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Glossary of Electronic Payment Processing Terms
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Offline Debit
Debit transaction that occurs when a Visa/MasterCard check card is authorized through the credit card system and the amount is debited from the cardholder's checking (DDA) account.


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Offline Transaction
A transaction that is authorized through a voice authorization and later keyed into a POS terminal prior to settlement.


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OK Number
A validation number from the host computer confirming a successful batch deposit.


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Online Transaction
A transaction that is authorized electronically from the front-end network.


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