Why is authorization important before completing a payment?

Authorization is crucial before completing a payment primarily to prevent fraud and ensure accountability. When a transaction is authorized, it means that the payer has confirmed that they have the necessary funds and that the payment is legitimate. This step is essential in safeguarding both the payer and the payee against potential fraud, such as unauthorized transactions or identity theft.

Additionally, authorization helps maintain accountability by creating a record of the transaction that can be audited if necessary. It serves as a verification process that confirms not only the payer's intention but also the agreement between the parties involved in the transaction. This procedure builds trust in the payment system and ensures that all parties are protected throughout the transaction process.