Search Forum Home   DotNetNuke  CATALooK.netStore  Prepaid Gift ca...  Prepaid Gift card requirements    5/20/2010 2:58:26 AM HMMDan 1 posts Prepaid Gift card requirements Received this from authorize.net - will these requirements be added to CATAlook prior to the deadline? MasterCard's rule changes go into effect May 1, 2010, and Discover's rule changes go into effect April 16, 2010. However, Authorize.Net, MasterCard and Discover have worked together to extend these dates for all merchants using Authorize.Net solutions. Our merchants will now have until June 30, 2011, to implement support for the requirements within their systems. What are the requirements? MasterCard and Discover are requiring that all merchants support the following: + Balance response transactions — For prepaid and gift cards, once the card has been used, the remaining account balance will be transmitted along with the authorization response. The remaining balance must be printed on the customer receipt, displayed on the Web page or point-of-sale terminal, or both. + Partial authorization transactions — When a customer's transaction amount exceeds the balance available on their debit, prepaid or gift card, instead of declining the transaction, a partial authorization for the amount available to the customer will be returned. This will allow the customer to pay for the remaining amount with another form of payment. This is called a split-tender transaction. + Authorization reversals — An authorization reversal is a real-time transaction initiated when the customer decides that they do not want to proceed with the transaction, or if the merchant cannot complete the transaction for any reason. Authorization reversals free up the customer's available balance on their debit, prepaid or gift card.  Page 1 of 1   DotNetNuke  CATALooK.netStore  Prepaid Gift ca... Flat View Tree View Oldest To Newest Newest To Oldest