Category Archives: glossary

PIN Pad   PIN Pad: A device that cardholders use to enter there PIN. View  Glossary and Payment Processing Terms

Payment Gateway   Payment Gateway: A software that enable ecommerce and handle payment transactions electronicly. It is similar to a terminal but it is digital. View  Glossary and Payment Processing Terms

Point of Sale (POS)   Point of Sale (POS): The merchant location that sales transaction take place at. View  Glossary and Payment Processing Terms

Point-of-Sale System   Point-of-Sale System: A electronic system that accepts card payments and delivers transaction data to various networks. It is used in retail locations for selling products and services. View  Glossary and Payment Processing Terms

POS Terminal   POS Terminal: A device located at a merchant location that accepts card payments electronically and is connected to bank View  Glossary and Payment Processing Terms

Prepaid Cards   Prepaid Cards: A debit card that is reloadable or non reloadable and the card hold can spend the cash value of the amount on the card. View  Glossary and Payment Processing Terms

Processor   Processor: A company that provides payment services, that clears and settles payments. View  Glossary and Payment Processing Terms

PCI-DSS   PCI-DSS: The Payment Card Industry Data Security Standard is an information security standard for organizations that handle branded credit cards from the major card schemes. The PCI Standard is mandated by the card brands and administered by the Payment Card Industry Security Standards Council. https://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Security_Standard View  Glossary and Payment Processing Terms