Positive Authorization

Positive Authorization
A system used to authorize retail purchases. Positive authorization compares all non-cash transactions against bank customer files for approval. Transactions that come back as delinquent are rejected.

Positive authorization is a stricter form of credit approval than negative authorization. Positive authorization can reject a customer who has merely temporarily exceeded his limit. Negative authorization rejects only those who are genuinely delinquent cardholders.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Negative Authorization — A credit card approval system that compares a credit card number to a list of canceled, lost, stolen and closed account numbers. If the number is not on one of these lists, the transaction will be approved. Negative authorization is considered… …   Investment dictionary

  • affirmative authorization — A positive declaration of authority rather than authorization by implication. A boom in a river authorized and constructed in the manner required by statute is within the exception of a Federal act prohibiting obstructions in navigable streams… …   Ballentine's law dictionary

  • PAR — • Positive Acknowledge with Retransmission Methode zur beschleunigten Fehlerkorrektur bei Datenübertragungen • Performance Analysis and Review • Perimeter Acquisition Radar • Precision Approach Radar Luftfahrt • Project Authorization Request… …   Acronyms

  • Don't ask, don't tell — DADT redirects here. For the television syndication company, see Disney ABC Domestic Television. For other uses, see Don t ask, don t tell (disambiguation) …   Wikipedia

  • Military Affairs — ▪ 2009 Introduction        Russia and Georgia fought a short, intense war in 2008, fueling global fears of a new Cold War. On August 7 Georgia launched an aerial bombardment and ground attacks against its breakaway province of South Ossetia.… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • United States Code — A few volumes of Title 11 (Bankruptcy) of the United States Code Annotated (U.S.C.A.) at a law library. The Code of Laws of the United States of America[1] (variously abbreviated to Code of Laws of the United States, United States Code, U.S. Code …   Wikipedia

  • environment — environmental, adj. environmentally, adv. /en vuy reuhn meuhnt, vuy euhrn /, n. 1. the aggregate of surrounding things, conditions, or influences; surroundings; milieu. 2. Ecol. the air, water, minerals, organisms, and all other external factors… …   Universalium

  • Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… …   Universalium

  • ZIONISM — This article is arranged according to the following outline: the word and its meaning forerunners ḤIBBAT ZION ROOTS OF ḤIBBAT ZION background to the emergence of the movement the beginnings of the movement PINSKER S AUTOEMANCIPATION settlement… …   Encyclopedia of Judaism

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”