Appendix 3: Transaction Lifecyle Examples

A typical transaction goes through an event lifecycle, which reflects the status of the transaction. Below are examples of transaction lifeycles:

Example 1 - Typical authorisation and capture

Stage	Transaction	Description	Day (T)
1	Authorisation	Issuer authorised transaction payment amount	T0
2	Presentment	Acquirer captures the full authorised amount	T+1

Example 2 - Typical authorisation and refund

Stage	Transaction	Description	Day (T)
1	Authorisation	Issuer authorised transaction payment amount	T0
2	Presentment	Acquirer captures the full authorised amount	T+1
3	Authorisation	Issuer authorised transaction refund payment amount	Tn