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Archives: Glossary Terms

Monthly Statement Fee

A fee for the statement of processing activity and charges mailed by the bank after the last day of each month the account is active.

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Monthly Volume

The maximum monthly dollar volume a merchant is approved to process in Visa and MasterCard transactions. The monthly volume is important for underwriter consideration of

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Multi-Currency Payment Gateway

 A multi-currency payment gateway is a financial technology service that allows businesses to accept payments in multiple currencies from customers around the world. It simplifies

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NACHA

The Electronic Payments Association, formerly the National Automated Clearing House Association. This association controls the regulations governing over 1000 check processing institutions, including eCheck and

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NMI Gateway Automatic Card Updater

Table of Contents Keep Payments Flowing with NMI’s Automatic Card Updater NMI’s Automatic Card Updater feature ensures that recurring payments and subscriptions continue without interruption,

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NMI Gateway Electronic Invoicing

Table of Contents Simplify Billing with NMI’s Electronic Invoicing Feature NMI’s Electronic Invoicing feature enables businesses to streamline their invoicing process by sending digital invoices

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NMI Gateway Emulator Feature

Table of Contents Streamline Integrations with NMI’s Gateway Emulator Feature NMI’s Gateway Emulator feature is designed to simplify the process of switching from other payment

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