Payment Solutions of Tomorrow, TODAY.
 
 
  Industry Glossary
 
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



 
 
Glossary Home >>


T & E cards - Credit or charge card used by businesses for travel and entertainment expenses. Examples of these cards are American Express, Diners Club, Carte Blanche and JCB. Also see Corporate Cards.

Terminal - Equipment used to capture, transmit and store credit card transactions.

Terminal Identification Number (TID) - A unique number assigned to each POS terminal.

Terminated Merchant File (TMF)/MATCH - MasterCard introduced this program back in 1987 to help bankcard issuing and processing companies determine whether to sign up a merchant. It was intended to function as one of many tools to be utilized against fraudulent merchants. Designed to provide acquirers with the ability to develop or enhance risk information, MATCH is a database containing the names of merchants that have defrauded the industry. Association members and processors utilize this database to check for merchants who, for one reason or another, created issues within the system and were terminated by an ISO, processor or member. As a result, their business name appears in MATCH as a reference point for others to be wary or outright avoid doing business with them.

Transit Routing Number/ ABA # - A nine-digit identification number assigned to a financial institution necessary to authenticate automated clearinghouse (ACH) transmissions regarding a merchant account.


 
 

Please fill out our online application below to receive a customized rate quote.





Call us today at 1-888-228-7498