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Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...
FBR & Co. (formerly known as Friedman, Billings, Ramsey Group [2]) was a capital markets firm headquartered in Arlington, Virginia.Founded in 1989 by Emanuel J. Friedman, Eric F. Billings, and W. Russell Ramsey, [2] the company provided investment banking, merger and acquisition advisory, institutional brokerage, and research services [3] through its subsidiaries FBR Capital Markets & Co. and ...
The Metropolitan Washington Airports Authority (MWAA) is an independent airport authority, created with the consent of the United States Congress to oversee management, operations, and capital development of the two major airports serving the U.S. national capital: Ronald Reagan Washington National Airport and Washington Dulles International Airport.
The organization's primary functions encompass expanding the tax base, accessing significant databases, cross-referencing data with master indices and tax profiles, managing complaints referred by the Chairman FBR under the FBR Act, conducting financial investigations, and discreetly gathering information concerning all tax-related matters. [2]
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It is designed to expedite travel cross the US-Canada border and makes use of biometric authentication technology, specifically "iris recognition biometric technology". [6] It permits pre-approved members of the program to use self-serve kiosks at airports, reserved lanes at land crossings, or by phoning border officials when entering by water.
Online Authorization (OLA) is a system used to verify a transaction on a payment card (e.g. credit card). [1] The term 'on-line' refers to the real-time nature of the verification. In other words, if the account is overdrawn, in most cases, the transaction will be refused.