Payment Industry terms can be confusing. In addition to the hundreds of various interchange fees, payment compliance standards, and complex statements, the merchant is also tasked with understanding industry jargon. Account Number, when used in context with payment processing, means:
Account Number – A unique sequence of numbers assigned to a cardholder account that identifies the issuer and type of financial transaction card.
For additional information on payment industry terms, including articles and news on trending information, visit the PAYMENTINSIDER Topics. VeriProcess is committed to delivering maximum transparency in the payment industry.