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MerchantService.com Announces New ISO / Agent Program
MerchantService.com announces their ISO / Agent program for experienced merchant services sales offices and ISO agents. The program features an exclusive, registered brand name of Merchant Service Group of “geographical area” for each ISO/Agent. “To maximize your sales success … Continue reading →
| Merchant Services now offers eC Cash Advance Program at MerchantService.com
Sarasota, FL – December 6, 2011 – MerchantService.com, a leading merchant services provider, is pleased to announce they now offer the eC Cash Advance program which provides business cash advances through account receivable financing. Business Cash Advances are not … Continue reading →
| MerchantService.com Offers $50,000 in PCI Breach Coverage Insurance to Merchants
Sarasota, FL – November 2, 2011 – MerchantService.com, a leading merchant services provider of credit card processing, is pleased to announce that starting in November they now offer all of their merchants up to $50,000 in PCI breach coverage insurance. … Continue reading →
| Merchant Services Protection: How to Protect Yourself Against Would-Be Burglars
Protection against would-be burglars is a necessity for any business. Whether it be a physical robbery or computer fraud, every business has to hope for the best and plan for the worst. There are many things a business can do … Continue reading →
| Durbin Amendment Starts at the end of October – Time to change your Merchant Account?
There has been a lot of buzz about the Durbin Amendment and what the ramifications of it will be. The amendment is set to go into effect at the end of October and the anticipation continues to grow. There has … Continue reading →
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Glossary of Merchant Services Terms - A
These Terms Occur Frequently on Our Website
ACH
See Automated Clearing House.
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Address Verification Service (AVS)
A fraud-reduction service that allows the Merchant to verify a Cardholder's billing address prior to completing a Card Not Present Transaction.
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Application Programming Interface (API)
An Interface which is used for accessing an application or a service from a program. An API makes it possible to use programs from within programs, therefore it is the foundation for modular systems with clearly defined Interfaces between separate components.
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Approval Code
An Authorization Code indicating that the Transaction is approved and the Card may be honored.
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ATM
See Automated Teller Machine.
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Authorization
A required procedure by which a Merchant requests approval of a Transaction from the Issuer. See also Magnetic Swipe Authorization, Manual Entry Authorization or Voice Authorization.
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Authorization Code
The code sent by the Issuer in response to an Authorization request that indicates whether the Transaction is approved. Responses may include: "Approved", "Declined", "Declined Pick-Up" or "Referral" ("Call Auth").
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Automated Clearing House (ACH)
The funds transfer system governed by the rules of the National Automated Clearing House Association. ACH allows financial institutions to clear interbank entries electronically. A Merchant's DDA is debited and credited via ACH.
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Automated Recurring Billing (ARB)
A convenient and easy-to-use tool used for submitting and managing recurring, or subscription-based, transactions. ARB provides multiple methods for creating subscriptions. Simply create a subscription in the Merchant Interface that includes the customer's payment information, a billing amount, and payment schedule. Or allow your online customers to choose installment payments from your custom payment form when you integrate your Web site directly to our ARB application programming interface (API).
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Automated Teller Machine (ATM)
Automated Teller Machines, cash points, allow you to access cash with a credit card or other card associated with your bank account. You need to enter your Personal Identification Number (PIN) into the machine to access cash.
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AVS
See Address Verification Service.
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