Payments General (not PAID specific)

General

Payment Processing Terminology 101
Acquirer, Acquiring Bank, Acquiring Institution The financial institution supplying the merchant with means to accept credit cards for payments. The financi...
Thu, 26 Sep, 2019 at 2:53 PM
What do the different AVS or CVV codes mean?
AVS Codes XExact match, 9-character numeric ZIPYExact match, 5-character numeric ZIPAAddress match onlyW9-character numeric ZIP match onlyZ5-character Zi...
Thu, 26 Sep, 2019 at 5:41 PM
What does Chargeback Ratio mean?
Chargeback ratio is a measure of how many chargeback claims a merchant pays compared to the total number of transactions the merchant processes. A char...
Fri, 22 Jan, 2021 at 11:35 AM
What is a Card-Not-Present Transaction?
A card-not-present or CNP transaction is any transaction for which the physical credit card is not on location when the purchase is made. E-commerce transa...
Fri, 22 Jan, 2021 at 11:35 AM
What is a Chargeback?
A chargeback occurs when a consumer or bank disputes a credit card transaction approved by a merchant, often due to fraud, and the merchant must return the...
Fri, 22 Jan, 2021 at 11:35 AM
What is a Merchant Account?
A merchant account is an agreement between a merchant, an acquiring bank, Visa, MasterCard, and possibly American Express, Discover, Diners Club, JCB, et...
Wed, 1 Sep, 2021 at 12:48 AM
What is a Sale?
A sale is a transaction that is authorized and captured, or flagged for settlement.  A sale does NOT need to be captured, as it is automatically flagged for...
Tue, 17 Sep, 2019 at 3:33 PM
What is Affiliate Fraud?
Many merchants rely on affiliate advertising networks to direct traffic to their website. Affiliate sites, often as part of a network, post links or referr...
Fri, 22 Jan, 2021 at 11:38 AM
What is an Acquiring Bank?
An Acquiring Bank is a bank that is responsible for acquiring the funds from credit card issuing banks for transactions that were processed by your custome...
Fri, 22 Jan, 2021 at 11:39 AM
What is an Issuing Bank?
The issuing bank is the institution that backs the cardholder’s credit card or other payment method. Typically, issuers are major commercial banks, e.g. Ch...
Fri, 22 Jan, 2021 at 11:39 AM