Auto-Adjudication definition
Auto-Adjudication means that a purchase made with an Electronic Payment Card will be adjudicated, at the point of sale, through an inventory information approval system (IIAS), without the need for additional substantiation. It also permits Auto-Adjudication of certain transactions at merchants with health care-related merchant category code (MCC), defined by IRS Revenue Ruling 2004-43.
Examples of Auto-Adjudication in a sentence
Auto-Adjudication must be used to make a near-real-time determination to approve, deny or pend a request for prior authorizations where possible.