Sales Draft – Payment Processing Term
Sales Draft Sales Draft: Paper documentation of a transaction View Glossary and Payment Processing Terms
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SSL – Payment Processing Term
SSL SSL: Secure Socot layer is used to encrypt online information. View Glossary and Payment Processing Terms
Recurring Billing – Payment Processing Term
Recurring Billing Recurring Billing: When a transaction is setup to happen on a regular schedual and is charged to cardholder ongoingly. View Glossary and Payment Processing Terms
Start Up Kit – Payment Processing Term
Start Up Kit Start Up Kit: Supplies provided to merchant after opening a new account. View Glossary and Payment Processing Terms
Telephone Bill Payment – Payment Processing Term
Telephone Bill Payment Telephone Bill Payment: Payment service allowing customers to pay bills over the phone. A customer givers permission to the biller to debit to their bank account directly. View Glossary and Payment Processing Terms
Receipt – Payment Processing Term
Receipt Receipt: A physical copy of the transaction from the point of sales location. Reciepts can include date, merchant name/location, primary account number, type of account accessed, amount, reference number, and an action code. View Glossary and Payment Processing Terms
PIN (Personal Identification Number) – Payment Processing Term
PIN (Personal Identification Number) PIN (Personal Identification Number): A code used by a card holder to verify card ownership at point of sale. View Glossary and Payment Processing Terms
PIN Authorization Request – Payment Processing Term
PIN Authorization Request PIN Authorization Request: The card issuer verifies the cardholder identity by the PIN. View Glossary and Payment Processing Terms