payment-authorization

Vocabulary Word

Definition

'Payment-authorization' is like giving someone permission to take money from your bank account or your card. It's like signing a form in the school office that allows them to charge you for a field trip.

Examples in Different Contexts

In online shopping, 'payment authorization' is required to ensure the buyer's credit card is valid. A web developer might say, 'We've integrated an automatic payment authorization system to streamline checkouts.'

Practice Scenarios

Tech

Scenario:

The latest app updates seem to have some compatibility issues. Users are reporting problems with the payments module.

Response:

I'll investigate the payment-authorization module code to sort out these compatibility issues.

Impact

Scenario:

The fundraising event was successful, and now we have a substantial sum to deposit. We must ensure proper requisitions for spending these funds.

Response:

It seems crucial for us to create a specific payment-authorization protocol for handling these funds wisely.