| Term | Definition |
|---|---|
| Authorization Request |
An authorization request is a message sent by a payment gateway to the issuer after a credit or debit card has been read. The issuer's system checks that the card is valid, the account has the funds or credit needed to make the purchase, and the transaction doesn't violate any account restrictions. The issuer then sends a response indicate whether the transaction has been approved or declined. Read more >>> |
