Way4 Release News

Limits on Credit Operations

Written by Guest User | October 15, 2018

<Enhancements to the existing product>

Now acquirers can limit the total amount authorized for a merchant’s credit transactions – e.g. casino payments, insurance payments, etc. This functionality ensures that merchants always have enough funds for credit transactions, while acquirers get more protection against fraud.

Before processing a credit transaction WAY4 checks the available balance. If the established limit has exceeded, all such operations will be rejected until the merchant funds are replenished.