Key Players
This Key Player obtains a payment card through an Issuing Bank, use a payment card to make purchases with merchants
What is a Cardholder?
Initial meeting with the prospective business to offer our POS services.
What is "First Appointment"
3-digit security code at the back of a card
What is a CVV/CVC Code?
To approve or Deny a transaction
What is Authorization?
20% or more of a merchant’s business is not in person; the card is not present
What is MOTO/MOPO?
A Key Player that accepts payment cards as a form of payment from cardholders, use acquirer services to process payments
What is a Merchant?
Strategic process of identifying and contacting potential customers .
What is Prospecting?
What is a Health and Savings Account Card?
Transfer of funds for amounts due (Paying the appropriate parties)
What is Settlement?
100% online or corporate card business-to-business merchants
A Key Player that partners with a card brand to create and issue payment cards to cardholders, responsible for cardholder accounts/funds
What is an Issuing Bank?
What is Equipment?
What does "EMV" stand for?
What is Europay, Mastercard, Visa
Type of fee that is being paid to Card Brands
What is an Association Fee?
80% or more of a merchant’s business is face-to-face with the card present
What is Retail?
Creators of card technology and payment networks, regulate security rules throughout the industry for all parties
Verifying the merchant is operating a legitimate business.
What is UnderWriting?
What are the 4 entry methods for payment transaction?
TAP, MANUAL ENTRY, DIP, and SWIPE
Type of fee that is being paid to Issuing Banks
Interchange Fee
BONUS (?)
You have the power to either add 400 points to another group, or deduct 400 points to a group of your choice.
Facilitate payment card processing solutions to/with merchants
What is an Acquirer?
A process once proposal has been accepted.
What is Contract Signing?
BONUS POINT!
PLUS 500 FOR YOUR TEAM!
_____ funds Association and Interchange Fees
What is an Acquirer?
What is eCommerce?