Transaction Authorization, Input and Processing Service definition

Transaction Authorization, Input and Processing Service means a system which, through the use of a Terminal for Credit Cards or a telephone device or Secure Payment Gateway for the DePOSiTEL Payment Service, enables the Merchant to (i) identify a Cardholder whose name appears on a Credit Card whose file is stored in a computer database; and (ii) make the direct deposit in the Merchant Account;
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Examples of Transaction Authorization, Input and Processing Service in a sentence

  • A) verify the validity of the Credit Card or Private Label Credit Card and to obtain authorization in accordance with this Section to complete any of the transactions described below, using the Transaction Authorization, Input and Processing Service, and agrees to communicate by telephone with the Federation’s Authorization Centre regarding any Credit Card that is submitted to it before its effective date or after its expiry date, as the case may be.

  • A) verify the validity of the Credit Card and to obtain authorization in accordance with this Section to complete any of the Transactions described below, using the Transaction Authorization, Input and Processing Service, and agrees to communicate by telephone with the Federation’s Authorization Centre regarding any Credit Card that is submitted to it before its effective date or after its expiry date, as the case may be.