Asking a customer to swipe their card to complete a transaction is easy enough, but the vast networks that authorize and process that payment are quite technical and complex. It makes understanding the payments industry a bit of a challenge for people who aren’t yet familiar.
Here at Forte, we like to keep things simple. So we’ve created a list of terms to help you make sense of the industry jargon you may run across as you conduct business. The ABCs of payments, if you will.
Staying informed about payments can help you:
- Answer customer questions
- Better utilize new, developing payments technology
- Choose the right payment services for your business
See what we did there…with the ABCs?
Alright, enough dad jokes.
We can be serious too. In fact, we’re serious about payments and helping you navigate the industry complexities. That’s why we created this brand new glossary.
Not sure what a reversal is or what tokenization means? Quickly look up any term and you can talk just like the folks that handle the technicalities of payments, without that level of responsibility.
That’s what we do, by the way. Forte handles payment processing so you can focus on what your business does best. Want to learn more from us than terminology?
Visit our website or call us at 866-290-5400 for more information about payment processing and the solutions that can help your business succeed.