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Glossary of Terms
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T
T+E Card
Travel and Entertainment cards such as American Express, Discover, Diners, JCB (rates are
determined by T+E Card company)
Terminal
machine that processes credit cards (ex. Verifone Tranz 330 or Hypercom T77)
Terminal Application
Type of software program used to run terminal (ex. Restaurant, Retail, Hotel, MOTO)
Terminal ID
a series or group of numbers that numerically identifies a specific piece of credit card processing
equipment to the credit card processor.
Tip
Customer tip added to sale after sale has been entered and authorized by terminal.
Tip Assist Program
Restaurant application that automatically calculates 10%, 15%, 20%, etc. or sales amount
Transaction
A credit card sale or refund between the cardholder and merchant, or the processing of the
exchange by the Acquirer.
Transit/Routing #
# identifying a particular bank branch.
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