• Terminated Merchant File (TMF) Definition

    17-01-23  1359
    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  2983
    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  1721
    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 ......

  • What's the difference between an IBAN and a swift code?

    17-01-18  1436
    Payment related

    The main difference between an International Bank Account Number (IBAN) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code lies in what they identify. A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an in ......

  • Currency Codes

    17-01-15  1607
    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 ......

  • Express support

    17-01-15  1563
    Payment related

    For those tangible products sellers,we request them to upload tracking information after goods delivery.To use the "Tracking upload endpoint" correctly,we provide a list of the express companys so they can code it in API. ......

  • Issuing Bank

    17-01-12  1555
    Glossary

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

  • Acquiring Bank

    17-01-12  1400
    Glossary

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

  • HTTPS

    17-01-12  1436
    Glossary

    A communications protocol for secure communications over a computer network. ......

  • What is a Merchant Category Code (MCC)?

    17-01-12  1455
    Payment related

    A 4-digit code designated by a Credit Card company that lists the product, service, or line of business of a merchant. ......

  • PCI DSS

    17-01-12  7675
    Glossary

    A mandatory set of rules and regulations created to reduce Credit Card fraud. ......

  • What is a Recurring Transaction?

    17-01-12  1394
    Payment related

    A charge applied to a cardholder in predetermined intervals for services or goods of an ongoing nature (memberships, subscriptions). ......

  • What is an Independent Sales Organization (ISO)?

    17-01-12  1254
    Payment related

    A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks. ......

  • Merchant Account

    17-01-12  1438
    Glossary

    An account issued by an Acquiring Bank that allows a business to accept Credit and debit cards. ......

  • Payment Service Providers

    17-01-12  1434
    Glossary

    A third party that helps Merchants accept and facilitate payments. ......