GLOSSARY
At NOIRE, our customers are our priority. We will support you every step of the way
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
N
O
P
R
S
T
