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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

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Card Present – Payment Processing Term

Card Present   Card Present: View  Glossary and Payment Processing Terms

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Card Not Present (CNP) – Payment Processing Term

Card Not Present (CNP)   Card Not Present (CNP): A transaction using a payment card where the cardholder and card are not physically present. An example is online sales. View  Glossary and Payment Processing Terms

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Card Issuer – Payment Processing Term

Card Issuer   Card Issuer: The financial services company that issues credit cards or bank cards to consumers and businesses. View  Glossary and Payment Processing Terms

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Capture Date – Payment Processing Term

Capture Date   Capture Date: The date when a transaction is processed by the aquirer. View  Glossary and Payment Processing Terms

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Business Type – Payment Processing Term

Business Type   Business Type: Merchants businesses categories are the following, Retail, Restaurant, Hotel, Mail Order / Telephone Order or internet. Merchants must select one. View  Glossary and Payment Processing Terms

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Batch – Payment Processing Term

Batch   Batch: A grouping of completed transactions that are waiting to be settled. This is done by batching out. View  Glossary and Payment Processing Terms

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Bankcard – Payment Processing Term

Bankcard   Bankcard: A payment card issued by a financial institution. These include credit cards and debit cards. View  Glossary and Payment Processing Terms

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