Remove Card Association Remove Credit Limit Remove Issuers
article thumbnail

Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52
article thumbnail

Can Virtual Cards Void Checks’ Feeble Future?

PYMNTS

Consider the fact that, among headlines generated in recent months surrounding virtual card adoption, TSYS — which provides solutions for issuers, merchants and consumers — said in February that JPMorgan will offer its Virtual Payment Precept SM , a virtual card platform that integrates with ePayable solutions.

Void 76