The following is an alphabetized list of credit card processing and merchant account terms. The results pages for each term include definitions, descriptions, and additional resources.
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Account Maintenance
ACH Delay
Acquirer
Acquiring bank
Aggregator
Address Verification System (AVS)
Annual Fee
Application Fee
Approval
Authorization
Authorization Code
Authorization Response
Automated clearing house (ACH)
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Batch
Batch Close
Bundled Rate
Buy Rate
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Capture
Card Not Present Account
Card Present Account
Card Verification Code (CVC2)
Card Verification Value (CVV2)
Cardholder
Chargeback
Chargeback Fee
Chargeback Ratio
Credit card
Credit Card Processing
Credit card processor
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Debit Card
Direct Deposit Account (DDA)
Discount Rate:
Qualified
Mid-Qualified
Non-Qualified
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Early Termination
E-commerce
Electronic Check Verification
Electronic Data Capture (EDC)
Electronic Funds Transfer (EFT)
Electronic Wallet
Encryption
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Gateway (Gateway Fee)
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Help Desk Fee
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Imprint
Independent Sales Organization (ISO)
Interchange
Interchange Fee
Issuing Bank
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Manual Imprinter
MATCH List – See Terminated Merchant File
Merchant
Merchant Account
Merchant Account Provider (MAP)
Merchant Bank - See Acquiring Bank
Merchant Council
Merchant Identification Number (MID)
Merchant Processing Agreement (MPA)
Merchant Service Provider
Monthly Minimum
Monthly Processing Volume
MOTO
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Over Limit Fee
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PC Processing Software
Personal Identification Number (PIN)
PIN Debit
Pin Pad
Point Of Sale terminal (POS)
Processing Limit
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Real-Time processing
Real-Time authorization (see Real-Time Processing)
Recurring Transaction
Retrieval
Return
Return Fee
Rolling Reserve
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Secure Socket Layer (SSL)
Setup fee
Shopping Cart
Statement Fee
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Terminal - See Point of Sale Terminal (POS)
Terminated Merchant File (TMF)
Third-Party Processor
Ticket – sales slip (average ticket)
Transaction
Transaction Fee
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Virtual Terminal
Voice Authorization
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Watts Surcharge
Wireless Fee
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Credit Card Processing Terms
