| Term | Definition |
|---|---|
| Code 10 Authorization |
A code 10 authorization is a phone call merchants can make to an issuing bank to alert them of suspected fraud without tipping off the customer. When a merchant makes a code 10 call, the bank representative will ask a number of yes or no questions in order to gain an understanding of the situation. They will then instruct the merchant on how to proceed. Read more >>> |
