Tooltip Tags: payment instruments

crossed cheque

Cheque that can only be deposited directly into an account with a bank and cannot be immediately cashed by a bank over the counter. (source:

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credit card terminal

A Credit Card Terminal, also called an Electronic Data Capture Terminal or EDC Terminal for short, is an electronic device that enables merchants to accept

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credit card

A card issued by a financial institution or a company that entitles the holder to sign for goods and services and to pay for them

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credit card annual fees

Fixed amount that a financial institution charges to a credit or debit card holder, for issuing, replacement or renewal, and management. In the case here

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credit card issuer

A credit card issuer is a bank or credit union who offers credit cards. The credit card issuer makes the credit limit available to cardholders

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credit card system

A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services

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counter cheque

A type of cheque made available at a bank to customers who forget their cheque book. (source: http://www.btb.termiumplus.gc.ca)

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contactless smart card

A contactless smart card is any pocket-sized card with embedded integrated circuits that can process and store data, and communicate with a terminal via radio

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commercial paper

An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Maturities on commercial paper

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