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Encryption – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

Encryption Encryption: The action of encoding data automatically in the point of sale system prior to being transmitted. View Glossary and Payment Processing Terms

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EMV – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

EMV EMV: EMV is a type of payment technology used in smart payment cards and terminals. “EMV cards are smart cards (also called chip cards or IC cards) that store their data on integrated circuits in addition to magnetic stripes (for backward compatibility).” 1. Wikipedia View Glossary and Payment Processing Terms

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Electronic Funds Transfer (EFT) – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

Electronic Funds Transfer (EFT) Electronic Funds Transfer (EFT): A transfer of funds done automatically utilizing an electronic system. View Glossary and Payment Processing Terms

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Electronic Commerce (E-commerce) – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

Electronic Commerce (E-commerce) Electronic Commerce (E-commerce): Business that is transacted electronically instead of other methods such as paper View Glossary and Payment Processing Terms

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Electronic Bill Payment (E-pay) – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

Electronic Bill Payment (E-pay) Electronic Bill Payment (E-pay): Bill payments made using electronic checks instead of paper checks. View Glossary and Payment Processing Terms

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Electronic Banking – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

Electronic Banking Electronic Banking: Commonly known as internet banking or Online banking. It is a form of banking in where funds are transferred through an exchange of electronic signals instead of cash, checks or other negotiable instruments. View Glossary and Payment Processing Terms

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E-Check – Payment Processing Term

Toasty — Sat, 16 Mar 2019 22:39:03 +0000

E-Check E-Check: It is an electronic check that is used in the same as a paper check. View Glossary and Payment Processing Terms

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