• What are Card-Not-Present Transactions?

    21-12-26  293
    Glossary

    Let’s start with the basics.
As the name suggests, a card-not-present transaction is any transaction in which you, as a merchant, never actually see or handle the physical payment card. Unlike a typical brick-and-mortar purchase, you don’t come face-to-face with the cardholder.
Card-not-present tran ......

  • Provisional Credit

    21-11-16  284
    Glossary

    What is a Provisional Credit? How Can You Secure a Provisional Credit Reversal? ......

  • Strong Customer Authentication (SCA)

    21-10-14  316
    Glossary

    Strong Customer Authentication: What You Need to Know About SCA in 2021 Strong customer authentication, or SCA, is not simply a description of verification standards. Under the Revised Payment Services Directive (PSD2), SCA is now a law in the European market. SCA protocols actually went into effe ......

  • Error Chargebacks

    21-09-15  353
    Glossary

    What is a Processing Error? For the most part, processing errors stem from mistakes you made at some point during the payment submission. Some of these errors may be caught by the issuer, the card network, or your processor. Others, such as “duplicate processing,” may go unnoticed…at least until th ......

  • Merchant Account Reserve

    21-09-13  393
    Glossary

    What is a Merchant Account Reserve? When & Why Do I Need One? If there is one element of credit card processing that is universally dreaded by all merchants, it may be the merchant account reserve. All merchant accounts present a certain amount of risk to processors and banks. You may be req ......

  • Pre-dispute and Pre-dispute fee

    17-05-24  2902
    Glossary

    With our cutting-edge technical in payment industry and strong power from our cooperative partner,We're able to foresee those transactions which could be charged back in future.  ......

  • AVL BAL*(Available Balance)

    17-04-06  8897
    Glossary

    AVL BAL*(Available Balance): Generally speaking, AVL BAL* is always less than or equal to the total balance because of holding period terms. Of course,not only holding period terms,but also it is affected by refund,chargeback orders and withdrawal. To make it simple,let's give an example. ......

  • Risk control reserve

    17-04-05  3133
    Glossary

    Risk control reserve ......

  • Login password and Payment password

    17-03-19  2330
    Glossary

    When we set merchant account for our merchants,login password and payment password will be sent with the notification email as well. ......

  • Terminated Merchant File (TMF) Definition

    17-01-23  1599
    Glossary

    What is the Terminated Merchant File? The Terminated Merchant File (TMF), also known as the MATCH list, is a database that contains information about businesses that have had their credit card processing services terminated by a provider. Acquiring Banks consult this list when determining whether ......

  • International Bank Account Number(IBAN)

    17-01-18  3329
    Glossary

    The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. It was originally adopted by the European Com ......

  • ABA routing transit number(ABA RTN)

    17-01-18  1971
    Glossary

    An ABA routing transit number (ABA RTN) is a nine digit code, used in the United States, which appears on the bottom of negotiable instruments such as checks to identify the financial institution on which it was drawn. The ABA RTN was originally designed to facilitate the sorting, bundling, and ship ......

  • Currency Codes

    17-01-15  1863
    Glossary

    The International Organization for Standardization publishes a list of standard currency codes referred to as the ISO 4217 code list. Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dolla ......

  • Issuing Bank

    17-01-12  1792
    Glossary

    Any bank or financial institution that grants Credit Cards and/or lines of credit through card associations. ......

  • Acquiring Bank

    17-01-12  1623
    Glossary

    A bank or financial institution that accepts debit or credit card Transactions for a cardholder. ......