100+ Payment Industry Terms Explained in Plain English
Clearly Payments
MAY 22, 2025
Payment Network Companies like Visa, Mastercard, Amex, and Discover that move the data between banks. Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). MATCH List A blacklist of merchants banned by Visa/Mastercard. Underwriting The process of assessing risk before approving a merchant account.
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