T & E Merchant
An airline, car rental company, or hotel whose primary function is to provide travel-related services. A travel agency (excluding one that i..
The reversal of a current transaction, one that has been authorized, but not settled. Settled transactions require processing of a credit or..
The term means that a sale will be registered within the terminal only until the sale is processed for deposit. If for any reason the sale d..
A protocol for e-commerce which is designed to increase the security of online credit card transactions by adding an extra step requiring a ..
The 3-Tier Pricing is the most popular pricing method and the simplest system for most merchants, although the new 6-Tier Pricing is gaining..
Action between a cardholder and a merchant or a cardholder and a member that results in activity on the cardholder account.
As a result of the Wal-Mart Lawsuit and to compete against PIN-based debit cards (which are processed outside of the Visa and Mastercard net..