ACH / Automated Clearing House ACH / Automated Clearing House: ACH stands for Automated Clearing House. An ACH transaction is an electronic payment sent between banks. ACH transactions are done on Automated Clearing House network. View Glossary and Payment Processing Terms
AMEX AMEX: Is short for American Express. The American Express Company is an international financial service business. Amex provides financial services such as banking, credit cards, travel, business, corporate cards and more. View Glossary and Payment Processing Terms
Account Number Account Number: The number associated with a cardholder account. The account number provides identifiable information about the card holder, card provider and card type. View Glossary and Payment Processing Terms
Acquiring Bank/Merchant Bank Acquiring Bank/Merchant Bank: An acquiring bank provides accounts to merchants to accept credit cards. They complete the transaction between card holders and your bank that receives the deposit. View Glossary and Payment Processing Terms
Adjustments Adjustments: An adjustment is used to make to correction to a transaction, typically a processing dispute or error. The adjusted funds will be debited from merchant account and returned. View Glossary and Payment Processing Terms
Affinity Card Affinity Card: A type of credit card or debit card belonging to a specific organization or group that is only available to members. View Glossary and Payment Processing Terms
Associations / Card Brands Associations / Card Brands: These are reference terms relating to the major credit card brands including Visa, MasterCard, American Express and Discover. View Glossary and Payment Processing Terms
ATM Debit Card ATM Debit Card: ATM stands for Automated Teller Machine. ATM Debit Cards are a type of payment card that is linked to a bank account. When atm cards are used funds will be authorized in real time and debited from the atm debit card bank account. View Glossary and Payment Processing […]