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Bankcard - A credit card issued by a Visa or MasterCard-sponsored financial institution. (American Express, Discover, Diners Club, JCB, etc., are issued directly from their respective operations, rather than through banks.)

Basis Point - One-one hundredth of a percent, notated as 0.01% or 0.0001.

Batch - The accumulation of captured credit card transactions in the merchant's terminal or POS awaiting settlement.



 
 

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