Credit Card Processing Terminology

Encyclopedia Of Terminology For The Acquiring Industry
Encyclopedia of Terminology for the Acquiring Industry 9 Account Maintenance: For both the card issuer and the card acquirer, the operation involving nondollar changes to the database, such as name, address, and checking account changes, product profiles, billing information, and rate changes. ... Read Here

What Does Merchant Settlement Mean? - YouTube
Authorization, capture & settlement total merchant concepts. Settled, the merchant cannot cancel that does not intend to collect transaction corresponding submission, clearing and settlement of ... View Video

Mechanics Of An Electronic Payment - YouTube
Coupled with the terminology and vendor ecosystem details learned in Boot Camp #1, ROI Payments will increase your Payments IQ with the business benefits and technical capabilities of each payment ... View Video

Www.admin.ox.ac.uk
‘Card terminal’ is the official terminology for the hand-held or desktop terminal, into which a card is inserted, and together with the entry of the customer’s personal identification number (PIN) submits the transaction for validation and processing. ... Return Doc

Visa Smart Debit/Credit And Visa PayWave
This guide is provided on an "as is,” “where is,” basis, “with all faults” known and unknown. to the maximum extent permitted by applica ble law, visa explicitly ... Retrieve Doc

ELECTRONIC VALUE TRANSFER CONTRACT (EVT) GLOSSARY OF TERMS
Credit card processing fees that combine Visa and MasterCard interchange and assessment rates (Blended Rates) and financial services provider's fees (Bundled Fees) into a single rate. Cardholder The person to whom a credit card is issued. The cardholder uses a payment card that has been granted by an issuer. ... Document Viewer

Payment Terminal - Wikipedia
Processing credit card terminal with a visa card inserted. A payment terminal , also known as a point of sale terminal , credit card terminal , EFTPOS terminal (or a PDQ terminal which stands for "Process Data Quickly" [1] ), is a device which interfaces with payment cards to make electronic funds transfers . ... Read Article

Mobile Application User Guide - Credit Card Processing Services
Stripe card, you can attempt to swipe the credit card now. Swipe the card through the slot at the front of the reader, with the magnetic stripe facing the back. Dip Successful The chip card has been recognized by the reader. You can ... Read More

Getting Started With Online Payments - Treasury Operations
Processing fee charged to each payment by the credit card processors covering the cost of processing transactions. This fee varies between 2% and 2.5% of the transaction amount. ... Access Full Source

GLOSSARY OF TERMS RELATED TO PAYMENT, CLEARING AND SETTLEMENT ...
Glossary of terms related to payment, clearing and settlement systems December 2009 Card with a cash function: a card enabling the cardholder to withdraw cash from a cash dispenser and/or deposit cash. The cash function is usually combined with a payment function. See also cash card. Card with a credit function: see credit card. ... Return Doc

Card Acceptance Policies | Procedures | Terms & Conditions
Credit and debit card processing. That’s why we developed and adhere to – The Merchant Bill of Rights, a public advocacy initiative that educates business owners about the complexities of card processing and managing the associated costs. ... Fetch Content

Review Of The Impact Of Australian Payments Reforms
1.4 Terminology Card Scheme A card association or an entity that manages the rules, procedures and the brand of a card payment system (e.g. American Express, Discover, Visa, MasterCard and Star) Debit card Where the term "debit cardis used in this document" it refers to all debit cards in the market ( i.e. EFTPOS + scheme debit cards) unless ... Read Content

EMV: A To Z (Terms And Definitions) - First Data
Card Security Code Codes either written on the payment card magnetic stripe or printed on the card that are used by the financial payment brands for credit, debit and prepaid transactions to protect against card fraud. ... Return Doc

Oracle Payments User's Guide
6 Credit Card Processing Analytics Welcome to Release 12 of the Oracle Payments User's Guide. • Computer desktop application usage and terminology If you have never used Oracle Applications, we suggest you attend one or more of the ... View Document

Credit card - Wikipedia
A credit card register is a transaction register used to ensure the increasing balance owed from using a credit card is enough below the credit limit to deal with authorization holds and payments not yet received by the bank and to easily look up past transactions for reconciliation and budgeting. ... Read Article

Dispute (credit card) - Wikipedia
In a credit card or debit card account, a dispute is a situation in which a customer questions the validity of a transaction that was registered to the account. Customers dispute charges for a variety of reasons, including unauthorized charges , excessive charges, failure by the merchant to deliver merchandise, defective merchandise ... Read Article

AR Reference Guide V5.2 Rev1 - SedonaOffice
Note: If a credit card or another bank account was setup on this customer’s account and is marked as Use for Auto Processing and the User selects this bank account to be used for auto processing, the other credit card or bank auto processing flag will be removed when this new bank record is saved. ... Access Document

Glossary With Examples --- - Federal Reserve System
Savings account and a credit card with your institution. Please report 1 consumer account with a balance of $3,500. Transaction deposit accounts (including demand deposit accounts) = Consumer deposit accounts (item 6a) + Business/government deposit accounts (item 6b). 6a) Consumer accounts Please refer to the General Terminology ... Fetch Content

Key Payments Terminology - Glenbrook.com
Key Payments Terminology CU Credit Union CVC Card Verification Code Cards CVC2 Card Validation Check Value Cards STP Straight Through Processing Suica A prepaid smart card used for most public transport in Japan SVPCo Small Value Payments Company ... Access Content

Convenience Fees - PayGOV.US
Convenience Fees” in addition to addressing specific differences by card brand and special circumstances under which specific merchants (based on the Merchant Category Code – MCC) may handle fees differently on a pilot basis. ... Read Here

Mutual Fund Terminologies - NFO, SIP, SWP, STP, SWITCH ...
Mutual Fund Terms NFO - New Fund Offer STP Systematic Transfer Plan SWP Systematic Withdrawal Plan Switch - Switching from one fund to another, Folio - Account number for investor Redemption ... View Video

TERMS & CONDITIONS OF MERCHANT AGREEMENT 1. GENERAL.
The credit card processing services provided hereunder to Merchant consist of authorization and electronic draft capture of such payment transactions, outclearing of such transactions to the appropriate payment network and/or issuers (e.g., Visa, MasterCard, ... Access Doc