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PCI Compliance

This indicates that a financial institution is meeting the requirements of the Payment Card Industry Data Security Stan [...]

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Payment Card

A term that can be used in reference to credit cards, debit cards, prepaid card and EBT cards, the indicator payment ca [...]

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Funding

An electronic transaction presented to a bank for payment is paid through a process called funding. When a merchant is [...]

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Processor

An organization that provides authorization and settlement of financial transactions on behalf of its members, a proces [...]

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Payvision

An independent payment solution provider that specializes in global card payments for the ecommerce marketplace, Payvis [...]

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POS System

Used to complete most kinds of transactions in public sales locations like stores, gas stations and restaurants, a POS [...]

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Point of Sale (POS)

Very simply the place where goods are retailed, the point of sale is where the world’s in-person credit card and othe [...]

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Payment Environment

The payment environment is the collective term for all the manual and automatic processes involved in completing a paym [...]

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Merchant Agreement

The merchant agreement is the entirety of the agreement between a merchant and an acquirer and spells out in great deta [...]

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Force Transaction/Voice Authorizations

Also called a post auth or prior sale transaction, a force transaction is one for which the merchant gets a voice autho [...]

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Dunning Management

Part of a recurring billing solution’s ability to manage credit card payment declines, dunning management services ma [...]

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Deposit Account

Any sort of account where a customer makes deposits and withdrawals is classified as a deposit account, including check [...]




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