MasterCard’s term – Card Verification Code 2 – used for card security.

 Is the file that contains all of a merchant’s transactions submitted for clearing to Interchange.

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Account number is the number assigned by the Acquiring bank to the merchant. Each merchant has their own direct bank account in their choice of currencies, and funds from their online credit card tran [..]

 Also known as a Merchant bank, this is a financial institution that provides business owners with merchant accounts and enables them to process credit card transactions. The Acquiring banks receive f [..]

 Known as AVS it verifies a customer address against a given credit card by comparing the cardholder’s billing address with the provided shipping/physical address. AVS does not decline transactions, b [..]

 Is initiated by the Acquiring bank to correct a processing error. The error could be a duplication of a transaction or the result of a cardholder dispute. The Acquirer debits or credits the merchant’ [..]

 American Express.

 Application Programming Interface.

 This is software that runs on a middle-tier server, located between a web browser-based thin client, and the back-end databases and business applications. These servers handle application logic and c [..]