Glossary
Real-Time Processing
Real-time processing in the context of financial transactions refers to the immediate handling and authorization of transactions as they occur. This type of processing is crucial in environments where instant transaction approval is necessary, such as in retail stores, restaurants, and online shopping platforms. Real-time processing ensures that each transaction is analyzed and either approved or declined within seconds, facilitating a smooth and efficient customer experience.
Key Aspects of Real-Time Processing:
Benefits for Merchants and Customers:
Real-time processing is an essential component of modern commerce, supporting dynamic business environments and meeting the expectations of customers who demand instant and reliable transaction handling.