Merchant Services Icon on HMS Knowledge BaseThis is the collected archive of The Host Merchant Services Knowledge Base effort. Payment processing can be confusing with its myriad of buzzwords and industry terms. HMS wants to make the payment processing industry clear and transparent so that our customers know exactly what is on their statement. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So through this Knowledge Base we are going to take the time needed to explain how everything works.

Industry Terms

Just click on the link to go to the full entry for each of these specific industry terms:

Acquirer

AVS

Basis Points

Batch

Capture

Card-Not-Present

Chargeback

Cloud Hosting

Credit Card

Cross Border Fee

CVV

Debit Cards

Discount Rate

EBT

EMV Cards

FANF

Gift Cards

Interchange

International Service Assessment

Large Ticket Programs

Level I, II and III Data

Loyalty Program

Continue Reading – Knowledge Base, Part 2

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