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GlossaryAcquiring bank: The bank that provides an e-commerce business with its credit card processing account. bank card is a credit card. Capture: The submission of a credit card transaction for processing and settlement. POS terminals and real-time processing software capture transactions
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NFC Merchant Account: Credit Card Transaction / Processing Guide A collection of credit card transactions saved for submitting at one time, usually each day. The issuing bank then bills the customer for the debt.
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Glossary of Terms the actual address as registered with the cardholder's card issuing bank. do not have real-time verification systems must submit their transactions
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