Biometric payments refer to a method of making transactions or authorizing payments using an individual’s unique biological characteristics. Instead of traditional payment methods like cash, cards, or PIN numbers, [...]
Biometric payments refer to a method of making transactions or authorizing payments using an individual’s unique biological characteristics. Instead of traditional payment methods like cash, cards, or PIN numbers, [...]
Batch processing with a merchant account refers to a method of processing multiple credit or debit card transactions simultaneously. It is commonly used by businesses to streamline their payment [...]
In the payments industry, Basis Points (BPS) are a unit of measurement used to express small percentage changes or differences. One basis point is equal to one-hundredth of a [...]
In the payments industry, the Bank Identification Number (BIN) refers to the first six digits of a payment card number. The BIN serves as an identifier that provides information [...]
In the payments industry, a bank card refers to a plastic card issued by a financial institution, such as a bank or credit union, to its customers. Bank cards [...]
An Automated Teller Machine (ATM) is a self-service electronic device that enables bank customers to perform various financial transactions without the need for human assistance. ATMs are commonly found [...]
In the payments industry, an authorization hold, also known as a card authorization or pre-authorization, is a practice used by merchants and card issuers to verify the availability of [...]
In the payments industry, the authorization amount refers to the maximum amount approved by the card issuer or payment network for a particular transaction. It represents the maximum value [...]
An Application Programming Interface (API) is a set of rules and protocols that allows different software applications to communicate and interact with each other. It defines the methods, data [...]
Amex SafeKey, also known as American Express SafeKey, is a security feature and authentication protocol developed by American Express to enhance the security of online transactions. It is a [...]