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
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