Merchant Services Terms Beginning with H

Highly Suspect Merchant - A highly suspect merchant is one who has a disproportionately large amount of questionable transactions in relation to the total business conducted over a fixed period of time. While many factors are used to determine whether or not a merchant is suspect, highly suspect or not suspect at all, the single most damaging category are transactions that were recorded on or near a date that a credit card was reported lost or stolen.

Hypercom - Hypercom Corporation is one of the largest providers of electronic payment solutions and point of transaction services in the world.

Hypercom ICE 5500 – The new countertop point of sale terminal, Hypercom’s ICE 5500, raises the performance bar for all other web enabled countertop merchant transaction processing terminals.

Hypercom Optimum T4100 – The Hypercom Optimum T4100 is a multiple payment card terminal that processes sales transactions and for retail merchants and their customers.

Hypercom T7 Plus – The Hypercom T7 Plus is a payment card processing terminal intended for countertop point of sales (POS) retail operations that require a low cost, efficient and reliable terminal that accepts all types of magnetic stripe cards for payment as well as efficient online transaction authorizations.

Hypercom T77 – The Hypercom T77 dial-up processing terminal is a compact, low cost credit card machine that offers a wide variety of operations including processing of credit cards, debit cards, and stored value cards, in addition to processing checks and proprietary cards.

Holdback - A holdback is a fixed percentage of a merchant’s total dollar volume not delivered to his account but held by the credit card processing bank to cover any future unforeseen catastrophic losses. A holdback percentage is sometimes levied on new merchant account applications if the applicant does not have sufficient credit history or assets to qualify.