A recurring fee charged by some providers for account maintenance, gateway access, reporting tools, or value-added services. It’s part of the overall cost structure alongside per-transaction fees.
Payments made via smartphones or tablets, either in-app, mobile web, or using NFC at the point of sale. Mobile payments often leverage tokenization and biometric authentication for security.
A specialized account established through an acquirer that allows a business to accept card payments. It’s distinct from the merchant’s operating bank account where funds are ultimately deposited.