Keeping Up With Growth

He gives the example of hotel registration.

“You authorize the credit card right away,” he says, “but you don’t want them to actually charge the card until you know exactly what’s going on it when you walk out the door. It’s a two-step process, so there are additional charges if the authorization and deposit don’t match up. Paymentech, which has been servicing the direct-sales industry for quite some time, has a really good handle on that kind of process.”