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Idle Prompt
The standard display on a payment card terminal waiting to process the next transaction.
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Imprinter
A device used to imprint embossed card information onto a sales draft for payment card transactions. An imprinter
is used if the card is present and the POS device cannot read the contents of the magnetic stripe.
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Interac
National debit card network in Canada.
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Interchange
The exchange of transaction data between acquiring and issuing institutions.
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Interchange Fees
Fees paid by the acquirer to the issuer to compensate for transaction-related costs. MasterCard and Visa establish
interchange fee rates.
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ISDN
Integrated Services Digital
Network - a digital phone service link capable of supporting up to three types of communication
devices simultaneously.
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ISP
Internet Service Provider - an organization
that provides access to the Internet.
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Issuer, Issuing Bank
The financial institution and member of Visa or MasterCard that holds contractual agreements with, and issues cards
to, cardholders.
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