Merchant Glossary Terms Starting with T
Travel and Entertainment (T&E) Card - A Travel and Entertainment (T&E) card is a charge card that is issued by a banking institution or merchant service provider to a business so it can pay for hotels, airline tickets, automotive rentals, meals and other business-related expenses.
Verifone Tranz 330 – The Verifone Tranz 330 is a basic payment transaction point of sale (POS) terminal with pre-programmed prompts for banking applications.
Transaction Fee – A transaction fee is a per-item fee that is charged to the merchant by the acquirer for transaction activity such as sales, credits, returns, batch closures and more. A common transaction fee for keyed transactions, for example, is close to 30 cents. If a merchant makes one hundred sales every month, then, of course, the total of all transaction fees will be 30 dollars.
Trade Reference – A trade reference is a company with which a merchant does regular business, used as a means of verifying the creditworthiness of that merchant to a third party considering the extension of credit.
Thales Talento EFT – The Thales Talento EFT is a credit card terminal processing machine that has established itself as a flexible and secure solution within the retail, hospitality, restaurant and service industries worldwide.
Terminal Provider - A terminal provider typically refers to a manufacturer, vendor and/or service provider that offers either actual (physical) point-of-sale (POS) payment card processing terminals and systems, or a virtual credit card processing terminal, to merchants who conduct brick-and-mortar retail and/or online sales.
Terminal Identification Number (TID) – Terminal Identification Number, also known as a TID or TIN, is a unique number assigned and linked to a specific point-of-sale (POS) terminal or workstation that can be used to identify the merchant operating the terminal during credit card sales transaction processing.
Tellan Software – Tellan Software was a leading supplier of PC-based electronic payment solutions for online commerce, businesses that employed PCs as electronic cash registers, mail order companies, home-based businesses and international enterprises that sought to consolidate payment applications into a centralized payment platform.
