Payments

Short for Universal Commerce, UCommerce is the intersection of online, kiosk, and in-store payment enablement, incorporating social media and near-field communications….

Service costs charged to a merchant on a per-transaction basis.

The actual date on which a transaction occurs. Used in recording and tracking transactions.

Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. Advance of funds,…

Processing of transactions by service providers acting under contract to card issuers or acquirers. First Data is a third-party processor.

A service that permits a customer to pay bills electronically. The customer gives a corporation the authority to debit his or…

The forms necessary to effect a chargeback processing cycle, and any additional material to uphold a dispute.

The process of sending batch deposits to Merchant Services for processing. This may be done electronically or by mail.

Supplies shipped to new merchants including sales slips, credit slips, batch header tickets, return envelopes, VISA/MasterCard decals, merchant plastics, imprinter slugs…

A plastic card resembling traditional credit or debit cards that contains a computer chip; the chip is capable of storing significantly…