined....
Batch vs. Real Time Credit Card Processing
Credit card transactions can be processed in batches or in real time, depending on the setting, the processor's capabilities and local requirements....
What Every Gas Station Owner Ought to Know about Pre-Authorizations
Gas stations use pre-authorizations to ensure there are sufficient funds on the customer's credit card to pay for the fuel, before it is pumped....
How to Manage Partial Transaction Authorizations
Partial authorizations enable issuers to approve lower amounts than the total transaction amount when the available card balance is insufficient....