Transactions

All transactions belong to one of four activity categories:

• Authorization/Settlement: a transaction that occurs over a card network's rails (system), such as when a cardholder initiates a purchase at a store.

• Payment: a transaction by which funds are moved into a customer account, originating with the Program API or with an external source such as a paycheck deposit.

• Adjustment: a transaction used to modify the customer balance for various operational purposes, either a credit or debit, originating with the Program API or a direct debit from outside the API, such as an ACH transaction.

• Fee: a transaction that charges a cardholder for a particular service, which may originate with the Program API or by an automated process.