Also known as a fax draft, this is a paper record provided in absence of a sales draft.
A typically fraudulent process in which a merchant is coerced or bribed to process the transactions of another merchant.
A high-speed transmission medium that uses thin cables of glass. Data is carried as light waves. Fiber optic cables are capable of extremely fast data transfer.
Transfer of a file from one computer to another, usually through the Internet or another network.
A file transfer method that uses the Internet to transfer files. FTP is usually password protected for enhanced security.
The electronic transfer of financial data in standardized formats. Financial data may include various documents as well as payments.
Banks, credit unions, savings and loan associations, thrifts and other organizations which deal with financial transactions, including the lending of money and various other…
A program on a computer which prevents certain types of messages from getting through to the computer through the Internet. A firewall may also refer to a computer or a system of…
Merchants must receive an authorization for each transaction over a floor limit, which is a set by an acquirer. A floor limit is also affected by the rules and regulations of…
All of the transaction info for a cardholder is kept in a file known as a folio by a lodging merchant. Folios include various types of information on lodgers, including charges,…
A transaction that can be entered into a network after downtime or any other interruption of service that prevents an online transaction. A force transaction requires an approval…
A network access protocol which is faster than older protocols, with a low delay and a very efficient use of bandwidth. Frame relay allows for better connectivity and a lower…
A business organization that allows merchants to market goods and services for the organization in certain territories, distinct from a chain in that management and services might…
A confirmation of an acquirer’s response to a request for a sales draft from an issuer. As part of this confirmation, the acquirer will supply the issuer with a reproduction of a…
A relationship in which CreditCardProcessing.com performs various services for a banking institution. CreditCardProcessing.com doesn’t assume the liability for losses in offering…
Payment for deposits to a merchant’s account.
Any account in the context of a transaction request in which the account holder hasn’t specified a specific account for processing. A funding account is a general term used to…
A funding correction is a payment made to correct an error. CreditCardProcessing.com will submit a funding correction after an error causes a loss of funds, including situations in…
Maintained by a STAR member or a processor, a funds settlement account is a deposit account which is used to settle STAR transactions.
A communication system, including ACH and wire transfer networks of which CreditCardProcessing.com is a member. Orders for payments can be transmitted through funds transfer…