Gateway

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A gateway is a company that provides the connection between a website, a terminal or any other credit card processing device and the credit card companies. It is structurally similar to an ISP that provides access to the Internet, except that gateways are involved only...

Gateway Fees

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Gateway fees are the costs charged by companies like First Data Corporation for access to the networks that handle the financial data processing of credit card purchases. They are thus quite similar to the fees paid to the ISPs (Internet Service Providers) whose networks...

Gift Cards

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Gift cards offer consumers an easy way to give others the power to spend at popular retailers. While gift cards are not a form of currency in the traditional sense, they can be used much like an in-store credit. Demand for these cards has risen significantly since the mid-1990s...

Global Payment Systems

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Global payment systems are worldwide electronic pathways that accept and reconcile payments in numerous currencies, through credit cards and other country specific financial instruments, in numerous languages and dialects. International businesses generate sales through...

Google Wallet

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Google Wallet is a mobile payment system, first demonstrated in May 2011 and released in September of that year, that allows users to store credit and debit card information and make payments through near field communication (NFC) technology. Through the MasterCard PayPass...

Groupon

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Groupon is a website that offers consumers the opportunity to take advantage of limited quantity pricing deals. A common example of a Groupon offer is the option to pay $10 to receive a voucher worth $20 at a local restaurant. Each of these deals has an expiration date, and...

Guarantor

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A guarantor is a person or business entity that makes a financial promise, sometimes backed with collateral, for another person or business entity that is requesting either a loan, credit or some form of financial responsibility for which he or it is unable to qualify on...