resource center glossary of terms

Welcome to our glossary of terms. We decided to put together a list of know industry terms to help you, the merchant, better understand some of our lingo.

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LAN
Local Area Network

Late Settlement Fee
Fee paid to MasterCard or Visa by the member for late processing of settlement.

Line Of Credit
The amount of credit a lender will extend to a borrower over a specified period of time.

Lost/Stolen Card Reporting Service
An issuer-provided service where the cardholder registers card account numbers with the issuer who will notify the individual issuers if cards are lost or stolen. This type of service is often offered through a card registration company.

Capital Payments, LLC is a registered ISO and MSP for the following FDIC Insured Banks. HSBC Bank USA, National Association, Buffalo NY; Wells Fargo Bank, N.A. Walnut Creek, CA; and Merrick Bank Corp., South Jordan, UT.