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Glossary
Glossary
A glossary of terms in the merchant processing industry.
3 Tiered Pricing
3D Secure
4 Tiered Pricing
5 Tiered Pricing
ACH
Acquiring Bank
AVS (Address Verification Service)
Annual Fee
Application Fee
Approval Fee
Authorization Fee
Authorization Network
Average Ticket Size
AVS Response Codes
Bank Card
Bankruptcy
Basis Points
Batch
Batch Fee
Billback
Bank Identification Number (BIN)
Bin Fee
Blind Credit
Business Bank Account
CNP (Card Not Present)
Card Not Present Tiered Pricing
Card Present
Card Types
Cardholder
Cash Discount
Chargeback
Chargeback Fee
Chargeback Period
Chargeback Ratio
Chargeback Reversal
Check 21
Check Guarantee
Credit Authorization
Credit Card Associations
Credit Cards
Cross Corporate Guarantee
CVV
CVV2
Daily Discount
Debit Cards
Descriptor
Discount Rate
Dispute
Downgrade Fee
ETF (Early Termination Fee)
EIN Number
EBT (Electronic Benefit Transfer)
eCheck (Electronic Check)
Electronic Fund Transfer Act (EFTA)
EIRF (Electronic Interchange Reimbursement Fee)
EMV
EMV Chip
Factoring
File Build
FANF (Fixed Acquirer Network Fee)
Fixed Reserve
Flat Rate Pricing
Fleet Cards
Gateway Setup Fee
Payment Gateways
High Risk
High Risk Fee
High Ticket
Hiring Mill
Holdback
Imprinter
Interchange
Interchange Plus
IRS Reporting Fee
ISO (Independent Sales Organization)
Issuing Bank
Keyed In Transaction
Lending Rate
Liquidated Damages
Load Balancing
Low Risk
Margin
Match List
MCC Codes
Member Bank
Merchant
Merchant Account
Merchant Account Aggregator
Merchant Account Broker
Merchant Account Cash Reserve
Merchant Account Provider
Merchant Account Reseller
Merchant Cash Advance
Merchant Fees
Merchant Processing
MID (Merchant Identification Number)
Mid Qualified Rate
Mobile Wallet
Monthly Discount
Monthly Fee
Monthly High-Risk Fee
Monthly Minimum
MOTO (Mail Order Telephone Order)
MSP (Merchant Service Provider)
NFC (Near Field Communication)
Non Bank Card Fee
Non Qualified Rate
Offshore Account
Online Shopping Cart (Shopping Cart)
Operation Choke Point
P2PE (Point-to-Point Encryption)
PayFac (Payment Facilitator Service)
Payment Settlement
PCI Compliance
PCI Compliance
PCI Compliance Fee
PCI Non-Compliance Fee
Personal Guarantee
PIN Debit
Point of Sale (POS)
POS System
Merchant Pricing
Qualified Rate
Regulation E
Regulation Z
Reputational Risk
Reserves
RFID (Radio Frequency Identification)
Risk
Rolling Reserve
Signature Debit
Sponsor Bank
Statement
Statement Fee
Sub ISO
Super ISO
Swiped
Terminals
Terminals
TMF (Terminated Merchant File)
The Durbin Amendment
Tiered Pricing
TMF List
Transaction Fee
Transaction ID Number
Trial Offer
Truth in Lending Act (TILA)
Underwriting
VAR Sheet
Virtual Credit Card
Virtual Terminals
Wireless Terminals
Zero Fee Processing
