Category
page 1Credit card terminology
payment terminal
device which interfaces with payment cards to make electronic funds transfers
Secure Electronic Transaction
standard protocol for securing credit card transactions over insecure networks
grace period
period immediately after the deadline for an obligation during which a late fee is waived
imprinter
A mechanical device for transfer of payment card details to paper
Merchant Category Code
4-digit number which enables credit card companies to monitor and restrict transactions
credit limit
maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit
Card not present transaction
with a credit card
interchange fee
fee paid between banks in the payment card industry
Dynamic currency conversion
Process whereby currency conversion for a card transaction is performed by the merchant or ATM instead of the card issuer
Corporate travel management
function in a business