Cards issued via Visa usually, that are similar to credit cards, with the main difference that the card is linked to a checking account instead

Called differently by different organizations, either CVV or CCV, its easiest to remember it by “Card Code Verification.” CVV is a three digit security code

A transaction processed by swiping a card through a terminal or by an imprinted and signed credit card slip. When the customer’s card is swiped

A transaction where the credit card is not physically present. This simple fact means that fraud is a possibility, since you cannot verify the true

A cad issuing bank is any Visa/MasterCard/AmEx/Discover member bank that enters into contractual relationships with cardholders for the issuance of cards. Popular card issuing banks

A merchant submitting a .cvs or .xcl file to a gateway for processing of electronic transactions (either ACH or credit card). Many telemarketing firms use

When a merchant transmits the “batch” of daily sales for processing. An “open” Batch is one that is not yet “closed.” Batching generally occurs at

What is Average Ticket Size? Average ticket size refers to the average amount spent per transaction or sale, commonly used in financial analysis to gauge

The process when a transaction is approved by an issuing bank, authorized agent, or Visa/MasterCard on behalf of that issuer, before the transaction is completed

A fee for processing the paperwork and setting up the account. Most reputable processors will only charge a “Setup Fee” where they only invoice you