Bankcard – Payment Processing Term
Bankcard Bankcard: A payment card issued by a financial institution. These include credit cards and debit cards. View Glossary and Payment Processing Terms
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Batch – Payment Processing Term
Batch Batch: A grouping of completed transactions that are waiting to be settled. This is done by batching out. View Glossary and Payment Processing Terms
Business Type – Payment Processing Term
Business Type Business Type: Merchants businesses categories are the following, Retail, Restaurant, Hotel, Mail Order / Telephone Order or internet. Merchants must select one. View Glossary and Payment Processing Terms
Capture Date – Payment Processing Term
Capture Date Capture Date: The date when a transaction is processed by the aquirer. View Glossary and Payment Processing Terms
Card Issuer – Payment Processing Term
Card Issuer Card Issuer: The financial services company that issues credit cards or bank cards to consumers and businesses. View Glossary and Payment Processing Terms
Card Not Present (CNP) – Payment Processing Term
Card Not Present (CNP) Card Not Present (CNP): A transaction using a payment card where the cardholder and card are not physically present. An example is online sales. View Glossary and Payment Processing Terms
Authentication – Payment Processing Term
Authentication Authentication: Credit card authentication is when a customer’s credit card is verified with the credit card issuing company. View Glossary and Payment Processing Terms
ABA Routing Number – Payment Processing Term
ABA Routing Number ABA Routing Number: A nine digit number that is used on checks to identify the bank that the account is from. “The ABA RTN was originally designed to facilitate the sorting, bundling, and shipment of paper checks back to the drawer’s (check writer’s) account. As new payment methods were developed (ACH […]