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Sales Draft
A sales draft is a document that is issued by a merchant to a cardholder in order to record the details of a credit card transaction. Sales drafts typically include information about the transaction, including the date of the transaction, the amount of the purchase, and the merchant’s name and location.
Same Day Funding
Same day funding is a feature of some payment processing systems that enables merchants to receive funds from credit card transactions on the same day that the transactions are processed. Same day funding may be offered by payment processors or banks in order to provide merchants with faster access to funds.
Scheduled Payments
Scheduled payments are payments that are made on a regular basis, typically on a specific date or at a specific interval. Scheduled payments may be made using a credit or debit card, and may be used to pay bills or make other recurring payments.
SE Number Service Establishment
The SE number, also known as the Service Establishment number, is a four-digit code that is used to identify the type of business or service establishment that is accepting credit card payments. SE numbers are assigned by the card issuer and are used to classify merchants and service providers according to their business type.
Secure Payment Gateway
A secure payment gateway is a system that is used to process and securely transmit credit card transactions between a merchant and a card issuer. Secure payment gateways use encryption and other security measures to protect sensitive credit card information and prevent unauthorized access or tampering.
Secure Payment Page
A secure payment page is a web page that is used to process credit card transactions securely. Secure payment pages typically use encryption and other security measures to protect sensitive credit card information, and may be accessed through a payment gateway or other online payment platform.
Secure remote Commerce (SRC)
Secure remote Commerce (SRC) is a payment industry standard that outlines a secure framework for online payment transactions. SRC is designed to provide a consistent and secure user experience for online payments, and includes guidelines for payment authentication, security, and data privacy.
Secure Socket Layer (SSL)
Secure Socket Layer (SSL) is a security protocol that is used to encrypt data transmitted between a web server and a client, such as a web browser. SSL is commonly used to secure online payment transactions, in order to protect sensitive credit card information and prevent unauthorized access.
Service Level Agreement (SLA)
A Service Level Agreement (SLA) is a contract that outlines the terms of service between a merchant and a payment processor or other service provider. SLAs may include details about the services that are provided, the level of support and availability that is expected, and any fees or charges that are associated with the services.
Settlement Error
A settlement error is an error that occurs during the settlement process, typically as a result of incorrect or incomplete information being provided by the merchant or the card issuer. Settlement errors may cause a credit card transaction to be declined or delayed, and may require additional processing or verification in order to be resolved.
Settlement Fee
A settlement fee is a charge that is assessed by a payment processor or other service provider in order to cover the cost of settling credit card transactions. Settlement fees may be based on the volume of transactions processed or the type of card being used, and may vary depending on the merchant’s industry or the terms of their service agreement.
Settlement Statement
A settlement statement is a document that is issued by a payment processor or other service provider in order to summarize the details of a credit card transaction. Settlement statements typically include information about the transaction, including the amount of the purchase, the date of the transaction, and any fees or charges that are associated with the transaction.
Settlement
Settlement is the process of transferring funds from a merchant’s bank account to a card issuer or payment processor in order to complete a credit card transaction. Settlement typically occurs after a credit card transaction has been authorized and processed, and may involve the transfer of funds from the merchant’s bank account to the card issuer or payment processor on a daily or weekly basis.
Setup Fee
A setup fee is a charge that is assessed by a payment processor or other service provider in order to cover the cost of setting up a merchant account or other payment processing service. Setup fees may be one-time charges or may be assessed on a recurring basis, depending on the terms of the service agreement.
Shopping Cart Software
Shopping cart software is a type of software that is used to manage and facilitate online transactions. Shopping cart software typically includes features such as a shopping cart, a checkout process, and integration with payment gateways and other payment processing systems.
Shopping Cart
A shopping cart is a feature of an online store that allows customers to select and purchase products or services. Shopping carts typically allow customers to add items to their order, view their order total, and complete the checkout process.
Signature Debit
Signature debit is a type of debit card payment that requires the cardholder to sign a receipt or other documentation in order to complete the transaction. Signature debit transactions are typically processed through the card network rather than the card issuer, and may offer additional protections or benefits to the cardholder.
SIM Swap Fraud
SIM swap fraud is a type of fraud in which a criminal obtains access to a victim’s phone number and associated accounts by swapping the SIM card in the victim’s phone with a SIM card under the criminal’s control. SIM swap fraud can be used to gain access to sensitive information, such as credit card numbers or bank account login credentials.
Smart Card
A smart card is a type of payment card that includes a microprocessor or other embedded chip that stores and processes data. Smart cards may be used for a variety of purposes, including credit and debit transactions, identification, and access control.
SMS Verification
SMS verification is a process in which a code is sent to a user’s phone via text message in order to verify their identity or the authenticity of a transaction. SMS verification may be used as an additional security measure to protect against fraud or unauthorized access.
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global financial messaging network that is used to facilitate the transfer of financial messages and other data between banks and other financial institutions. SWIFT enables banks to securely and efficiently exchange information about financial transactions, including credit card transactions.
Standard Industrial Classification (SIC)
The Standard Industrial Classification (SIC) is a system that is used to classify businesses according to their type of industry or primary business activity. SIC codes are used by government agencies, financial institutions, and other organizations to collect and analyze data about businesses and industries.
STAR® Network
The STAR® Network is a network of financial institutions that is owned and operated by the STAR® Interbank Network, LLC. The STAR® Network enables merchants and other businesses to accept debit card payments from cardholders who are issued debit cards by participating banks or credit unions.
Statement Fee
A statement fee is a charge that is assessed by a payment processor or other service provider in order to cover the cost of preparing and sending a statement or other billing documentation to a merchant.
Straight Sale Billing
Straight sale billing is a type of billing that is used to process one-time purchases of goods or services. Straight sale billing typically involves a single transaction that is settled in full at the time of purchase, and does not involve any additional fees or charges.
Straight Sale
A straight sale is a type of credit card transaction in which a customer makes a one-time purchase of goods or services from a merchant. Straight sales do not involve any additional fees or charges, and are typically processed and settled in a single transaction.
Stripe
Stripe is a payment processing company that provides a range of payment processing and financial services to businesses and organizations. Stripe offers online and mobile payment processing, as well as tools for managing subscriptions, invoicing, and other financial tasks.
Submission
Submission is the process of transmitting credit card transactions or other financial data to a payment processor or other service provider for processing. Submissions may be made electronically or via other means, and may include the transmission of transaction details, cardholder information, and other data.
Subpoena
A subpoena is a court order that requires an individual or organization to produce documents or other evidence for use in a legal proceeding. Subpoenas may be issued in connection with credit card disputes, fraud investigations, or other legal matters, and may require the production of documents such as sales drafts, transaction records, or other financial data.
Subscription Billing
Subscription billing is a type of billing that is used to charge customers for recurring payments or services. Subscription billing typically involves charging a customer’s credit or debit card on a regular basis, such as monthly or annually, and may be used to provide access to subscription-based products or services.
Support Documentation
Support documentation is any documentation or other information that is provided by a merchant or other party in support of a credit card transaction or other financial activity. Support documentation may include sales drafts, receipts, invoices, or other documents that provide evidence of a transaction or other financial activity.
Surcharging
Surcharging is the practice of charging customers an additional fee for using a credit or debit card to make a purchase. Surcharging is typically prohibited by credit card networks and may be subject to legal restrictions, but may be allowed in certain circumstances, such as when a merchant incurs additional processing fees for accepting card payments.
Suspicious Transaction Report (STR)
A Suspicious Transaction Report (STR) is a report that is filed with financial regulators or law enforcement agencies when there is reason to believe that a financial transaction or other activity may be related to money laundering, terrorism financing, or other illicit activity. STRs are typically filed by financial institutions or other organizations that are required to report suspicious activity under the Bank Secrecy Act (BSA) or other laws.
SWIFT Address
A SWIFT address is a unique code that is used to identify a financial institution for the purpose of routing financial messages and other data through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. SWIFT addresses are typically assigned by the SWIFT organization and are used to facilitate the exchange of financial information between banks and other financial institutions.
Swipe
Swipe is a term that is used to describe the process of using a credit or debit card to make a payment by sliding the card through a card reader or terminal. Swipe payments are typically made using a magnetic stripe card, and may be processed using a variety of payment processing systems and networks.
T&E Merchant
T&E merchants are merchants that are classified as “Travel and Entertainment” merchants, based on the type of goods or services that they provide. T&E merchants may include businesses that offer travel-related services, such as airlines, hotels, or rental car companies, as well as businesses that provide entertainment-related services, such as movie theaters, concert venues, or theme parks.
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Tap
Tap is a term that is used to describe the process of making a payment using a contactless payment method, such as a mobile payment app or a contactless credit or debit card. To make a payment using tap, the cardholder simply holds their card or device near a contactless card reader or terminal, and the payment is automatically processed.
TC40
TC40 is a code that is used by credit card networks to identify chargebacks that are related to fraud or other unauthorized activity. TC40 chargebacks may be initiated by the card issuer or the cardholder, and may require additional documentation or verification in order to be resolved.
Tellan Software
Tellan Software is a company that provides software solutions for the payment processing industry. Tellan Software offers a range of products and services, including payment gateway software, point-of-sale systems, and fraud prevention tools.
Terminal Fees
Terminal fees are charges that are assessed by a payment processor or other service provider in order to cover the cost of maintaining or upgrading terminals or other payment processing equipment. Terminal fees may be based on the type or number of terminals that are used, and may be assessed on a monthly or annual basis.
Terminal ID
A terminal ID is a unique identifier that is assigned to a terminal or other payment processing device in order to identify it for the purpose of processing transactions and other financial activities. Terminal IDs may be used to track the usage and performance of payment processing equipment, and may be required in order to use certain payment processing systems or networks.
Terminal Identification number (TID)
A Terminal Identification number (TID) is a unique identifier that is assigned to a terminal or other payment processing device in order to identify it for the purpose of processing transactions and other financial activities. TIDs may be used to track the usage and performance of payment processing equipment, and may be required in order to use certain payment processing systems or networks.
Terminal
A terminal is a device that is used to process credit card transactions and other financial transactions. Terminals may be used by merchants, banks, or other organizations to accept payments, dispense cash, or perform other financial tasks.
Terminated Merchant File (TMF)
The Terminated Merchant File (TMF) is a database that is maintained by the credit card networks and is used to track merchants that have been terminated or otherwise banned from accepting credit card payments. Merchants that are listed on the TMF may be subject to additional restrictions or penalties, and may be required to meet certain conditions in order to be removed from the list.
Termination Rights
Termination rights are the rights of a merchant or other party to terminate a contract or other agreement with a payment processor or other service provider. Termination rights may be exercised by the merchant or other party for any number of reasons, including breach of contract, change in business needs, or dissatisfaction with the service provided.
Third Party Payment Providers
Third party payment providers are companies or organizations that provide payment processing or other financial services to merchants or other parties on behalf of banks or other financial institutions. Third party payment providers may offer a range of services, including credit and debit card processing, online payment processing, and other financial services.
Tiered Pricing Model (Bundled)
A tiered pricing model is a type of pricing model that is used by payment processors and other service providers to charge different fees or rates based on the type or volume of transactions being processed. In a tiered pricing model, transactions are typically grouped into three different tiers or categories, and different fees or rates are applied to each tier.
Token Service Provider (TSP)
A Token Service Provider (TSP) is a company or organization that provides tokenization services to merchants or other parties. Tokenization is the process of replacing sensitive data, such as credit card numbers or other personal information, with a unique token or other identifier that can be used to securely process transactions without exposing the sensitive data. TSPs may provide tokenization services as a standalone service or as part of a larger payment processing or security solution.
Token/Security Token/Authorization Token
A token is a unique identifier that is used to represent sensitive data, such as a credit card number or other personal information. Tokens are typically used to securely process transactions or other financial activities without exposing the sensitive data. Security tokens and authorization tokens are types of tokens that are used to secure transactions or other financial activities by providing an additional layer of authentication or authorization.
Tokenization
Tokenization is the process of replacing sensitive data, such as credit card numbers or other personal information, with a unique token or other identifier that can be used to securely process transactions without exposing the sensitive data. Tokenization can help to protect sensitive data from being accessed or compromised by unauthorized parties, and is often used in conjunction with other security measures, such as encryption or multi-factor authentication.
Trade Reference
A trade reference is a reference provided by a merchant or other party to a payment processor or other service provider in order to establish the merchant’s creditworthiness or other financial information. Trade references may include information about the merchant’s business, such as its size, industry, or credit history, and may be used to determine the merchant’s eligibility for certain services or rates.
Transaction Date
The transaction date is the date on which a transaction is initiated or completed. The transaction date may be important for a variety of reasons, including accounting, tax reporting, or recordkeeping.
Transaction Fee
A transaction fee is a charge that is assessed by a payment processor or other service provider in order to cover the cost of processing a transaction or providing other financial services. Transaction fees may be based on the type or volume of transactions being processed, and may be assessed on a pertransaction or monthly basis.
Transaction ID
A transaction ID is a unique identifier that is assigned to a transaction in order to track and identify it for the purpose of processing, reporting, or other financial activities. Transaction IDs may be used to verify the authenticity or status of a transaction, and may be required in order to dispute or resolve any issues with a transaction.
Transaction Status
The transaction status is the current status or status history of a transaction, as recorded by a payment processor or other service provider. Transaction status may indicate whether a transaction was successful, declined, or pending, and may also provide additional information about the transaction, such as the reason for any declined or failed transactions.
Transaction
A transaction is a financial exchange or other activity that involves the transfer of goods, services, or funds between two or more parties. Transactions may be conducted using a variety of payment methods, including cash, checks, credit or debit cards, or electronic payments.