FAST transaction interface

As a processor, Paymentology uses a Framework for Authorisation and Settlement Transmission FAST to transmit authorization and settlement data between:

• the relevant card scheme or network (i.e. Mastercard, Visa etc.)
• the Client (i.e. banks, card issuers etc.)

The FAST interface allows you to:

• participate in the Authorization process
• approve spend amounts
• apply additional controls and limits if required
• store transaction data

You can check the requested authorization amount (and other elements) against the account record for the card. You then decide to decline or approve the transaction, which is routed back via FAST to Banking.Live (Paymentology) for onward communication to the relevant card scheme or network.

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Clients are responsible for capturing all data fromFAST that you may later want to report on.

FAST guides