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leverage transaction authorized under section 23 of this title.
Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device, with each transaction authorized via a one-time unique dynamic security code.
Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device, with each transaction authorized via a one-time unique dynamic security code.
Similar to a traditional transaction which involves an authorization process and then a settlement at the end of the day, a user paying with bitcoin would have their transaction authorized with Shift's assistance, and then at the end of the day, the money would be moved out of their Coinbase account.
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Spam-based profits could be significantly reduced if credit card-issuing banks refused to settle transactions authorized by these banks.
A subject can execute a transaction only if the transaction is authorized for the subjects active role: (5) ∀ s : subject, t : tran, exec s, t ⟶ t ∈ TA AR s.
Her employee informed her that the South African customer paid by credit card, and the transaction was "authorized" by the major bank Bari Jay uses to process its credit card transactions.
"Virtual cards are used like traditional plastic credit or debit cards, except that as soon as the transaction is authorized, the generated card number expires immediately.
This method assumes that each transaction is authorized online and the decision if PIN verification should be performed is being made by the Issuer based on various contextual factors (like Cardholder's reputation, place, and time of the transaction).
"Virtual cards are used like traditional plastic credit or debit cards, except that as soon as the transaction is authorized, the generated card number expires immediately.
Before that transaction is authorized, it is broadcast to a wide peer-to-peer network of computers, known as nodes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com