Card-Present Transaction
May 12, 2025 9:20 am |
A transaction in which the card is physically presented at the point of sale.
Archives
Check Forgery
May 12, 2025 9:20 am |
A fraudulent act where a criminal alters or creates a check without authorization to unlawfully withdraw funds.
Check Kiting
May 12, 2025 9:20 am |
A type of fraud where funds are moved between bank accounts to falsely inflate account balances and avoid overdrafts.
Check Washing
May 12, 2025 9:20 am |
A type of check fraud where criminals use chemicals to erase details from a check, allowing them to rewrite the check fraudulently.
Cloud Computing
May 12, 2025 9:20 am |
The use of internet-based computing resources for data storage, management, and processing.
Contactless Payment
May 12, 2025 9:20 am |
A payment method that uses RFID or NFC technology to make secure payments without physically swiping or inserting a card.
Credit Memo
May 12, 2025 9:20 am |
A document issued by a seller reduces the amount owed by a buyer, often due to returned goods or pricing errors. D
Data Protection
May 12, 2025 9:20 am |
Practices and technologies used to protect sensitive data from unauthorized access or theft.
Debit Memo
May 12, 2025 9:20 am |
A document issued by a buyer to notify the supplier of a debit made to their account, often due to pricing or quantity discrepancies.
DFI (Depository Financial Institution)
May 12, 2025 9:20 am |
A financial institution authorized to accept monetary deposits and facilitate financial transactions. Discount Terms (e.g., 2/10 Net 30) Payment terms that offer a discount (e.g., 2%) if payment is made within a specific period (e.g., 10 days), with the full amount due in 30 days. E
