Credit Card Processing Glossary of Terms

Here is a list of terms commonly used in the credit card processing industry.  Now you’ll know what your processing company is saying…

Electronic Payment Processing Basics

There are essentially two types of credit cards: bankcards and non-bank cards. Visa and MasterCard are considered bankcards. American Express, Discover, Diners and Carte Blanche are considered non-bank cards. Encore Payment Systems processes all major credit cards including Visa, MasterCard, American Express, Discover, and Diners. To accept credit cards, merchants are required to pay standard [...]