Credit-card-granting organizations, including Visa, MasterCard, American Express, and Discover, that make the rules regarding credit card acceptance in conjunction with the government.

Formally known as near field communication, NFC is a set of close-range wireless technologies that enable a connection for processing mobile payments.

Shift4’s next generation of tokenization, 4tify is a suite of secure technologies, including TrueTokenization®, 4Go, i4Go®, 4Res, and 4Word®. Providing your business with more flexibility and control in the use of TrueTokens®, 4tify is Tokenization Your Way®.

See merchant bank.

A security feature that requires merchants to supply address information for the cardholder in card-not-present transactions, such as those made on a website. The merchant’s system verifies that the address entered matches the one the issuing bank has on file and then confirms whether the information is valid or not.

A set of rules and protocols that tells separate software programs how to communicate with one another.

See software as a service (SaaS).

An authorization is the initial request a merchant makes for a customer’s issuing bank to release funds for payment.

A financial institution that handles merchant accounts and issues lines of credit. Also see merchant bank or issuing bank.

A financial institution that handles merchant accounts and issues lines of credit. Also see merchant bank or issuing bank.