PCI Non-Validation Fee – Payment Processing Term
PCI Non-Validation Fee PCI Non-Validation Fee: Merchants that do not complete PCI validation form are charged a PCI NON-Validation Fee View Glossary and Payment Processing Terms
Category Archives: glossary
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Outlet – Payment Processing Term
Outlet Outlet: A single retail location of a chain. View Glossary and Payment Processing Terms
MOTO – Payment Processing Term
MOTO MOTO: MOTO is short for Mail Order Telephone Order View Glossary and Payment Processing Terms
Merchant Number – Payment Processing Term
Merchant Number Merchant Number: The number that identifies the merchant account. View Glossary and Payment Processing Terms
Merchant Agreement – Payment Processing Term
Merchant Agreement Merchant Agreement: A contract between the merchant and the credit card processing company the explains the rights, roles and responsibilities. View Glossary and Payment Processing Terms
Merchant – Payment Processing Term
Merchant Merchant: retailer, person, or company that accept credit cards, debit cards, or both. View Glossary and Payment Processing Terms
Magnetic Stripe – Payment Processing Term
Magnetic Stripe Magnetic Stripe: A stripe on a payment card that has information about the card and cardholder. View Glossary and Payment Processing Terms
Magnetic Information Character Recognition (MICR) – Payment Processing Term
Magnetic Information Character Recognition (MICR) Magnetic Information Character Recognition (MICR): The banking numbers on the bottom of a check. View Glossary and Payment Processing Terms