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.

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

LAN
Late Settlement Fee
Line Of Credit
Lost/Stolen Card Reporting Service


LAN

Local Area Network
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Late Settlement Fee

Fee paid to MasterCard or Visa by the member for late processing of settlement.
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Line Of Credit

The amount of credit a lender will extend to a borrower over a specified period of time.
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Lost/Stolen Card Reporting Service

An issuer-provided service where the cardholder registers card account numbers with the issuer who will notify the individual issuers if cards are lost or stolen. This type of service is often offered through a card registration company.
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