Merchant Service
From Open Risk Manual
Contents
Definition
Merchant Service. A financial service provided by a financial institution to a merchant or other business, including but not limited to managing financial transactions via a secure channel
Example
Example merchant services include credit and debit card processing, check guarantee and conversion services, point of sale (PoS) systems, gift card and loyalty programs, online transaction processing, etc.
See Also
- Barron's Dictionary of Finance and Investment Terms, Ninth Edition, 2014
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Merchant Service"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FBC/FunctionalEntities/FinancialServicesEntities/index-en.html + |
