Industry Terms

Learn the definitions for many bank card industry terms.

A

Account number
Acquirer
Authorization
Authorization Code
Automatic Clearing House (ACH)
Automated Teller Machine (ATM)
Address Verification System (AVS)

B

Bank Rate
Batch
Business Profile

C

Cancellation Code
Capture
Cardholder
Cash Disbursement
Chargeback Defense
Clearing
Cobranded Card
Code10 Authorization
Commerce Server
Corporate Card
Credit Card
Credit Card Processors
Currency Conversion

D

DDS (Digital Data Storage) debit card
Debit Card
Digital Wallet
Discount Rate
Draft/Sales Draft

E

Electronic Commerce Indicator (ECI)
Electronic Draft Capture (EDC)
Electronic Funds Transfer (EFT)
Emboss
Equipment

F

Factoring
Floor Limit

H

High Risk Merchant
High Risk Merchant Account
Holdback

I

Imprint
Imprinter
Interchange Fee
Internet Merchant
Internet Merchant Accounts
ISO (Independent Service Organization)
Issuer
Issuing Bank

M

Magnetic Stripe
Magnetic Stripe Reader
Mail Order/Telephone Order (MOTO)
Member
Merchant Bank
Merchant Chargeback
Merchant Identification Number
Monthly Minimum

P

Payment Gateway
Payment Gateway Provider
Personal Identification Number (PIN)
Point of Sale (POS) Terminal
Purchasing Card
P-Cards

R

Real-Time Processing
Receipt
Recurring Fees
Reserve Account
Retrieval Request
Risk-Adjusted Rates

S

SSL (Secure Socket Layer)
Settlement
Setup Fees
Smart Card
Stored Value Cards
Swipe Discount Rate

T

Third-Party Processing
Transaction
Transaction Date
Transaction Fee