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Definitions (136)
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Manual Entry
The entering of credit card information via computer keyboard or terminal keypad instead of swiping the card through a credit card reader terminal. ecOrderDesk support the act of manually entering a c [..]
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Recurring transaction
A credit card transaction permitted by a customer that is periodically charged to the customer's account on a weekly, monthly, or quarterly basis.
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Acquiring Bank/Merchant Bank
The bank that does business with merchants who accept credit cards. A merchant has an account with this bank and each day deposits the value of the day's credit card sales. Acquirers buy (acquire [..]
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American Express
An organization that issues cards and acquires transactions, unlike Visa and MasterCard, which are bank associations.
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approval
An acceptance of a payment. Usually in the form of an authorization code provided by the Issuing bank.
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Authorization Capture
A payment capture method that is used by merchants who ship orders on the same day that they receive orders. The payment is captured when the merchant authorizes the credit card used by the customer. [..]
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Authorization
The act of insuring that the cardholder has adequate funds available against their line of credit. A positive authorization results in an authorization code being generated, and those funds being set [..]
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Authorization code
a numerical or alphanumeric code sent by the card issuer verifying that the sale has been authorized. The authorization may be obtained by voice, software, or terminal transmission. The merchant shoul [..]
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Authorization request
An electronic message sent from the Merchant's business to the customers credit card issuing bank to request an authorization code for a sale transaction.
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Authorization response
An issuing bank's electronic message reply to an authorization request.
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