PIN (Personal Identification Number) PIN (Personal Identification Number): A code used by a card holder to verify card ownership at point of sale. View Glossary and Payment Processing Terms
PIN Authorization Request PIN Authorization Request: The card issuer verifies the cardholder identity by the PIN. View Glossary and Payment Processing Terms
PIN Pad PIN Pad: A device that cardholders use to enter there PIN. View Glossary and Payment Processing Terms
Payment Gateway Payment Gateway: A software that enable ecommerce and handle payment transactions electronicly. It is similar to a terminal but it is digital. View Glossary and Payment Processing Terms
Point of Sale (POS) Point of Sale (POS): The merchant location that sales transaction take place at. View Glossary and Payment Processing Terms
Point-of-Sale System Point-of-Sale System: A electronic system that accepts card payments and delivers transaction data to various networks. It is used in retail locations for selling products and services. View Glossary and Payment Processing Terms
POS Terminal POS Terminal: A device located at a merchant location that accepts card payments electronically and is connected to bank View Glossary and Payment Processing Terms
Prepaid Cards Prepaid Cards: A debit card that is reloadable or non reloadable and the card hold can spend the cash value of the amount on the card. View Glossary and Payment Processing Terms