What is the minimum data required to authorize a credit card transaction?

Asked Dec 6, 2012· 1 answer
Faisal KhanAnswered Dec 6, 2012
Yes, it is still possible to obtain an authorization without the name. This is what is done when your mag stripe does not work, and merchants use the POS terminal to key in your data manually (name is not required), CVV optional.

Today, the bare minimum information needed to conduct a transaction is:

  • Card Number
  • Expiration Date
  • Amount
Card Authorization
Related in Card Networks and Card Issuing
How can I build my own payment gateway and get Visa and Mastercard approval without affiliating with banks or third parties?1 ansWhen a credit card company says it “processes” a transaction, what does that include, and does it involve fraud or legitimacy checks?1 ansIf Bank A’s debit card can withdraw cash at Bank B’s ATM, how does that work without banks sharing sensitive account data?1 ansCan you walk through the full credit-card payment flow from the payment terminal and swipe to the issuing bank returning an authorization code?1 ans