About electronic payments

The bank that supplies merchant services.

A system that permits the verification of a card user’s address against the address held for the card.

API (application programming interface) allows different applications to link together.

Bank automated clearing system. An electronic payments method primarily used for large volumes of transactions such as payroll and regular business to business client and customer payments.

When an electronic payment solution requires an experienced programmer, a bespoke integration will be necessary.

A quantity of funds supplied by the merchant to cover the exposure of the acquiring bank.

The process of collecting funds from a card account once authorisation has taken place.

Also CVV2 and CSC. A three-digit number printed on the back of a card that is used for extra confirmation that the card user has the original card.

Return of funds to a consumer, forcibly initiated by the issuing bank of the instrument used by a consumer to settle a debt/make a payment.