Visa/MasterCard

Visa and MasterCard have made important changes to merchant acceptance as part of a proposed settlement for merchants located in the U.S. and U.S. territories. For more information click here.

VirtualMerchant Mobile

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Accept card payments on your mobile device anywhere, anytime! For more information click here.

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

Gold Card
Good Faith
Grace Period
Gratuit


Global Payment Systems

The primary data transport communications facility that links all MasterCard customers and MasterCard data processing centers into a single on-line financial network (also called a packet-switching network.) Global Payment Systems separates communications processing from financial applications to transmit messages over a single communications network. Used to be referred to as Banknet.
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Gold Card

A card program offering higher credit lines and expanded services. Qualifications for cardholder applicants are generally more stringent than for the standard card.
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Good Faith

An attempt by a member to resolve a dispute with another member in writing. A good faith attempt at resolution must be made before filing a compliance case.
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Grace Period

The span of time between the statement date and the payment due date during which no interest is charged if the amount is paid in full.
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Gratuit

The name of the retail software. Encompass software is available on all terminal types except Zon Jr Plus and the Hypercom. Encompass follows the Hybrid protocol.
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