Remove Credit Limit Remove Funds Availability Remove Returns
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PayPal’s Magats: Digital Shift Forces New Focus On Auth Rates — And New Ways To Boost Them

PYMNTS

Or maybe it’s maxed out the credit limit. If it’s a debit card, bank account or prepaid card, maybe there aren’t enough funds available for the purchase. A shopper finds you online, finds a product to buy, fills their cart and hits the checkout button. Transaction declined. Maybe the card has expired.

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What Is Account Takeover Fraud?

FICO

Some fraudsters are looking for a quick return on their investment and simply transfer available funds to accounts in their control – often through the use of networks of money mules. What happens next varies. Other fraudsters are playing a longer game, looking to leverage the account they have taken over to maximize gains.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Credit Limit The maximum amount that a cardholder can charge within their credit range. D Debit Card A payment card that enables the cardholder to withdraw funds from their bank account or make purchases with funds available in the account.

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