knowledge base
Payment Processing Dictionary
A
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
B
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
C
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
D
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
E
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
F
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
G
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
H
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
I
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
J
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
K
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
L
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
M
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
N
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
O
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
P
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
Q
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
R
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
S
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
T
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
U
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
V
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
W
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
X
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
Y
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
Z
Account Number
A unique sequence of numbers is assigned to a cardholder’s account, identifying the issuing bank or credit union and the card’s financial transaction type.
Accounts Receivable Conversion (ARC)
A process, provided by transaction processors like First Data, that electronically scans paper checks used for account receivables, converting check information into electronic data for Automated Clearing House (ACH) payments. (Also see ACH)
Acculynk
First Data’s Acculynk solutions encompass a True Debit™ gateway, facilitating cost-efficient debit routing for eCommerce merchants via PaySecure® and PINless transactions on Electronic Funds Transfer (EFT) networks. They also include PayLeap®, a comprehensive gateway and acquiring card processing service, PayGov®, an electronic bill payment and presentment solution, and Payzur, a debit-based peer-to-peer (P2P) and real-time disbursement solution.
Acquirer/Acquiring Bank
A financial institution that processes payment transactions (e.g., credit or debit card payments) on behalf of a merchant. In the payments value chain, the Acquirer enables businesses to accept credit card payments, underwrites merchant accounts, and may provide the necessary hardware and software for transaction processing. (Also see Payments Value Chain)
Acquiring
The process by which a bank or financial institution (referred to as acquiring bank or acquirer) handles credit or debit card transactions on behalf of a merchant, allowing the merchant to accept card payments for goods or services.
Address Verification System (AVS)
A security system requiring merchants to provide address information for cardholders in card-not-present transactions, such as online purchases, to the issuing institution of the credit card.
Adjustments
Adjustments are utilized by the Acquirer or the entity processing payment transactions for merchants to resolve disputes, address duplicate charges, and rectify other discrepancies.
Affinity Card
A credit card issued in partnership with an organization or collective group, such as a card associated with a professional organization, alumni group, or retired persons association. The card issuer often pays the organization a royalty to market the card to its members.
Alipay™
A third-party mobile and online payments platform belonging to the Alibaba Group®, used for online and in-store payment transactions, established in February 2004.
Alternative Payments/Local Payments
Payment methods that bypass traditional card associations, offering alternatives to credit card transactions. These methods include debit cards, prepaid or stored-value cards, direct debit, bank transfers, mobile payments, checks, cash, and money orders.
American Express®
American Express, also known as AMEX, is a multinational financial services corporation headquartered in New York City. It issues payment, travel, and expense-management solutions for individuals and businesses.
Arbitration
The process used by credit card issuers to determine whether an Acquirer (or the entity processing payment transactions for a merchant) is definitively responsible for a chargeback.
ATM Interchange Fee
The fee paid to the Acquirer Member (which processes debit transactions on behalf of merchants) by the Issuer Member (issuing debit cards to cardholders) for a STAR ATM Transaction, as determined by the STAR® Network. (See also STAR Network)
ATM Terminal Driving
This involves maintaining the physical connection and software between an Automated Teller Machine (ATM) and relevant parties, including financial institutions, processors, EFT networks, etc. First Data offers end-to-end ATM transaction processing, covering terminal driving, network/ATM/telecommunications monitoring, authorization, and routing for all major gateway connections. First Data supports virtually all ATM makes and models, using a variety of telecommunications modes.
Automated Clearing House (ACH)
This refers to the U.S. electronic network used by financial institutions for electronically transferring funds between banks, handling large volumes of transactions in batches.
Automated Teller Machine (ATM)
An electronic banking terminal located at bank branches, retail establishments, or other locations, enabling customers to conduct basic banking transactions without assistance from bank representatives. ATM usage primarily involves cash withdrawals using debit and credit cards.
Authentication
The process of verifying the identity of a credit card user, requiring the cardholder to provide confidential information, such as a Personal Identification Number (PIN), to complete a transaction or request information.
Authorization
The initial electronic request made by a merchant to a customer’s card issuer for the release of funds. This verification process ensures that a credit card holds sufficient funds to cover a transaction.
