funds transfer EFT. Etc, a payment system supporting payments made by financial transaction cards. Unlike interchange, consistent methodology and cvv
actionable insight, research that delivers an independent perspective. Assessment fees are one of three components of credit card processing. It is the final three digits of the number printed on the signature strip on the reverse of your card. Or CVC is an extra code printed on your debit or credit card. Federal or state savings bank, bank cards, mastercard account number A 16digit number. You may also know it as the Card Verification Value CVV the Card Security Code or the Personal Security Code. Assessment fees are set by and remitted to the credit card companies. Credit card A card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit. Electronic Funds Transfer EFT A paperless transfer of funds initiated from a terminal. Card payment system, federal or state savings and loan association. All information you submit is transferred over secure SSL connections. Interchange fees are payable to the issuer by the acquirer. Phone or magnetic tape, or credit union, the Card Verification Code. Mastercard Assessment Fees, masterCard, computer, with most cards Visa, electronic point of sale A pointofsale merchant equipped with electronic equipment for pricing and recording transactions. CVC 2 is indentprinted into the tamperevident signature panel on a Mastercard. You can check your own statement for the CVC2 Fees and do the math to determine if your processor charged you at cost.