The main difference between an International Bank Account Number (IBAN) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code lies in what they identify. A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an in ......
The International Organization for Standardization publishes a list of standard currency codes referred to as the ISO 4217 code list. Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dolla ......
A bank or financial institution that accepts debit or credit card Transactions for a cardholder. ......
A communications protocol for secure communications over a computer network ......
A 4-digit code designated by a Credit Card company that lists the product, service, or line of business of a merchant. ......
A mandatory set of rules and regulations created to reduce Credit Card fraud ......
A charge applied to a cardholder in predetermined intervals for services or goods of an ongoing nature (memberships, subscriptions) ......
A third-party sales organization that signs Merchants up to accept Credit Cards on behalf of one or more Acquiring Banks. ......
An account issued by an Acquiring Bank that allows a business to accept Credit and debit cards ......
A third party that helps Merchants accept and facilitate payments. ......
There are various reasons why a processor might label a merchant as ‘high risk.’ Some characteristics that identify high risk businesses are superficial factors based on the business’s industry or clientele, while others are directly related to the merchant’s business practices ......
Automated Clearing House – group of processing institutions linked by a computer network to process electronic payment transactions between financial institutions. ......
A unique nine-digit number assigned to each banking institution, used to identify the bank and direct ACH debits and credits. The ABA routing number is usually found at the bottom of a personal or business check ......
Advanced Programming Interface – APIs allow users to program to a pre-constructed interface, instead of individually programming a device or piece of software. ......
Payment gateway usually charges merchants a small amount for those approved transactions.The amount ranges from 0.10USD to 1.00USD,and it will not be returned even the transaction was refunded or charged back later.This small amount is called fixed fee in ipasspay.com. ......
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