Payment Processing Glossary of Terms

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Terms A – E | F – Z

 

F

Financial Institution
Funding

I

Interchange
Interchange Fee
Issuer/Issuing Bank

J

Japanese Credit Bureau (JCB)

M

Magnetic Information Character Recognition (MICR)
Magnetic Stripe
Merchant
Merchant Agreement
Merchant Number
MOTO

O

Outlet

P

PCI-DSS
PCI Non-Validation Fee
PIN (Personal Identification Number)
PIN Authorization Request
PIN Pad
Payment Gateway
Point of Sale (POS)
Point-of-Sale System
POS Terminal
Prepaid Cards
Processor

R

Receipt
Recurring Billing

S

Sales Draft
Settlement
Settlement Statement
Shopping Cart Software
Smart Card
SSL
Start Up Kit

T

Telephone Bill Payment
Transaction
Transaction Date
Transaction Fees