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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 - R
These Terms Occur Frequently on Our Website
Radio Frequency Identification (RFID)
A method of identifying unique items using radio waves. Typically, a reader communicates with a tag, which holds digital information in a microchip. But there are chipless forms of RFID tags that use material to reflect back a portion of the radio waves beamed at them.
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Recurring Payments
A Transaction charged to the Cardholder (with prior written or electronic permission to a Merchant) on a periodic basis for recurring goods and services (e.g., monthly membership fees, utility bills, subscriptions).
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Refferal Code
An Authorization Code indicating that the Issuer is requesting the Merchant to call the Voice Authorization Center, which will either provide an Approval Code or ask the Merchant to request additional information from the Cardholder (e.g., mother's maiden name).
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Refund
Create a credit to a Cardholder's account, usually as a result of a product return or to correct an error.
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Retail Merchant
A Merchant that provides goods and/or services in the retail industry, but is not a Mail/Telephone Order Merchant, a Recurring Services Merchant, or a Travel & Entertainment Merchant.
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Retrieval Request
A request from the Issuer on the Cardholder's behalf for a legible copy of the Cardholder's signed Transaction Receipt.
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Reversal
An online financial Transaction used to negate or cancel a Transaction that has been sent through Interchange in error.
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