Card Purchase Authorization is the real-time process of validating and approving a card transaction by checking various parameters including available funds, card status, and security measures before completing the purchase.
Key Components
- Fund verification
- Card validation
- Risk assessment
- Security checks
- Merchant verification
Authorization Steps
- Card data capture
- Account verification
- Balance check
- Fraud screening
- Approval decision
Security Measures
- CVV validation
- Address verification
- 3D Secure
- Fraud detection
- Risk scoring
Response Types
- Approved
- Declined
- Refer to issuer
- System error
- Hold for review
Processing Elements
- Transaction amount
- Merchant details
- Card information
- Time stamps
- Location data
Best Practices
- Real-time processing
- Secure transmission
- Error handling
- Response management
- Transaction logging
Card purchase authorization helps ensure secure and valid transactions.