Face to Face

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Face-to-face credit card transactions occur when the card holder is present at a retail establishment and uses his credit card to complete a purchase. Face-to-face transactions are the easiest, simplest, most secure transactions for both the merchant and the card holder....

Factoring

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Factoring is a process where businesses sell their receivables, that is, the money owed to them by other businesses, to a third party at a discount. It is quite often confused with accounts receivable financing, which is completely different. In accounts receivable...

Federal Tax ID Number

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Federal Tax ID Numbers for businesses are known as Employer Identification Numbers (EIN), and are issued by the Internal Revenue Service to identify particular business entities for tax purposes. Before 2001, the first two digits of the EIN identified the business as...

First Data Corporation (FDC)

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First Data Corporation (FDC) is the largest company in the world whose sole function is to process electronic transaction data. For many of the world’s largest corporations, your local merchants and even individuals, First Data is the gateway company that securely...

Full Business Name

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A firm’s full business name is the name that was entered onto the registration certificate it filed with the proper federal and state government agencies, as well as the IRS. The full business name of any entity is often changed or shortened after the filing of the...