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| MERCHANT ACCOUNT PROVIDER |
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Definition
| IS A PRIVATE COMPANY THAT ACTS AS AN INTERMEDIARY BETWEEN AND ONE OR MORE CREDIT CARDS COMPANIES TO ESTABLISH AND MAINTAIN CREDIT SERVICES |
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| CREDIT USED WHEN A CUSTOMER MAKES A SIZEABLE PURCHASE AND AGREES TO MAKE PAYMENTS OVER AN EXTENDED BUT FIXED PERIOD OF TIME |
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| A CREDIT PLAN THAT COMBINES THE FEATURES OF REGULAR CHARGE CREDIT AND INSTALLMENT CREDIT |
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| ARE COSPOMSORED BY TWO COMPANIES AND HAVE BENIFITS AND REWARDS DISIGNED SPECIFICIALLY FOR THEIR REASON |
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| ARE ASSOCIATED WITH SPECIFIC ORGANIZATIONS AND OFFERED TO PEOPLE AFFILIATED WITH THOSE ORGANIZATIONS |
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| IMMEDIATELY TRANSFER FUNDS ELECTRONICALLY FROM THE CUSTOMER'S CHECKING ACCOUNT TO THE BUSINESS ACCOUNTANT'S WHEN A PURCHASE IS MADE |
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| IS A PLASTIC CARD WITH AN EMBEDDED MICROPROCESSOR THAT CAN STORE AND PROCESS A LARGE AMOUNT OF INFORMATION |
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| IS A MEASURE OF A PERSOSN'S ABILITY AND WILLINGNESS TO PREPAY A LOAN |
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| IS A MEASURE OF A PERSON'S SENSE OF FINANCIAL RESPONSIBILITY OR PERSONAL BELIEF IN THE OBLIGATIONS TO PAY DEBTS |
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| IS THE MEASURE OF EARNING POWER AND REFLECTS THE PERSOAN'S POTENTIAL TO PAY, BASED ON CURRENT INCOME AND OTHER FINANCIAL OBLIGATIONS |
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| THE THIRD C, IS A MEASURE OF THE CREDIT APPLICANT'S CURRENT CURERE |
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