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
Amex – American Express
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 – Average Transaction Value
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
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 headquartered in London
B2B – Business-to-business (B2B) is commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer
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 be an exhibitor attending an event for the first time, or perhaps your an event organiser. Call us on 0845 459 9984 to see how we can support you.
Bluetooth Card Machine – 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
CNP – Customer not present
Card Issuer – Institution who issue the payment card to the cardholder such as MasterCard or Visa.
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.
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
Contactless – Contactless is the fastest card payment method in the UK. It allows customers to simply present their credit or debit card to the payment machine without the need for PIN entry or signature.
Contactless Payments– Contactless payment cards are debit, credit, charge or pre-paid cards which can be used to make quick, easy and secure payments for everyday purchases of £20 and under. From September 2015, the contactless card payment limit will increase to £30.
Countertop – These are trusted by many UK retail 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.
CVV – Is an anti-fraud security feature to help verify that you are in possession of your credit card. For Visa/Mastercard, the three-digit CVV number is printed on the signature panel on the back of the card immediately after the card’s account number.
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
Excel – One of the larger venues, that hosts exhibitions 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 – commercial transactions conducted electronically on the Internet.
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 must be completed on a terminal to enable it to be polled.
EPoS – Epos or EPOS may refer to: Electronic point of sale – a technology which enables an efficient recording of the sale of goods or services to the customer.
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.
Fixed Line Card Machine – A Fixed Line/Countertop terminal delivers card payments when in a fixed location, connecting directly to a PSTN or IP line and a dedicated power source
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 (GPRS) is a packet oriented mobile data service on the 2G and 3G cellular communication system’s global system for mobile communications (GSM).
Gratuity – A facility that can be used on the card terminal for tips and service charges.
Ingenico – Ingenico is a French-based company, whose business is to provide the technology involved in secure electronic transactions.
Jobs – please check our website to check for vacancies.
KYC – Know your customer. Ensuring the applicant provides the correct information, at the time of their merchant application.
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.
Maestro – A domestic and international payment (debit card) scheme launched in 1993.
Mastercard – MasterCard Incorporated or MasterCard Worldwide is an American multinational financial services corporation.
Merchant account – The role of a merchant service provider, or acquirer, is to process the credit and debit card transactions on your behalf.
MID – merchant Identification.
Moto – A MOTO merchant account is similar to a conventional internet merchant account (IMA) in that they both offer ‘cardholder not present’ (CNP) processing.
Merchant funding – Merchant funding is a new innovative product which started out in the USA gaining speed amongst small businesses who use a PDQ credit card terminal. The idea is quite simple. We lend the small business a comfortable amount of money based on one or two months trading history via their card machine.
Mobile GPRS Terminals – Wireless Terminal Solutions are a market leader in supplying Mobile GPRS 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.
NTC – “New to cards” An increasing number of customers prefer to pay by card these days, 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 0845 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.
fcom 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. Orange – a former mobile provider, that phased into EE in 2015.
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.
PAN (Primary account number). The cardholder … PKE (PAN key entry). A service which an electronic device uses to process card payments at point-of-sale.
PSP – A payment service provider (PSP) offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer and real-time bank transfer based on online banking.
PDF – Personal Details Form.
PDQ Card Machine – PDQ stands for Process Data Quickly. Wireless Terminal Solutions are a market leader in supplying chip and pin machines on short term/long term rentals.
PIN means ”Personal Identification Number” Information that is needed to be entered to process a payment.
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.
PSTN – The public switched telephone network (PSTN) is the aggregate of the world’s circuit-switched telephone networks that are operated by national, regional, or local telephone operators, providing infrastructure and services for public telecommunication.
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.
Settlement – A transfer of funds from the acquirer to the merchant.
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. 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.
Tablet – Tablet rental, call 0845 459 9984 to discuss your requirements today. With a stock of 2000+ tablets/iPads we are ready to meet your requirement. Terminal –
TID – Your unique terminal identification number.
Technical – 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.
Wave & Pay – This is another term used for Contactless Payments. These are for payments up to £20.
Wi-Fi Card Machines – Chip and PIN card machines that can only be used using a Wi-Fi connection.
Wireless Terminal Solutions – Established in 2009 we are a market leader, in supplying wireless credit and debit card terminals, specialising in providing wireless payment solutions for a wide range of businesses large and small.
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.