When a consumer makes a purchase using their debit card, the transaction is sent to the merchant's payment processor. The payment processor then sends the transaction details to the consumer's bank for verification.
The bank checks the transaction against the available funds and the consumer's transaction history to determine if the transaction is valid. If you are looking for the best debit card substantiation, you can explore this link.
If the transaction is valid, the bank authorizes the payment and sends a message back to the payment processor, confirming the transaction.
During this process, the consumer's bank may also apply any necessary fees or deduct the purchase amount from the available balance in the consumer's account.
Overall, this verification process ensures that the consumer's funds are protected and that only authorized transactions are processed. It helps to prevent fraudulent activities and provides a secure way for consumers to make purchases using their debit cards.
When a consumer uses their debit card to make a purchase, the transaction goes through several steps to ensure its validity and security. First, the transaction is sent to the merchant's payment processor, which acts as an intermediary between the merchant and the consumer's bank.
The payment processor then forwards the transaction details to the consumer's bank for verification. The bank reviews the transaction by checking the available funds in the consumer's account and their transaction history.
If the transaction is deemed valid, the bank authorizes the payment and sends a confirmation message back to the payment processor.
