Tag Archives: M

MOTO   MOTO: MOTO is short for Mail Order Telephone Order View  Glossary and Payment Processing Terms

Merchant Number   Merchant Number: The number that identifies the merchant account. View  Glossary and Payment Processing Terms

Merchant Agreement   Merchant Agreement: A contract between the merchant and the credit card processing company the explains the rights, roles and responsibilities. View  Glossary and Payment Processing Terms

Merchant   Merchant: retailer, person, or company that accept credit cards, debit cards, or both. View  Glossary and Payment Processing Terms

Magnetic Stripe   Magnetic Stripe: A stripe on a payment card that has information about the card and cardholder. View  Glossary and Payment Processing Terms

Magnetic Information Character Recognition (MICR)   Magnetic Information Character Recognition (MICR): The banking numbers on the bottom of a check. View  Glossary and Payment Processing Terms