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9 Payments Authorization - Coggle Diagram
9 Payments Authorization
Tokenization
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- Gateway / PSP tokenize PAN (of Credit Card) and
- Card Scheme detokenzie it to PAN.
- Scheme share PAN or Token or PAN+Token to the Issuer bank.
Token Vault
Tokenzied service is provided by
- PSP/Gateway (online) and ApplePay (wallet)
- Card Scheme.
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Flow
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- Authorization / Cancellation
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Authorization
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Why Authorize?
1, Check card is Valid and Funds are available
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Message Types
- Pre-Authorization (Hotel)
- Zero Authroization (CNP environment)
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Payouts - Fasts
Usecases
- Gambling
- Tax Refunds
- Insurance
- Uber drivers
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