A stripe of magnetic information affixed to the back of a plastic credit or debit card. The magnetic stripe contains essential cardmember and account information.

Refers to direct marketing (card not present transactions).

A piece of credit card processing equipment in which the merchant physically rather than electronically imprints information off a consumer's credit card.

Card won't swipe due to bad magnetic strip or bad magnetic strip reader which or card taken over phone which forces merchant to key in credit card # by hand.

An association of banks that governs the issuing and acquiring of MasterCard® transactions.

Media retrieval is the process of obtaining paper documents from a centralized location. There are two types of media retrieval requests that can be obtained: 1) requests for sales drafts from cardholders and 2) requests for documentation in defense of the chargeback from card issuers. Merchants must fulfill media within 12 days of receipt. If the media is fulfilled after 12 days of receipt, the status is fulfilled late.If the media is not fulfilled at all, the status is expired.

Store owner or seller of products.

a series or group of numbers that numerically identifies each merchant account to the credit card processing company or merchant bank for accounting and billing purposes.

Account needed for credit card processing.

The initial correspondence and contract between the merchant and the credit card processing company; when this agreement is approved, a merchant services account is set up.

A bank that holds a merchant account. After a consumer buys a product using a credit card, the merchant bank places funds into a merchant account in exchange for the right to collect on the debt owed by a consumer. See also merchant account provider.

A bank that holds a merchant account. After a consumer buys a product using a credit card, the merchant bank places funds into a merchant account in exchange for the right to collect on the debt owed by a consumer. See also merchant account provider.

A code assigned by an Acquirer to identify a merchant's type or mode of business and the merchandise sold.

A series or group of numbers that numerically identifies each merchant account to the credit card processing company or merchant bank for accounting and billing purposes.

A bank, ISO, or other firm that provides services for processing financial transactions, usually credit card sales.

Summarizes merchant's credit card activity and fees accrued for a given month. Usually sent to merchants at the end of the first week of the following month.

The credit card is not present and the merchant punches in the information from the credit card into the credit card terminal.