A process that replaces sensitive cardholder data with a string of unique characters to safeguard payment card information during a transaction.
Transaction fee
A charge for each credit card transaction, collected by the merchant account provider or ISO.
Transaction date
The date on which a cardholder effects a card purchase of goods, services, or other things of value, or effects a cash disbursement.
Transaction
An exchange or transfer of goods, services, or funds between a customer and a merchant.