Terms that begin with A

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• Account Number
• Acquirer
• Acquiring Bank
• Address Verification Service (AVS)
• Adjusted balance
• Affinity Card
• Annual Fee
• Annual Percentage Rate (APR)
• Application fee
• Approval Response
• Authentication
• Authorization
• Authorization Amount
• Authorization Date
• Authorization Only
• Authorized Amount
• Authorized Transactions
• Automated Teller Machine
• Available Credit
• Average daily balance

The act of insuring that the cardholder has adequate funds available against their line of credit. A positive authorization results in an authorization code being generated, and those funds being set aside. The cardholder's available credit limit is reduced by the authorized amount.

Previous Merchant Account Term: Authentication

Next Merchant Account Term: Authorization Amount