WIC (Women, Infants, and Children) – WIC is a federal grant program designed to provide supplemental nutritious food and nutrition education to low-income pregnant, breastfeeding, and non-breastfeeding postpartum women, and to infants and children up to age five who are found to be at nutritional risk. An eWIC card is WIC’s electronic payment card issued to participants in the program used to obtain nutrition benefits. See also “EBT card.” See https://www.cardknox.com/ewic-ebt/ for more information.
Enterprise Resource Planning – Software application used to integrate all of the processes needed to run a company with a single system.
A credit or debit card with an embedded microchip and associated technology designed to enable secure payments at compatible point-of-sale terminals. Also referred to as “chip card,” “PIN-and-chip,” and “smart card.” See https://www.cardknox.com/emv/ for more information.
Europay, MasterCard and Visa – EMV is a global standard created by Europay, Mastercard, and Visa for authenticating payment card transactions. See https://www.cardknox.com/emv/ for more information.
Electronic funds transfer – A paperless transfer of funds initiated from a terminal, computer, telephone instrument, or magnetic tape.
Electronic draft capture – A system in which the transaction data is captured at the merchant location for processing and storage.
The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.
Electronic Benefits Transfer – An electronic system used in the United States that allows state welfare departments to issue benefits via a magnetically encoded payment card. See https://www.cardknox.com/ewic-ebt/ for more information.