Payment Types

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Quick Payment Service (QPS)

In places like fast food chains and movie theaters, merchants may use Quick Payment Service or QPS to speed up transact [...]

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Offline Payment Method/Offline Processing

Offline processing is the concept of recording credit card transaction information for later processing manually or in [...]

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Contactless Transaction

Done through the use of infrared technology or radio frequency, a contactless transaction is one that does not involve [...]

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Contact Transaction

Completed using a card in most cases, a contact transaction is one in which the card is either presented to a person [& [...]

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Chip-Based Transaction

Believed to provide increased transaction security, a chip-based transaction is one that is initiated by a chip embedde [...]

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Electronic Wallet/eWallet

The process of charging goods or services to an account without actually presenting the card but using a mobile devoice [...]

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Debit Card

A plastic card that can be used to purchase services or goods or to get cash from a deposit account. While these [&hell [...]

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Credit Card

A plastic card that allows for purchases when cash is not present, a credit card allows access to a revolving credit li [...]

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Recurring Payment

This kind of transaction made by a cardholder involves periodic payments on a regular basis like weekly, monthly or ann [...]

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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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Non Face-to-Face Transaction

When a card is not physically present, this constitutes a non face-to-face transaction. This can include mail order pur [...]

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E-pay (Electronic Bill Payment)

An alternative to using paper checks, e-pay allows consumers to have funds withdrawn for bills and other transactions b [...]




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