An acquiring bank is a financial institution that provides merchant accounts and processes credit card transactions on behalf of a…
For currency conversions, it is the first currency in a currency pair. For pricing, it is the currency which a…
A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK…
Also referred to as a payment processor is a company appointed by a merchant to handle transactions from various channels…
An e-commerce application service provider that authorizes credit card payments for a business. It is the equivalent of a physical…
Pre-authorization is not a purchase but a temporary hold on funds on a credit card. Commonly used when purchasing an…