Newsletter | FAQs

Contact Us | Careers | Register

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


Include special terms? Include Show selected special terms only
                                           PCI Related Terms Technical Terms

L2TP

(Technical) See Layer 2 tunneling protocol.

LAN

(Technical) See Local area network.

Layer 2 tunneling protocol

(Technical)
Protocol used to support virtual private networks (VPNs).
 

(Technical) See also Tunneling Protocol.

Leverage

A term for when a business is leveraged by intentionally taking on debt(s) to expand the size or scope of its business.
 

Lien

The legal right to hold onto a piece of intangible property that secures someone\'s debt on personal or real property. If the person or company owing the debt defaults, the property can be taken or sold.
 

Limited Amount Terminal

A Customer Activated Terminal that has data capture only capability, and accepts payment for items such as parking garage fees, road tolls, motion picture theater entrance, or magnetic-stripe telephones.
 

Limited purpose prepaid card

A smart card, which only can be used in particular points of sale.
 

Line Of Credit

An amount of money loaned to a business by a financial institution over a specific period of time.
This is a financial institution\'s commitment to lend your business up to a certain amount of money during a specified period. For example, your financial institution might extend you a $50,000 line of credit during the first quarter of 2000.
 

Load

The activity to add additional funds to a Smart Card, a Gift Card, or other digital purse.
 

Load log

A file containing the most recent card loads
 

Local area network

(Technical)
Computer network covering a small area, often a building or group of buildings
 

Local review

The ability of user to see from its terminal or ECR the contents of a batch- file after the completion of transaction.
 

Lockbox

A mechanism used by customers to convey (or mail) payments so that a merchants financial institution or processor can quickly secure and process the payments.
 

Locking

The blocking of a payment card after which it can not be used. This is typically performed at an issuing bank, but a merchant may create a lock locally as well.
 

Log

(PCI) See Audit Log.

Loyalty Card

A plastic card that identifies participants in a loyalty program. Loyalty programs reward cardholders as they buy more merchandise.
 

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.
Click to see Reference 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,
...






  © 2009 PE Systems  |   Privacy Policy  |   Site Map   Logo  
   Click to verify BBB accreditation and to see a BBB report. Click to see Compliance Certificate