A normal Digital transmission protection structure created by Visa/MasterCard which employs a mix of encryption, electronic signatures, certificates and 3rd-occasion validation for safe bank card transactions over the web.
They're accountable for the distribution of funds between shoppers and businesses. Often also called a Transaction Processor.
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A transaction processor, distinct through the financial institution, that processes details from charge card transactions and then distributes cash from your merchant's checking account.
A singular set of quantities or letters and figures that is certainly related to a specific service provider. The service provider ID is typically tied to a program database report that contains all merchant particular information and facts about that individual service provider. This is often furnished by the financial institution or perhaps the Payment Processor.
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An electronic affidavit, issued by a trustworthy organization, like a bank, that vouches with the identification plus the authority of an individual or business enterprise to conduct any transaction over the web.
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