Which of the following best describes 'Exceptions' in bank card transactions?

The concept of "Exceptions" in bank card transactions refers to transactions that are abnormal or questionable. This can include a range of situations, such as unusual transaction amounts, transactions originating from locations that are inconsistent with a cardholder's normal spending patterns, or when a transaction triggers specific fraud detection alerts.

When a transaction is categorized as an exception, it often requires additional scrutiny or validation to ensure its legitimacy. These exceptions might prompt the issuer to flag the transaction for further investigation, reach out to the cardholder for verification, or even decline the transaction until its authenticity is established.

In contrast, normal transactions that require no further validation are routine and do not raise any concerns, while sales promotions and discounts are marketing strategies and do not relate to transaction validation. Additionally, transactions that always get approved do not fall under the category of exceptions, as they do not invoke any questioning of their legitimacy. Thus, recognizing exceptions is critical for minimizing fraud risk and ensuring the security of card transactions.