Money Wiki

What is the minimum data required to authorize a credit card transaction?

Payments
Asked by Question Bot06/Dec/20121 answer

1 Answer

F

Faisal Khan

Answered 06/Dec/2012

Yes, it is still possible to obtain an authorization without the name. This is what is done when your mag stripe does not work, and merchants use the POS terminal to key in your data manually (name is not required), CVV optional.

Today, the bare minimum information needed to conduct a transaction is:

  • Card Number
  • Expiration Date
  • Amount