E-Commerce

Merchant Warehouse | VIEW PROFILE

E-Commerce – also known as Electronic Commerce – is the processing of sales transactions for goods or services made through electronic communications, such as the internet. Electronic commerce is generally considered to be the sales aspect of electronic business. It also...

EDC Terminal

Merchant Warehouse | VIEW PROFILE

An EDC terminal – sometimes referred to as Electronic Data Capture terminal – a point-of-sale device that reads information encoded in the bankcard’s magnetic stripe, performs authorization functions, stores transaction data, and batches and transmits that data to the...

Electronic Funds Transfer

Merchant Warehouse | VIEW PROFILE

Electronic Funds Transfer – or EFT – is a system of transferring money or funds from one bank account directly to another without any paper money or funds changing hands in the exchange. One of the most widely-used EFT programs is some thing called direct deposit, in which...

Electronic Ticket Capture

Merchant Warehouse | VIEW PROFILE

Electronic Ticket Capture (ETC) systems are the devices with which a retailer “swipes” your card when you make a credit card purchase. The device reads your account information from the magnetic strip on the back of the card, adds the amount, date and type of purchase...

Embossing

Merchant Warehouse | VIEW PROFILE

Embossing is a hybrid printing/production process whereby numbers and letters are pressed into the surface of the receiving material, either paper, plastic or metal, and can be felt as well as read optically. Originally utilized on credit cards to copy the account...

EMV (Europay, MasterCard and Visa)

Merchant Warehouse | VIEW PROFILE

The term EMV, which stands for Europay, MasterCard and Visa, refers to a global standard of authentication for credit and debit card transactions. EMV standards apply to contact cards, contact-less cards and card-not-present transactions over the Internet or telephone. In...

Encryption

Merchant Warehouse | VIEW PROFILE

Encryption is an advanced technology that effectively changes and scrambles information to prevent it from being changed, copied or stolen. Encryption became critically important in World War II with the advent of more sophisticated forms of communication. As generals and...

The Electronic Transactions Association

Merchant Warehouse | VIEW PROFILE

The Electronic Transactions Association – or ETA – is an international trade association based in Washington, D.C. that represents merchants and offers electronic transaction processing products and services. The purpose of the ETA is to influence, monitor and shape the...