Zero-Floor Limit

(redirected from Zero Floor Limit)

Zero-Floor Limit

In retail transactions, a system in which a bank card will not be authorized to make a purchase if it would result in an overdraft. A zero-floor limit system also checks for past due accounts.
References in periodicals archive ?
PrePay Technologies' host-based platform authorise transactions on a real-time basis with zero floor limit and fits existing card acceptance processes with secure multi-channel processing.
Real-time authorization and zero floor limit, which limits
Online, real-time authorizations, zero floor limits and industry-leading data security standards and audits help minimize losses from fraud.