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Factoring
When a legitimate merchant processes another merchant's transactions in return for payment. This practice is forbidden by the
associations.
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Financial Institution
Any organization in the business of moving, investing or lending money, dealing in financial instruments, or providing
financial services. This includes commercial banks, thrifts, federal and state savings banks, saving and loan associations,
and credit unions.
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Fleet Card
Payment card designed mainly for fueling, maintenance and repairs of corporate motor vehicles. Fleet cards are normally
used to provide specialized reporting.
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Folio
A number assigned by a lodging merchant for tracking a guest's charges.
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Force
The process by which a voice-authorized transaction is key-entered to be settled electronically with a batch of
transactions. Also known as a post-auth.
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Frame Relay
A TCP/IP link for data that has high transmission speeds, low network delay,high connectivity and efficient bandwidth use.
Learn more...
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Fraud Investigation
The process of identifying suspicious merchant or cardholder activity.
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Front-End Network
Network provider responsible for authorizing and capturing transactions and forwarding the information to the
back-end network.
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FTP
File Transfer Protocol - a protocol used
to transfer files over a TCP/IP network (Internet, UNIX, etc.).
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