Transaction types

Learn common issuing transaction status types, their business meanings, and their fund impact.

Status categories

Issuing transaction statuses describe processing results across authorization, verification, posted, reversal, and refund stages. Different statuses affect whether a transaction continues, whether funds are held, whether an actual debit is created, and whether funds are later returned.

Authorization statuses

Authorization statuses indicate whether the transaction passed the initial authorization check and whether it continues to later posting.

StatusBusiness meaningFund impact
AUTHORIZEDAuthorization succeeded, and the transaction meets the basic conditions to continueThe corresponding amount is usually held
AUTH_FAILEDAuthorization failed, and the transaction did not pass checksNo valid hold or debit is created
REVERSEDAuthorization was reversed, and the original authorization does not continue to postingThe held amount is usually released

Card verification statuses

Card verification statuses confirm whether the card or card information can be used for binding or verification. They do not represent actual purchase transactions.

StatusBusiness meaningFund impact
VERIFIEDCard verification succeeded, and the card or card information passed verificationUsually no actual purchase debit is generated
VERIFY_FAILEDCard verification failed, and the card or card information did not pass verificationNo actual purchase debit is generated

Posted and refund statuses

Posted and refund statuses indicate whether the transaction has created a final accounting result and whether a later reverse fund adjustment occurred.

StatusBusiness meaningFund impact
POSTEDThe transaction has been posted and created an actual debit resultThe card balance or account funds are reduced by the posted amount
POSTED_FAILEDPosted failed, and the transaction did not create a final accounting resultThe original held amount is usually released or adjusted according to rules
REFUNDEDThe original transaction has been refundedThe corresponding amount is returned according to the refund result
REFUND_FAILEDThe refund failedThe original transaction fund result usually remains unchanged

Business type description

Issuing purchase transactions can usually be categorized by processing stage, such as authorization, card verification, reversal, posted, and refund. These types help distinguish the processing purpose, accounting status, and fund movement direction.

  • Authorization: Checks transaction availability and holds the corresponding amount after authorization succeeds
  • Card verification: Verifies whether the card or card information is valid and does not create an actual purchase debit
  • Reversal: Cancels the original authorization before posting and releases the held amount
  • Posted: Completes accounting confirmation and creates the actual debit result
  • Refunded: Initiates reverse fund processing based on the original transaction and returns part or all of the amount

Internal accounting entries or non-purchase fund movements belong to other fund management scenarios and are usually not described as purchase transaction types.

Reconciliation guidance

When reconciling transaction records, evaluate status type, transaction amount, posted amount, and fund movements together. Do not rely on a single status alone to confirm the final processing result.

  • To determine whether a transaction created an actual debit, focus on POSTED / POSTED_FAILED
  • To determine whether the authorized amount is still held, focus on AUTHORIZED / REVERSED
  • To determine whether a record is only used for card verification, focus on VERIFIED / VERIFY_FAILED
  • To determine whether funds were returned for the original transaction, focus on REFUNDED / REFUND_FAILED

The same transaction may go through multiple status changes, such as authorization, reversal, posting, or refund. During reconciliation, use the transaction lifecycle and fund movement records to confirm the final result.