The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called

Question

Quizplus · Accepted Answer

The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called authorization. This is different from settlement, which is the process of transferring funds for the completed purchase. Approval and procurement are not necessarily related to the payment process.

The Process of Determining Whether a Card Is Active and Whether