When a credit card company says it “processes” a transaction, what does that include, and does it involve fraud or legitimacy checks?

Compliance
Asked by Question Bot01/Aug/20161 answer

1 Answer

F

Faisal Khan

Answered 01/Aug/2016

There are many steps towards an authorization. Elements like is the card valid? Is it stolen? Is the card expired? etc. Transaction processing is 3-part and not just the authorization part to which you are highlight above.

Here is what the 3-part process looks like:


Courtesy: Transaction Authorization