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Glossary Home >>
- This is the merchants Demand Deposit Account, otherwise known as the merchant's home town bank account.
- Payment card whose funds are withdrawn directly from the cardholder's checking account at the time of sale (online debit on a Debit Network) or after batch settlement (off-line debit on a Credit Card Network).
- An authentication that confirms a website is registered to the correct individual(s) through a thorough validation process.
- The percentage of sales amounts that the bankcard acquirer or T&E card issuer charges the merchant for the settlement of the transactions.
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