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Definitions (110)
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storefront
Electronic or physical location where a merchant can facilitate and promote the sale of goods.
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acceptance
A generic term for the acceptance of payment types including card schemes, mobile, check, prepaid or other alternative payments.
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advertising
The activity of attracting public attention to a product or business, as by paid announcements in the print, broadcast, or electronic media.
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application
A broad term used to describe specially designed software used for a specific task on networked devices.
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application provider
The entity that provides the technology platform for common short code service applications.
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arpu
The revenue generated by a single customer or unit, typically on a monthly basis. ARPU = total revenue / number of subscribers.
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audio jack card reader
A mobile phone credit card reader when plugged in to your mobile phone’s audio jack lets you process credit and debit cards in real-time on your mobile device.
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authentication
A security mechanism for verifying: 1) the identity of an individual or other entity; and 2) the level of authority of that person or entity (i.e., the ability of that person or entity to perform specific tasks or activities).
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bar code
An optical machine-readable representation of data relating to the object to which it is attached.
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