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Authorization Code

   Also found in: Encyclopedia 0.01 sec.
Authorization Code
A code a financial institution submits electronically to a merchant stating that it approves of an attempted purchase with a debit card or credit card issued by that institution.


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Many of these measures included encryption programs, authorization codes, and even activation protocols which make the iPhone simply unusable when other SIM cards (from unauthorized providers) are inserted into its tray.
Retailers that choose to participate would only have to keep a transaction authorization code and a truncated receipt without the customers' full credit card number.
Again, the radiologist required an authorization code, and again in pursuit thereof we had to deal with the incompetent Nancy, or, more properly, her voicemail for another two weeks.
 
 
 
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