Finance

Tag: ME

  • Merchant Bank

    Merchant Bank in the Context of Payments Definition of Merchant Bank in the context of payments: See Acquiring Financial Institution.

  • Media Retrieval Requests

    Media Retrieval Requests in the Context of Payments Definition of Media Retrieval Requests in the context of payments: Media retrieval is the process of obtaining paper documents from a centralized location. There are two types of media retrieval requests: 1) requests for sales records from […]

  • Merchant Discount

    Merchant Discount in the Context of Payments Definition of Merchant Discount in the context of payments: The fee an acquiring member charges the merchant to cover the costs of providing deposit credit and handling credit card sales transactions. See Discount Rate.

  • Mechanics Lien

    Treatment of Mechanics Lien in the United States Law The following is a short concept of Mechanics Lien published by Marco Terry: A security interest in the legal title of a property by subcontractors and suppliers who have provided labor/products to improve the property.

  • Member Rate

    Definition of Member Rate in Futures Trading In this area, here is a meaning of Member Rate: Commission charged for the execution of an order for a person who is a member of or has trading privileges at the exchange.

  • Medical Factoring

    Treatment of Medical Factoring in the United States Law The following is a short concept of Medical Factoring published by Marco Terry: A specialized form of factoring that is designed to work with medical companies that bill third party private insurance companies, Medicare or Medicaid.

  • Memory

    ROM in the Context of Payments Definition of ROM in the context of payments: Read-Only Memory – memory and information that cannot be changed.

  • Merchant Agreement

    Merchant Agreement in the Context of Payments Definition of Merchant Agreement in the context of payments: The written contract between the merchant and acquirer that details their respective rights, responsibilities and warranties.

  • Merchant Account

    Merchant Account in the Context of Payments Definition of Merchant Account in the context of payments: An account setup by a Merchant Bank (in this case, Innovative Merchant Solutions) which is used by the Gateway to process your credit card transactions.

  • Member

    Member in the Context of Payments Definition of Member in the context of payments: A financial institution that is a member of Visa and/or MasterCard. A member is licensed to issue cards to cardholders (issuer) and/or accepts merchant drafts (acquirer).