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| Word |
Description |
| Credit Card Address Verification |
Accepting credit cards, whether in a store, on the phone, mail orders or on the Internet, have a certain amount of risks as it pertains to fraud. There is nothing new about stolen credit cards, stolen credit card numbers, fake credit cards and numbers and so on. Mechanisms have been developed to protect mail order/telephone order and internet merchants that need to deal with "credit card not present" transactions. This is one method. |
| eCommerce |
Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well.
Source : http://en.wikipedia.org/wiki/Ecommerce |
| Merchant Account |
According to wikipedia, A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions. |
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