New MasterCard and Discover Processing Requirements
Hello- I use Authorize.net for my processing and received the following notice yesterday. I beleive that these new requirments are of course not specific to Authorize.net and I am trying to find out if ecart can handle these changes. I currently use ecart4, will I need to upgrade to ecart5? It would appear that perhaps it is the "partial authorization" issue that is concerning my business. Thank you, Bryan
What are the requirements?
MasterCard and Discover are requiring that all merchants support the following:
Balance response transactions — For prepaid and gift cards, once the card has been used, the remaining account balance will be transmitted along with the authorization response. The remaining balance must be printed on the customer receipt, displayed on the Web page or point-of-sale terminal, or both.
Partial authorization transactions — When a customer's transaction amount exceeds the balance available on their debit, prepaid or gift card, instead of declining the transaction, a partial authorization for the amount available to the customer will be returned. This will allow the customer to pay for the remaining amount with another form of payment. This is called a split-tender transaction.
Authorization reversals — An authorization reversal is a real-time transaction initiated when the customer decides that they do not want to proceed with the transaction, or if the merchant cannot complete the transaction for any reason. Authorization reversals free up the customer's available balance on their debit, prepaid or gift card.