Hardware a PIN debit cardholder uses to enter their PIN at the POS. Also called a keypad.

Hardware a PIN debit cardholder uses to enter their PIN at the POS. Also called a keypad.

A program that is integrated into a website and makes it possible for shoppers to keep a running tally of products and services they plan to purchase. At checkout, the shopping cart connects to a secure payment page where they can complete their purchase with a payment card.

This is a nine digit number that appears on all checks along with the bank account number. ABA actually stands for American Banker’s Association. It is also sometimes called the Transit Routing Number. The ABA number identifies which banks the account is from. Each bank is issues its own ABA number. When you send a bank wire or an ACH transaction f [..]

ACH is short for Automated Clearing House. When you send and receive money from one bank account to another, you can do it through bank wire, which happens very quickly the same day, or ACH, which takes a couple days. Think of ACH as an electronic payment from one bank account to another. The transaction is initiated by a business to debit an accou [..]

ACH is short for Automated Clearing House. When you send and receive money from one bank account to another, you can do it through bank wire, which happens very quickly the same day, or ACH, which takes a couple days. Think of ACH as an electronic payment from one bank account to another. The transaction is initiated by a business to debit an accou [..]

An acquiring bank provides credit card merchant accounts. The acquiring bank is a bank that has a relationship with Visa®

These terms all refer to Visa, MasterCard, American Express®

These terms all refer to Visa, MasterCard, American Express®

An ATM (Automated Teller Machine) debit card is a card similar in size and shape to a credit card with an account number and magnetic stripe on one side. When swiped through a point-of-sale terminal, the card holder is prompted to enter a PIN number via a pinpad. This will create an instant debit transaction to the customer’s bank account. Funds ar [..]