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 […]

Average Ticket   Average Ticket: The average transaction amount of all sales over a specified amount of time. View  Glossary and Payment Processing Terms

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

Authentication   Authentication: Credit card authentication is when a customer’s credit card is verified with the credit card issuing company. View  Glossary and Payment Processing Terms

ATM Debit Card   ATM Debit Card: ATM stands for Automated Teller Machine. ATM Debit Cards are a type of payment card that is linked to a bank account. When atm cards are used funds will be authorized in real time and debited from the atm debit card bank account. View  Glossary and Payment Processing […]

Associations / Card Brands   Associations / Card Brands: These are reference terms relating to the major credit card brands including Visa, MasterCard, American Express and Discover. View  Glossary and Payment Processing Terms

Affinity Card   Affinity Card: A type of credit card or debit card belonging to a specific organization or group that is only available to members. View  Glossary and Payment Processing Terms