Glossary of Terms: T
T & E Cards
Cards that are developed for, and used primarily in, travel-related services.
T & E Merchant
An airline, car rental company or lodging establishment with a primary function of providing travel-related services.
Terminal Capture System - The process by which transactions are stored in the terminal until the batch is settled to the host. Most often used in restaurant applications where tip adjustments need to be made.
Selling goods or services over the phone, for payment by credit card.
Terminal Identification Number - number identifying a merchant to the front-end network.
Track One information, stored on the magnetic stripe on the back of a card, has the cardholder's name in addition to the account number and expiration date stored in it.
Track Two information, stored on the magnetic stripe on the back of a card, has the account number and expiration date.
Any action between a cardholder and a merchant or member that results in activity on the account, such as a purchase, cash advance or credit.
The actual date on which a transaction occurs.
The amount a merchant pays per transaction for processing.