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Issuer
An issuer is the organization that issues a credit or debit card.
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Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
Related Terms
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MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number...
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