|
|
 |
Glossary of Electronic Payment Processing Terms |
|
|
|
Please select a letter corresponding to the word you are wanting defined. |
|
A | B |
C | D | E |
F | G | H |
I | J | K |
L | M | N |
O | P | Q |
R | S | T |
U | V | W |
X | Y | Z
|
Leased Line
A dedicated telecom connection with either point-to-point or multi-point configuration.
|
back to top
|
Level I Data
Level I purchasing card data includes the same information captured during a traditional credit card purchase transaction.
This includes: total purchase amount, date, merchant category code and supplier/retailer name.
|
back to top
|
Level II Data
Level II purchasing card data includes the same information captured at Level I, plus the following: sales tax amount,
customer's accounting code, merchant's tax ID number, applicable minority- and women-owned business status, and sales
outlet zip code.
|
back to top
|
Level III Data
Level III purchasing card data includes the same information captured at Levels I and II, plus the following: quantities,
product codes, product descriptions, ship to zip, freight amount, duty amount, order/ticket number, unit of measure,
extended item amount, discount indicator, discount amount, net/gross indicator, tax rate applied, tax type applied, debit
or credit indicator, and alternate tax identifier.
|
back to top
|
Line of Credit
The amount of credit a lender will extend to a borrower over a specified period of time.
|
back to top
|
Lockbox
A service that processes payments by check and credits the appropriate business.
|
back to top
|
A | B |
C | D | E |
F | G | H |
I | J | K |
L | M | N |
O | P | Q |
R | S | T |
U | V | W |
X | Y | Z
|
|
|
|
