5 docs tagged with "authorization-holds"

Authorization holds are the result of successful payment card authorizations.

Authorization Hold (also Card Authorization or Pre-authorization) is the practice of authorizing electronic transactions processed with a debit or a credit card and holding this balance as unavailable for the card-holder until either the merchant clears the transaction (settlement) or cancels it.

Most bank clients today expect to be able to function in a fully cashless way, using debit and credit cards to make and receive payments as well as make direct withdrawals from debit accounts and cash advances against credit.

Cards are payment instruments issued by the bank and electronically linked to one or more deposit or loan accounts belonging to the cardholder. We support both debit cards and credit cards depending on the selected product.

Using the Cards API, you can process transaction requests, transaction advices, and transaction reversals.