Card payments insights overview

Understanding card payment processes and using the tools available is crucial for businesses.

  • Payment lifecycle provides instant updates on transaction events, such as chargebacks, allowing for quick problem resolution and improved customer support.
  • Card tokenization improves payment security by replacing sensitive data with network tokens, reducing fraud risks and increasing authorization rates.
  • Mastercard Transaction Link Identifier (TLID) ties each merchant-initiated transaction to the original cardholder credential-on-file agreement, supporting scheme compliance and stronger issuer confidence.
  • ECI, AVS, and CVV codes provide detailed information about transactions, helping troubleshoot issues.
Payment lifecycle Manage card payments by tracking orders (customer requests) and transactions (cash flow) at various stages. Orders move from creation to final states, such as approval or refund. Card schemes tokenization Card tokenization feature implies replacing sensitive data with a secure network token using Visa and Mastercard services, allows for automatic updates, and improves authorization rates through VTS, MDES and SCOF. Mastercard TLID Mastercard Transaction Link Identifier (TLID) ties each merchant-initiated transaction to the original credential-on-file agreement. Solidgate handles TLID storage and passes them automatically in every related transaction.

Webhooks notify merchants of key real-time events such as refunds, cancellations, and chargebacks, helping optimize payment processes and manage risk.

AVS and CVV codes

Address Verification Service (AVS) and Card Verification Value (CVV) codes play a key role in reducing fraud in card-not-present transactions.

Together, these codes reduce fraud, enhance transaction security, and minimize chargebacks in card-not-present transactions.

ECI code

Electronic Commerce Indicator (ECI) values signify the authentication level of a transaction, influencing both the authorization process and the extent of liability protection afforded to it.

Understanding and correctly applying ECI codes is critical as it affects transaction risk management and determines liability for unauthorized charges.