Credit Card Transactioncard transaction
Card-transaction processing - UK Cards Association (UK)
Learn what to look forward to when handling card payments and how to define the right keys. Upon acceptance of Card Processes, you should obtain approval from the Cardholder's Card Issuer that the Transaction Data handled by your Card Processor is accurate. At this point, you will be given an authorization token for this particular transaction.
NB: Authorization does not warrant that a transaction is not deceptive or that it will not be reversed at a later date. Below is a listing of hypertexts that explain concepts you may encounter when receiving card payments and that can be fully understood by your acquiring party.
Dealers may have reasons to suspect a card holder, the presented card or card category or the conditions of the transaction. Under these conditions, vendors can make a Code 10 call (if they are confident ) to their acquirer's Card Authorisation Centre (CAC), where the merchant guides them through the proces.
Supposedly, a kiosk has gone on-line when it connects to an acquiring party to handle a card transaction and obtain authorization. The reason for this may be that the card chips have prompted the terminals to do so, or that the transaction value is higher than the dealer's stipulated ceiling.
The transaction can be performed "offline" if the terminals do not select themselves for authorization. For example, this may be the case if the transaction value is below the threshold set by an acquiring party for which a trader can enter into a transaction. Please feel free to browse our guidelines for more details on best practices in handling higher value non-contact and non-contact payment orders.
In the case of card transaction transactions, the merchant's terminals may ask the card holder to make a manually authorized call to the cardholder's issuing company - the so-called recommendation. Acquirers' instruction manuals lead dealers through the steps of working on a recommendation. It is the value of a transaction between a trader and his purchaser.
If any transaction exceeds this value, the terminals will go on-line to the issuing company and apply for an approval which will either be granted, an approval granted or rejected. If the value of the card transaction is below the ceiling, the terminals can handle the transaction off-line, i.e. the terminals do not go on-line to the issuing company and store the transaction data for later transfer to the acquiring company.
With due regard to any card regulations that may apply, a ceiling shall be set between the purchaser and the dealer and pre-programmed in the dealer's terminals. Retailers who cannot use their default methodology to approve a card transaction can use the next available methodology. A retailer should have used a document on a piece of work.
Card systems need different relapse measures according to the card used. In the event that a coin and card identification number has not been received by a bank because the coin cannot be scanned, a retailer may use the card's magstripe to try to complete the transaction on this card by drawing the card.
The acquirer will give information on what traders should do if they have to withdraw, and what card (s) on hard copies cannot be used. It may happen that a retailer must make a reimbursement for a card transaction for a purchase made. You should only do this with the card that was used for the initial transaction.
In the case of reimbursement, it is recommended that retailers do not make any reimbursement of cheques or money in hand, as this is a commonly used way for scammers to withdraw money from the card. Acquirers and suppliers of terminals will provide information on the proper reimbursement procedures. When a trader has edited a transaction, obtained an approval, but now wants to reverse or reverse the transaction, he may not execute another immediate transaction.
An error may, for example, be made with the transaction amount, but the cancellation must be the next transaction that a trader makes after the transaction to be canceled. That means that a trader cannot edit a transaction for another client and can then return to abort a prior transaction.
This would require a dealer to make a reimbursement instead of cancelling the initial transaction. That would mean that a trader has completed two trades and his acquiring party has been negotiating how this is calculated.