Authorization and settlement features

Document created by brett on May 10, 2016Last modified by gjsissons on Jun 10, 2016
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Developers can take advantage of the following authorization and settlement features on Vantiv’s enterprise payment platform:


  • Contactless / Near Field Communication (NFC), also known as “tap” technology
  • Cardholder Activated Terminals (CAT) or kiosks – for compliance with regulations around unattended purchases
  • Partial authorizations - when there are insufficient funds available to authorize the requested amount of a purchase
  • IIAS – FSA – support for specialized account types including Flexible Spending Accounts (FSAs) and health savings accounts for merchants with an Inventory Information Approval System (IIAS).
  • Visa Debt Repayment – support for merchants participating in Visa’s Debt Repayment Program.
  • Draft locator ID
  • Foreign currency pricing
  • Dynamic currency conversion
  • Level 2 card data – allows additional information to be attached to card transactions for commercial and government card holders for better interchange rates
  • Level 3 card data – additional information fields required for business to business or business to government card transactions for better interchange rates
  • Verified by VISA, MasterCard Secure – additional security levels offered by card brands to further authenticate transactions and to help reduce fraud
  • Soft descriptors – transaction specific billing descriptors visible on a customer credit card bill to reduce in incidence of chargebacks
  • Signature capture – electronic signature capture technology, typically used with debit transactions
  • Quasi cash – referring to transactions directly convertible to cash including gaming chips or travelers checks
  • Recurring payments
  • Bill payments
  • Installment payments
  • Convenience fees
  • Incremental authorizations – re-authorizations of payments exceeding initial authorization amounts by a threshold amount
  • Tokenization – A security strategy where sensitive cardholder data is converted to low value tokens that can be safely stored by a merchant
  • Voltage encryption – A security point-to-point encryption technology for payment processors and device manufacturers developed by Hewlett Packard
  • DUKPT encryption – Derived Unique Key Per Transaction (DUKPT) typically used to encrypt PIN data acquired by point of sale devices
  • EMV – stands for Europay, MasterCard Visa, a technical standard for securing payment cards.


Settlement related options are:


  • Batch
  • Terminal capture
  • Host capture


Details of features above and how they are implemented will depend on your integration method. Please contact a Vantiv integration consultant for assistance choosing the best integration method.


Next: learn about Integration options and tools or learn about other Platform features for enterprise applications.