Tag Archives: C

Credit Card   Credit Card: A credit card is plastic card that is issued to card holders with a line of credit that can be used to purchase good and services. View  Glossary and Payment Processing Terms

Credit Card Processing   Credit Card Processing: The electronic process of a payment transaction using a credit card. The credit card processing transaction is verified and is accepted or declined. If it is accepted after authorization the payment is completed.. View  Glossary and Payment Processing Terms

Credit Limit   Credit Limit: The maximum amount that can be borrowed by a card holder. View  Glossary and Payment Processing Terms

Credit Account   Credit Account: An account that extends credit to make payments to the account holder based on the promise to pay it back. View  Glossary and Payment Processing Terms

Card Present   Card Present: View  Glossary and Payment Processing Terms

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

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   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