Electronic Bill Payment (E-pay) – Payment Processing Term
Electronic Bill Payment (E-pay) Electronic Bill Payment (E-pay): Bill payments made using electronic checks instead of paper checks. View Glossary and Payment Processing Terms
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Electronic Banking – Payment Processing Term
Electronic Banking Electronic Banking: Commonly known as internet banking or Online banking. It is a form of banking in where funds are transferred through an exchange of electronic signals instead of cash, checks or other negotiable instruments. View Glossary and Payment Processing Terms
E-Check – Payment Processing Term
E-Check E-Check: It is an electronic check that is used in the same as a paper check. View Glossary and Payment Processing Terms
Doing Business As (DBA) – Payment Processing Term
Doing Business As (DBA) Doing Business As (DBA): Another name for a legal entity that is used at the merchants location where credit card transactions take place. View Glossary and Payment Processing Terms
Discount Rate / Discount Fee – Payment Processing Term
Discount Rate / Discount Fee Discount Rate / Discount Fee: A merchant services expense for processing credit card transactions. View Glossary and Payment Processing Terms
Deposit Account – Payment Processing Term
Deposit Account Deposit Account: An account other then a credit account used for payment transactions such as checking and saving accounts. View Glossary and Payment Processing Terms
Encryption – Payment Processing Term
Encryption Encryption: The action of encoding data automatically in the point of sale system prior to being transmitted. View Glossary and Payment Processing Terms
EMV – Payment Processing Term
EMV EMV: EMV is a type of payment technology used in smart payment cards and terminals. “EMV cards are smart cards (also called chip cards or IC cards) that store their data on integrated circuits in addition to magnetic stripes (for backward compatibility).” 1. Wikipedia View Glossary and Payment Processing Terms