Card Verification Code (CVC) – Payment Processing Term
Card Verification Code (CVC) Card Verification Code (CVC): CVC is the data encoded on the magnetic stripe of a MasterCard card. View Glossary and Payment Processing Terms
Category Archives: glossary
Continue reading
Card Verification Value (CVV) – Payment Processing Term
Card Verification Value (CVV) Card Verification Value (CVV): CVC is the data encoded on the magnetic stripe of a VISA card. View Glossary and Payment Processing Terms
Cardholder – Payment Processing Term
Cardholder Cardholder: The person who is issued a payment card by a card issuer. Additional users can be added as authorized card holders. View Glossary and Payment Processing Terms
Cash Advance – Payment Processing Term
Cash Advance Cash Advance: Money advanced to a card holder from a line of credit provided by an ATM or Bank Teller. View Glossary and Payment Processing Terms
Authorization – Payment Processing Term
Authorization Authorization: Authorizations are done to make sure funds are available for the card holder to use. When the Authorization is complete the credit line is reduced and allow the transactions to be approved. View Glossary and Payment Processing Terms
Average Ticket – Payment Processing Term
Average Ticket Average Ticket: The average transaction amount of all sales over a specified amount of time. View Glossary and Payment Processing Terms
AVS / Address Verification Service – Payment Processing Term
AVS / Address Verification Service AVS / Address Verification Service: The Address Verification System (AVS) is a system used to verify the address of a person claiming to own a credit card. The system will check the billing address of the credit card provided by the user with the address on file at the […]
Bank Routing Number – Payment Processing Term
Bank Routing Number Bank Routing Number: The nine digit sequence on a check that identifies the issuing bank. View Glossary and Payment Processing Terms