Electronic Authorisation Function definition
Electronic Authorisation Function means a facility through which authorisation for a transaction may be obtained from a bank through the Edge Card Reader.
Electronic Authorisation Function means a facility available to the Merchant to get NuPay’s authorisation for a Transaction, by using the Terminal;
Electronic Authorisation Function means a facility whereby an authorisation for a Card transaction may be obtained from Mercantile Bank by means of electronic linkage with the computer network of Mercantile Bank by using the Equipment;
Examples of Electronic Authorisation Function in a sentence
All transactions require prior authorisation from a bank by way of the Electronic Authorisation Function prior to You permitting the Cardholder to spend on a Card.
In this clause "Fraudulent Transaction" means any transaction which would be fraud or Laundering (regardless of whether an Electronic Authorisation Function code number has been issued by iKhokha to You) in terms of the common law or statute.
More Definitions of Electronic Authorisation Function
Electronic Authorisation Function means a facility available to the Merchant to get NuPay’s authorisation for a Transaction, through NuPay, by using the Terminal;