Type of electronic transactions that debit a checking account.
|Early Termination Fee (ETF)||
A fee charged for the termination of the merchant account prior to the contract end date.
See “Electronic Funds Transferring”.
|Electronic Benefits Transfer (EBT)||
The delivery of annuity and public assistance benefits through the application of plastic card technology.
|Electronic Data Interchange (EDI)||
A computerized system that allows linked computers to conduct business transactions through a computer-to-computer exchange of standard business data according to agreed-upon data formats.
|Electroning Funds Transfering (EFT)||
A way of performing financial transactions electronically. The Pulse and Star networks are examples of EFT systems.
A security technique in which machine-readable data can be scrambled and must be decoded before it can be processed.
Also known as card types. The credit card processing services provided to an establishment.
|ESN (electronic serial number)||
a permanent identification number used to recognize mobile devices.
to process over an IP based system.
Transaction was deposited late. The authorization date, compared to the processing date, exceeded the time frame allowed for the interchange level for which the merchant is priced.
The date embossed on the credit card beyond which the card is not acceptable by the establishment at the point-of-sale.