These fees allow for the quick offset of transaction processing costs for methods of payment that are outside of a business’s traditional methods. Learn MoreLearn More
TEL (Telephone Initiated Entries)
A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over the telephone. This type of transaction may be used only in those instances where (1) there is an existing relationship between originator and consumer, or (2) in the absence of such relationship the consumer has been the party to initiate the call.
Hosted tokenization enables payments inside of software applications to be processed without exposing the actual payment information, such as a credit card number. Learn MoreLearn More