Payments

Nayax introduces incremental authorization for EMV compliant multi-vend transactions

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February 2, 2022

Nayax Ltd., a global commerce enablement and payments platform designed to enable retailers to provide consumers with digital, cashless, connected commerce experiences, has introduced incremental authorization for EMV-compliant multi-vend transactions for food and beverage vending operators in the U.S., according to a press release.

Incremental authorization allows multiple product selections at a machine with a single transaction, but unlike traditional multi-vend, the initial pre-authorized amount is only for the lowest priced item in the machine versus what is typically the highest total transaction amount, and the transaction compliantly settles for the final amount.

The company believes incremental authorization will generate greater revenue potential for Nayax operator customers by making it easier for consumers to quickly purchase more with each transaction.

Incremental authorization transaction flows are commonly found in many industries, including fuel and parking. By incrementally adjusting a lower authorized amount upward to the final settlement price, it lessens the previous issues associated with multi-vend transactions that created overdrafts and confusion for consumers.

The incremental authorization flow is available for tap and insert EMV credit card transactions on multi-vend capable food and beverage machines enabled with a Nayax VPOS Touch.

Additionally, since incremental authorization eliminates the high pre-authorization holds that lead to negative consumer experiences, operators benefit from reduced chargebacks and fewer unhappy customer service calls due to what are often perceived as overcharged purchases appearing as pending transactions on consumers' credit card statements.