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The act of offering a lender card into a cardholder and authorizing them to implement it for making money transactions
An Digital affidavit, issued by a dependable Corporation, just like a bank, that vouches with the identification plus the authority of an individual or enterprise to carry out any transaction via the internet.
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An ATM bankcard. This kind of card lets a merchant to deduct income straight from a purchaser's checking account.
When a service provider makes a telephone contact to obtain a charge card authorization as an alternative to utilizing a terminal, or charge card software to obtain the authorization.
Every time an buy is positioned, it is actually approved and additional to some "batch". Nevertheless the cash have not actually been billed towards the bank cards nor transferred on the merchant's bank account.
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A payment seize approach that may be used by merchants who ship orders on precisely the same day that they receive orders. The payment is captured when the service provider authorizes the credit card employed by The shopper.
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A procedure where an electronic transaction (credit cards) is recognized for financial settlement among the buying and issuing banking institutions. S-HTTP Protected HyperText Transfer Protocol - A safe Variation of HTTP, produced by Netscape, which delivers basic transaction security products and services over the online.