What is Action 'VO' (Verify Only) in Paymentech Authorization template?
(Doc ID 1297117.1)
Last updated on NOVEMBER 04, 2019
Applies to:Oracle Payments - Version 12.1.1 and later
Information in this document applies to any platform.
IBY_PTK_O_7_2_en.rtf version 120.3.12010000.5 provides an option for $0 authorization for account verification. In the FundsCaptureOrder section of the template, starting at position 82, I see the following:
(OrderAmount/Value) = 0 THEN ‘VF’
ELSIF (LENGTH(PayerCreditCard) > 0) THEN ‘AU’
ELSIF (LENGTH(PayerDebitCard) > 0) THEN ‘PA’
ELSIF (LENGTH(PayerBankAccount) > 0) THEN ‘VO’
And the corresponding Comments are:
AU = Authorize
PA = Purchase Authorization
VO = Verify Only
VF = Account Verification
We know that in the case of 'VF' the system will perform an authorization for $0, however we need some further information regarding 'VO'.
Regarding the Action Code 'VO', in the case of Bank Account Transfer, will it authorize the transaction amount in customer's bank account and hold it till settlement?
For ACH transactions, if there is no blocking of money during the Auth step (when record type 31 is created in IBY_TRXN_SUMMARIES_ALL), then:
1. At what point will the money be blocked?
2. Will it happen after we send the settlement file to Paymentech or is there any further delay?
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