Bank Identification Number – The first 6 digits of a credit or debit card number. Also referred to as Issuer Identification Number (IIN)

Billing Cycle

The interval between periodic billings for goods sold or services rendered, typically sent on a monthly basis.


Browser-Based POS – Cardknox application that allows a POS running in a browser to accept EMV payments while remaining out of PCI scope.


A collection of credit card transactions saved for submitting at one time, usually each day. Merchants who do not have real-time verification systems must submit their transactions manually through a point-of-sale (POS) terminal. Batch fees are charged to encourage a merchant to submit his or her transactions at one time, rather than throughout the day.

Bank card

A debit or credit card issued by an issuing bank. Also referred to as “bankcard.”