Pannovate’s Ledger Services engine allows programmes to manage and control the authorisation decision
process. Pannovate’s Ledger engine maintains the card balance information and participate in
transaction authorisation by approving or declining the debit/credit of the corresponding card accounts.
Upon a transaction event, Pannovate’s Ledger would respond with advice to the processor on whether
the transaction (excluding financials e.g. presentments) can be approved or declined
(taking into account the total balance impact of the transaction billing amount, fees and padding
when determining whether to approve the transaction) with a specific reason, and the processor
processes the advice and respond to the acquirer via the card scheme networks.
The authorisation decision process is in real time. Please note that the processor would still
perform conventional transaction and cardholder checks such as EMV data, PIN, CVV2.