The gateway will automatically collect information and pass it to your acquring bank. The processing gateway allows for automated real-time processing. Examples of processing gateways are Cybercash and Authorize. The owner the of purchasing credit card is referred to as Card Holder. A positive authorization reduces the cardholders available credit and reservces the funds for settlement.
Settlement actually deducts the funds from the card holder's account.
AVS compares the zip code and street number. Chargebacks A chargeback is a request by the cardholder or the card-issuer to reverse a disputed purchase. Your acquiring bank may charge hefty fees for each chargeback. The process of checking card validity by comparing it to previous purchases, AVS report, internal decline database and fraudulent shopper behavior patterns. A private database containing declined credit card numbers, fraudulent credit card numbers, stolen credit card numbers and previous charge-back credit card numbers.