Address Verification System (AVS) Data Security Settlement 
EBizCharge
NOVEMBER 27, 2024
The gateway acts as the intermediary that collects, encrypts, and transmits transaction data to the payment processor. This integration ensures a seamless and secure transaction flow. Transaction settlement: After a payment is authorized, the merchant account facilitates the settlement process.
PayHawk
APRIL 18, 2023
Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. Average Ticket Size The average dollar amount of each transaction processed by the merchant.
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