Tag Archives: R

Recurring Billing   Recurring Billing: When a transaction is setup to happen on a regular schedual and is charged to cardholder ongoingly. View  Glossary and Payment Processing Terms

Receipt   Receipt: A physical copy of the transaction from the point of sales location. Reciepts can include date, merchant name/location, primary account number, type of account accessed, amount, reference number, and an action code. View  Glossary and Payment Processing Terms