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Glossary

A B C D E F H I M P R S T

A

ACH

acquirer

acquirers association

acquiring bank

address verification service (AVS)

agents

authorization

automated clearing house (ACH)

AVS

B

bank identification number (BIN)

batch

BIN

buy rate

C

card laundering

card verification value (CVV)

Card-not-present

chargeback

check scanner

credit cards

CVV

D

DDA

debit cards

demand deposit account (DDA)

discount rate

draft laundering

E

EFT

electronic funds transfer (EFT)

F

factoring

floor limit

H

hold back

I

independent sales agent (ISA)

independent sales organization (ISO)

interchange

ISA

ISO

issuing bank

M

magnetic ink character reader (MICR)

mail order/telephone order (MO/TO)

member service provider

merchant bank

merchant discount

MICR

MSP

P

Payment Card Industry (PCI) Data Security Standard (DSS)

PCI DSS

personal identification number (PIN)

PIN

PIN debit

point of sale (POS)

POS

prepaid card

processor

R

RDC

remote deposit capture (RDC)

reserve

response code

reversal

S

settlement

signature debit

sponsor bank

super ISO

T

terminal