Merchant Services Terms

ABA Transit Routing Number
A routing transit number (RTN) is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checkside...
Wed, 21 Nov, 2018 at 8:34 PM
ACH (Automated Clearing House)
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit tra...
Wed, 21 Nov, 2018 at 8:35 PM
Acquirer
A federally insured financial institution that partners with a Processor, responsible for connecting merchants to the Card Associations for authorization an...
Wed, 21 Nov, 2018 at 8:37 PM
Acquirer / Acquiring Bank
An acquiring bank (or acquirer) is the bank or financial institution that processes credit and or debit card payments for products or services for a merchan...
Wed, 21 Nov, 2018 at 8:38 PM
Acquiring Processor
The credit card processing entity with which an Acquirer partners in order to provide merchants with transaction clearing, settlement, billing and reporting...
Wed, 21 Nov, 2018 at 8:38 PM
Address Verification Service (AVS)
A system established by the credit card processing associations to verify customer billing addresses submitted with e-commerce payment transactions. Though ...
Wed, 21 Nov, 2018 at 9:25 PM
Application Program Interface (API)
A computer communication protocol that facilitates the transfer of or access to information between two separate software or computer applications.
Wed, 21 Nov, 2018 at 9:26 PM
AOA
The America Outdoors Association, which PATH is a "preferred provider" of merchant services for.
Wed, 21 Nov, 2018 at 9:26 PM
ATM
ATMs are not for everybody, but if you have a high traffic retail location in an area that doesn’t have many retail banking options, then you may want to ch...
Wed, 21 Nov, 2018 at 9:26 PM
Authentication
A practice or procedure to verify the identity of an individual or organization. There are varying levels of authentication for accepting payments. Examples...
Wed, 21 Nov, 2018 at 9:27 PM