Users - Explanation of credit card processing

[Charles Johnson-2]

Is there anywhere these processing terms are explained. Not easily Googleable. I could guess - but i'd sooner not do ;-)

Product Store Payment Settings For: OFBiz E-Commerce Store [ID:9000]

New Product Store

Payment Method Type	Service Type
Credit Card	Payment Authorization Service
Credit Card	Payment Capture Service
Credit Card	Payment Re-Authorization Service
Credit Card	Payment Refund Service
Credit Card	Payment Release Authorization Service

CJ

 
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[David E. Jones]

These are standard credit card processing terms and describe  
different phases of a credit card transaction. If you aren't familiar  
with these terms then I'd recommend finding a good document on credit  
card processing, though I'm not sure which to recommend... Most  
payment gateway and other payment processing documentation has  
descriptions of these things, and that might be a good place to read  
for a general overview.

-David


On Dec 15, 2005, at 1:01 PM, Charles Johnson wrote:

> Is there anywhere these processing terms are explained. Not easily  
> Googleable. I could guess - but i'd sooner not do ;-)
>
> Product Store Payment Settings For: OFBiz E-Commerce Store [ID:9000]
> New Product Store
> Payment Method Type
> Service Type
> Credit Card
> Payment Authorization Service
> Credit Card
> Payment Capture Service
> Credit Card
> Payment Re-Authorization Service
> Credit Card
> Payment Refund Service
> Credit Card
> Payment Release Authorization Service
>
> CJ
>
> _______________________________________________
> Users mailing list
> [hidden email]
> http://lists.ofbiz.org/mailman/listinfo/users

 
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