Credit card terminals have this option, which may be called “Auth Only,” which generates an Approval Authorization Code if successful, and can later be used with a Forced Sale to complete the transaction. also called Prior Authorized Sale. Prior Authorized Sale another name for Preapproval Authorization. Processing Integrity Fee, PIF EMV Terminals. Effective October 1, 2015, all merchants must accept EMV (Chip & Pin) credit cards or will be liable for ALL fraud conducted at their business. This is a major shift in the liability of fraud to merchant who do not accept EMV (Chip & Pin) credit cards.
Excel chapter 2 grader project video 4