Acquiring
Capture
The step where an authorised transaction is submitted for settlement, converting a hold into a cleared debit against the cardholder's account.
Related terms
Authorisation
Real-time issuer check confirming a card is valid and funds are available; results in an approval code, decline, or referral response.
Clearing
The scheme process reconciling captured transactions between acquirer and issuer, producing the net position that settles between banks.
Settlement
The transfer of funds from the acquirer to the merchant's bank account, net of fees and reserves.
Related guides.
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