Card Issuer Funds Availability Point-of-Sale (POS) 
Stax
NOVEMBER 21, 2024
We have broken down the process into three key steps below: Payment initiation This first step is triggered when your customer pays for your goods or services using a credit card. The payment could also be made via digital means.
PayHawk
APRIL 18, 2023
Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Authorization The process of verifying that a transaction can be approved and funds are available for the transaction.
Stax
SEPTEMBER 17, 2024
Payment processors verify the payment details, ensure there are enough funds (if the purchase is made with a debit card), make sure there’s no fraud being committed, and essentially give the green light for the transaction to go through. The payment processor interfaces with the customer’s card network (e.g,
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