Payment Glossary

NCUA (National Credit Union Administration)

The National Credit Union Administration is an independent federal agency that regulates federal credit unions. It also operates the National Credit Union Share Insurance Fund.

Related Terms

  • Authorizations (Card Processing)

    All transactions must be authorized via terminal, cash register, voice authorization, or automated voice response phone system (IVR).

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  • Merchant

    A merchant is business that exchanges goods for monetary funds.

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