A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

 

A

Accessories – We have a dedicated online store delivering accessories for card machines, Epos systems and other POS equipment.

Address Verification System – Commonly known as AVS, The Address Verification System is a system used to verify the address of a person claiming to own a credit card. The system will check the billing address provided by the user with the address on file at the credit card company

Alert Irruption – means the credit card terminal can longer be used to process credit card transactions. Within the innards of the card machine, sits an anti-tamper proof device, if the handset feels it is being tampered with or if the terminal suffers a hard impact, the anti-tamper proof device will trigger and shut the terminal down.

Amex – American Express is a financial services company founded in 1850

Android Pay – Android Pay was launched in 2016 and is a digital wallet platform developed by Google to alow customers to tap and pay for purchases on mobile devices.

Apple pay – It was first released in 2014 and Applr Pay lets customers make purchases easily, quickly and securely.

APACS – The UK Payments Administration Ltd (UKPA) (previously APACS, the Association for Payment Clearing Services) is a UK trade organisation that brings together all card payment systems organisations and gives banks, building societies and card issuers a forum where they can work together on non-competitive issues

Authorisation hold (also card authorisation, preauthorisation, or preauth) is the practice within the banking industry of authorising electronic transactions done with a debit card or credit card and holding this balance as unavailable until the merchant clears the transaction (also called settlement).

Authorisation code – A merchant usually receives an authorisation code to confirm that a credit card purchase has been approved. This code confirms that the credit card is valid and that funds are available for the purchase.

AIB – Ireland’s largest provider of payment solutions

ATV – Is an abbreviation for “Average Transaction Value” which is frequently asked when applying for a merchant account.

B

BACS – Formerly known as Bankers’ Automated Clearing Services is a scheme for the electronic processing of financial transactions within the United Kingdom. Direct debits and direct deposits are made using the BACS system.

Banter – the playful and friendly exchange of teasing remarks.

Barclays – Barclays is a British multinational banking and financial services company.

Bespoke Solutions - is a term used for an individual or custom-made products or services. Wireless Terminal Solutions offer bespoke card terminal or merchant account solutions to meet your requirement, whether you are an exhibitor attending an event for the first time, or perhaps you’re an event organiser.

Bluetooth Card Machine – Sometimes referred to a as a portable handset. Wireless Terminal Solutions are a market leader in supplying the mobile portable/Bluetooth card terminals on a short term/Long term hire basis. The card machine works through Bluetooth connectivity, which communicates with a central hub that’s connected to your phone or broadband line. The payment terminal can then be carried to any location within its range and handed straight to the customer, providing complete flexibility.

Broadband Connection – The term broadband commonly refers to high-speed Internet access that is always on and faster than the traditional dial-up access. Broadband includes several high-speed transmission technologies such as: Digital Subscriber Line (DSL) Cable Modem & Fibre

Banknote Validator – These are available in our online store. A banknote validator is a device that determines whether notes are genuine or counterfeit and these are extremely popular for the hospitality environment.

Bases – We supply replacement equipment on all handsets. Please visit our online store or call 0345 459 9984.

Backend System – More frequently associated with an ePOS system. A back end system will allow a business owner to manage and update their epos system with stock, price reductions, easily and quickly.

C

ChinaPay – Which is sometimes referred to as UnionPay is a Chinese financial services corporation headquartered in Shanghai.

CNP – Customer not present

Cardnet – is a joint venture between Lloyds Banking Group and First Data, one of the world’s largest card processors

Chargeback – a demand by a credit-card provider for a retailer to make good the loss on a fraudulent or disputed transaction.

Charities – We work with an extensive list of charities for all their card payment processing and hardware and offer concessionary rates.

Chip and PIN –  is a brand name adopted by the banking industries in the United Kingdom and Ireland for the EMV smart card payment system for credit, debit, and ATM cards

Countertop  These are trusted by many UK businesses, because of their simplicity to use, not mention the speed and security. The countertop card terminal connects directly to a PSTN or IP line and a dedicated power source.

Credit Card – A credit card is a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit.

CSC – Often known as Card Security code. For MasterCard and Visa, the CSC is the last three digits in the signature area on the back of your card. For American Express, the CSC is a group of four digits on front of the card.

Cash Drawer – A cash drawer comes with an Epos rental. It will store cash from sales and has the ability to retain receipts and other important paperwork. All our cash drawers are safe and secure.

Cloud Based – Is where your Epos system operates through a Wi-Fi connection. A cloud based Epos system gives customers the opportunity for applications, services or resources made available from a cloud computing provider’s servers.

D

Debit Card – a card allowing the holder to transfer money electronically from their bank account when making a purchase.

DPD – The preferred choice of courier for Wireless Terminal Solutions shipments.

Docusign – that provides electronic signature technology and Digital Transaction Management services for facilitating electronic exchanges of contracts and signed documents

E

Excel – One of the larger exhibition venues in the UK, that hosts many of the UK’s leading consumer events. Based near Docklands in London.

Exhibitions – Wireless Terminal Solutions are a market leader, and specialise in supplying credit and debit card terminals to exhibitors attending exhibitions.

E-Commerce – Short for electronic commerce, is trading in products or services using computer networks

EFT series – A popular model by Ingenico which is due to be phased out at the end of 2017.

Electronic payments – payments that are made directly to payee from your bank accounts using security features over the Internet to process the transactions.

Elavon – Elavon is a major processor of credit card transactions, and a subsidiary of U.S. Bancorp. Elavon offers merchant processing.

EE – EE, formerly Everything Everywhere, is a British mobile network operator and internet service provider.

End of Day – A process which is strongly recommended to all business owners who access a card machine. Financial institutions recommend customers to complete their reconciliation each day to avoid the credits to your bank account being delayed.

ePOS – ePOS or till system which they are sometimes referred too. Electronic point of sale – a technology which enables an efficient recording of the sale of goods or services to the customer.

F

Face to Face transactions – With a merchant account from Wireless Terminal Solutions, you can accept credit and debit card payments face to face, online, over the phone or via mail order.

First Data Corporation –  is a global payment technology solutions company headquartered in Atlanta, Georgia, United States

G

GSM – (Global System for Mobile communication) is a digital mobile telephony system that is widely used in Europe and other parts of the world. GSM uses a variation of time division multiple access (TDMA) and is the most widely used of the three digital wireless telephony technologies.

Global Payments – Global Payments Inc. is a provider of electronic transaction processing services for merchants.

GPRS – General Packet Radio Service is a packet oriented mobile data service on the 2G and 3G cellular communication system’s global system for mobile communications. (Source Wikipedia)

Gratuity – A facility that can be used on the iWL series which is particularly popular for restaurants and bars where service charges may be applicable, or customers have the option to leave a tip.

Gift Aid – Gift Aid is an income tax relief designed to help charities. If the person making the donation is a UK taxpayer, Gift Aid increases the value of your charity donations by 25%.

H

Handsets – Another name a card machine can be referred too.

Hardware – Wireless Terminal Solutions deliver an array of hardware solutions for POS environments, including Epos and card machines.

How to Guide – All Our handsets come with an extensive how to guide.

I

Ingenico – Ingenico is a French-based company, whose business is to provide the technology involved in secure electronic transactions.

Issuing Bank – The bank that issues credit cards. The cardholder will have a credit agreement with the issuing bank to supply funds, which is then taken from their bank account

Innovative – We are constantly looking to deliver new innovative ways in which customers can process payments.

IT solutions – if you are hosting an event you may need bespoke IT solutions. Please contact us on 0345 459 9984 to discuss this in greater detail.

International Sim – If your business is trading abroad and you need a mobile handset, then you will need an international sim. These are different from traditional M2M sim cards. Please get in touch to learn more.

J

Jobs – please check our website to check for vacancies.

 

K

Key Pad – Is a set of buttons found on a card machine below the screen

Knowledge Base – A unique page on our website giving customers direct support to FAQ terminal related issues.

L

Late Bookings – Other companies will often decline the opportunity due to the timescale however we will always go above and beyond in order to ensure you have a card machine as and when you need it. We pride ourselves on our quick turnaround of card terminal provision.

Log on – Wireless Terminal Solutions undertake a log on for all orders, submitting a request to the bank.

Logistics – the detailed organisation and implementation of a complex operation.

Long term rental – Minimise your monthly running costs by choosing a long term hire agreement with Wireless Terminal Solutions. We offer agreements from 2-5 years with prices to suit, paid by a monthly service agreement that is cost effective and fixed for the length of its term.

Lloyds Cardnet – is a joint venture between Lloyds Banking Group and First Data, one of the world’s largest card processors.

M

The Move 5000 – is a new handset (which is due for release in 2018) and will have access to a world of business apps.

Merchant account – A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards (Source Wikipedia)

Maestro – is owned by Mastercard and was founded in 1992

Mastercard  – Mastercard is a leader in global payments

MID – merchant Identification.

Manage – We will manage all aspects of your booking, from preparing the POS equipment, through to dispatch and any necessary training you may need. .

MOTO – A MOTO merchant account is similar to a conventional internet merchant account (IMA) in that they both offer ‘cardholder not present’ (CNP) processing.

Mobile GPRS Terminals – Wireless Terminal Solutions are a market leader in supplying mobile card machines in the UK have with the knowledge and understanding of how they are used and ensure that all terminals supplied work in the desired areas.

N

NTC – “New to cards” An increasing number of customers prefer to pay by card these days, particularly with the introduction of contactless and Android Pay. if your business does not yet have the facility to take card payments then you are missing out on potential sales. Another benefit of starting to accept cards will be your improved cash flow as payments come in. Call us today on 0345 459 9984.

NEC – One of the leading exhibition venues in the UK.

Network Provider – A mobile network operator or MNO (also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier) is a provider of wireless communications services.

O

Ofcom – is the communications regulator in the UK.

Olympia – A leading venue, that hosts exhibitions in London.

Online payments – an online payment gateway allows businesses to accept debit and credit card payments securely and easily. Sometimes referred to as e-Commerce.

Orange – a former mobile provider, that phased into EE in 2015.

02 – A network available for GPRS handsets.

Obsolete – If a particular handset or model outdated, disused, no longer in use

P

PCI DSS – PCI DSS is the Payment Card Industry Data Security Standard, and this is a worldwide standard that was set up to help businesses process card payments securely and reduce card fraud.

PIN pad – A pin pad is a device is an electronic device used in a debit, credit or smart card-based transactions. They enable retailers to accept payment transactions that require a Personal Identification Number (PIN)

Peripheral – Is frequently associated with an ePOS system. It is a “device” that is used to put information into or get information out of the computer.

Paper Rolls – Alternative name to the traditional till roll

PSP – A payment service provider (PSP) offers shops online services for accepting electronic payments by a variety of payment methods.

Point-of-sale (POS) is the time and place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service.

Pop Up shops – we specialise in supplying credit card terminals short term/temporary ventures.

Q

QR Code – A QR Code was introduced in the mid 90’s and is a two-dimensional barcode that is readable by smart phones. It allows to encode over 4000 characters in a two dimensional barcode.

R

Real time reporting – Providing you are connected to the internet, you can access live time reporting with our Epos systems wherever you are.

Reconciliation – You should complete your reconciliation each day to avoid the credits to your bank account being delayed. To receive payment for all transactions, please make sure you follow the end-of-day banking procedure and refer to your “how to guide”

Receipt – With each Chip and PIN transaction two copies are presented to the merchant. One is a customer copy and one is a merchant copy (it will state this at the bottom)

Receipt customisation – You can have your company name, “Thank you for shopping with us” you will have a certain amount of characters. Please contact us for additional information.

Roaming Sim – A unique m2m sim card which covers all four of the UK mobile networks

S

Samsung Pay – Samsung pay was released in 2015. It is a digital wallet service by Samsung that allows users to make payments using compatible phones and other Samsung-produced devices.

Switch and save – Save up to 40% on your merchant rates. In 2015 we have a 91% record of beating competitors in offering lower MSC merchant service charges in like for like services. Call us today 0845 459 9984.

Short Term Rental – Wireless Terminal Solutions are a market leader for short term rental on both Epos and card machines. Whether you are attending a trade show or exhibition we can provide a solution, with prices to suit.

Stored Transactions – Depending on your merchant acquirer, all chip and pin terminals are capable of storing transactions. Please contact us for further information.

Software – Our ePOS systems and card machines have software that is not only safe but also state of the art.

SQL – Structured Query Language

Spire – Another manufacturer of card terminals.

T

Tablet – Tablet rental, call 0345 459 9984 to discuss your requirements today. With an expansive stock, we are ready to meet your requirement.

TID –Terminal Identification. You may need to quote this if you ever need any technical assistance or speak with your acquiring bank..

T-Mobile – A mobile network available on GPRS handsets

Technical assistance – Just because the offices closes at 5.30pm, technical support will continue to support you including evenings and weekends. We are also able to provide onsite technical support, please contact us to discuss this with a customer representative.

Trade Association – Wireless Terminal Solutions work with many trade associations, and are always able to offer members great incentives and savings as a result.

Touch screen –Is a display device which allows the user to interact. All our ePOS systems are touch screen enabled.

W

Wave & Pay – An alternative phrase used for contactless Payments. This is for transactions up to the value of £30 (this was increased from £20 in September 2015)

Wi-Fi Iwl258 Card Terminals  – Introduced in 2015 the iWL 258 revolutionised the way customers could process payments connecting to a dedicated Wi-Fi connection

 Wireless Terminal Solutions – Established in 2009 we are one of the UK’s market leaders for ePOS and card payment solutions, specialising in providing wireless payment solutions for a wide range of businesses large and small.

V

Visa – Visa Inc. is an American multinational financial services corporation. 

Virtual Terminal – lets you take payments on your computer, smartphone or tablet wherever you have Internet access – giving you the freedom and flexibility to take payments almost anywhere.

X

X Read – Gives customers the opportunity to see what they’ve taken thus far for the days trading without completing a full end of day banking. A detailed process will be show in your “how to” guide.

Z

Z Read – Different from an X read. It is used on card machines at the end of day to print out the sales totals and ‘Z’ero then ready for the start of the day

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