Glossary
The Payment Processing industry confuses many merchants because of the use terms that are not commonly used elsewhere. Learn more about the Payment Processing industry with NOIRE A-Z of card processing terminology – explained. Get the plain English version for what the jargon means.
Our Payment Processing Glossary answers all your questions. Below is a glossary of terms common to the merchant services industry:
A
B
C
- Call Centre
- Cancellation Number
- Capture
- Capture date
- Card Holder
- Card Issuer
- Card Verification Value (CVV)
- Cardholder Bank
- Charge Per Transaction
- Chargeback
- Chargeback Period
- Chargeback Reason Code
- Chargeback Reference Number
- Cheque Card
- Clearing
- Clearing Account
- Clearing Bank
- Compliance
- Convenience User
- Cookie
- Corporate Card
- Counterfeit Card
- Credit Card
- Credit Deposit
- Credit Limit
- Credit Loss
- Credit Scoring
- Credit Transaction
- CTMF – Combined Terminated Merchant File
- Current Risk
- Cycle
- Cycle Period
D
E
- Electronic Banking
- Electronic Commerce (E-commerce)
- Electronic Data Capture (EDC) Terminal
- Electronic Data Interchange (EDI)
- Electronic Financial Services (EFS)
- Electronic Funds Transfer (EFT)
- Electronic Funds Transfer at the Point of Sale
- Electronic Mail (Email)
- Electronic Point of Sale
- Encryption
- Expiration Date
F
H
I
K
M
- Magnetic Stripe
- Mail Order / Telephone Order (MO/TO)
- Member
- Merchant
- Merchant Acquirer
- Merchant Agreement
- Merchant Category Code (MCC)
- Merchant Fraud
- Merchant Number
- Merchant Processing Agreement
- Merchant Service Charge
- Merchant Settlement Amount
- MICR (Magnetic Ink Character Recognition)
- MICR Number Method
- Modem
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P
R
S
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