Electronic Authorization
Authorization for credit card use obtained through electronic means or electronic communication. The credit card authorization is a code that a credit card processing bank returns in an electronic...
View ArticleDebit
A debit is a direct charge to an account. As this pertains to credit card processing, debit transactions are made by writing a check, using an ATM withdrawal or taking money back from a merchant at...
View ArticleCredit History
A record of an individuals or a company’s past borrowing and repayment, including information about late credit card payments, other debt payments and public records such as bankruptcies. A credit...
View ArticleCredit Card Processor
A company that performs the authorizations and settlements on credit card activities, usually handling several types of credit cards and payment cards. Merchants who accept credit cards as a form of...
View ArticleCharge Back Period
The charge back period is the time period, usually stated in number of days, from the credit card processing date during which the credit card company and credit card account holder may initiate a...
View ArticleCharge Back
A charge back is a previously authorized transaction on a credit card that is returned to the credit card merchants account and credited back to the card holder’s credit card balance. A charge back is...
View ArticleAuthorization Date
The credit card authorization date is the date and time that a transaction was authorized. In a credit card transaction, the authorization date is the date that the credit card merchant receives...
View ArticleAuthorization
Credit card authorization is a procedure in credit card processing used to assure that a credit card holder has adequate funds available within the credit card limit for a transaction. This procedure...
View ArticleAuthentication
Authentication in credit card processing, is the process of establishing or confirming that data has come from its original source and is genuine. This involves the credit card merchant verifying the...
View ArticleDepartment Store Credit Cards
Did you ever get invited to a party that you know you shouldn’t go to? You love being invited and the very idea of a party sounds great, but you know that there’s a good possibility of bad behavior...
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