Glossary of Industry Terms

A • B • C • D • E • F • G • H • I • J • K • L • M • N • O • P • Q • R • S • T • U • V • W • X • Y • Z

Search Term:
Include special terms? Include Show selected special terms only
PCI Related Terms Technical Terms

Gateway

A gateway is a company that provides the connection between a website, a terminal or any other credit card processing device and the credit card companies. A merchant connects to Gateway; a Gateway in turn connects to one or more processors to authorize/capture the transactions for the merchant.

Gateway Fees

The costs charged by processors for a gateways access to the processor payment networks that handle the financial data processing of credit card purchases.

General Packet Radio Service

(Technical)

Mobile data service available to users of GSM mobile phones. It is recognized for efficient use of limited bandwidth and is particularly suited for sending and receiving small bursts of data, such as e-mail and web browsing.

General Terms

Section of a contract or agreement, including any amendments or modifications.

Gift Card

A plastic card with an assigned dollar value issued to a cardholder for use at accepting businesses. A gift card typically replaces a paper gift certificate and may be credit/debited with funds for paying for goods and services.

Global System for Mobile Communications

(Technical)

Popular standard for mobile phones. The ubiquity of GSM standard makes international roaming very common between mobile phone operators, enabling subscribers to use their phones in many parts of the world.

GPRS

(Technical) See General Packet Radio Service.

Gross

When referred to in connection with transaction amounts or fees, refers to the total amount of Card sales, without set-off for any refunds or Credits.

GSM

(Technical) See Global System for Mobile Communications.

Guarantor

A guarantor is a person or business entity that makes a financial promise, sometimes backed with collateral, for another person or business entity that is requesting either a loan, credit or some form of financial responsibility for which he or it is unable to qualify on their own. In the event that the primary person or entity requesting the loan or credit defaults, the guarantor is liable for any unpaid or overdue balances.

A • B • C • D • E • F • G • H • I • J • K • L • M • N • O • P • Q • R • S • T • U • V • W • X • Y • Z

PE Systems has analyzed approximately $300 billion in revenue for our clients (over a quarter of a trillion dollars and counting).

Contact us today and let our patented and proprietary analytics find savings for you too!
or click below to send an email to us at: information@pesystemscorp.com

Not only did PE Systems find that we were being overcharged, they pointed out very simple changes that we could do, that would keep us at the lower rates.
Clatsop Community College

Click the icon below to view an image of the letter.

Clatsop Community College
1653 Jerome Avenue
Astoria, OR 97103-3698

To Whom It May Concern:

For years we suspected that we were being overcharged by our credit card processor. However, no one here had the time or knowledge to get at the details behind our monthly processor charges. PE Systems Inc. stepped in and found the information for us. They then negotiated with our processor to get us the lowest rates possible. Additionally, they got the credit card processor to refund some of the overcharges. Not only did PE Systems find that we were being overcharged, they pointed out very simple changes that we could do, that would keep us at the lower rates.

I strongly recommend the services of PE Systems Inc. if you wish to be assured that you are receiving the best credit card processing rates possible for your business.

Sincerely,
...

Click to verify BBB accreditation and to see a BBB report.