Electronic Draft Capture
Sending the information about each credit card transaction to the issuing bank electronically through the point of sale terminal.
Welcome to our Chargebacks Glossary! This page is your go-to resource for understanding the terminology used in the chargebacks industry. Whether you're a merchant, financial institution, or consumer, our glossary provides clear definitions of key terms, from "Acquirer" to "Zero Liability Policy."
Sending the information about each credit card transaction to the issuing bank electronically through the point of sale terminal.
