Store and Forward

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A type of data transmission that sends information to a central server, reaching its intended destination once the recipient is identified electronically. This relay system is common with emails, wire transfers and text messages for telecommunication service networks.

EMV Store and Forward refers to a feature that involves capturing the necessary transaction data and storing that data temporarily (usually in the event of an internet outage) until the data can be passed along to the processor once the internet service is restored.

Transaction Fee

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Transaction fees are fees that a processor charges the merchant associated with each credit card transaction. Some examples of transaction fees include authorization fees, return fees, AVS fees and gateway fees. More than one transaction fee may be applied to an individual credit card transaction.

A per transaction fee is an expense a business must pay each time it processes a payment for a customer transaction. Per transaction fees vary across service providers, typically costing merchants from 0.5% to 5.0% of the transaction. (via Investopedia)

Acquiring bank

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An acquiring bank (also known as the merchant bank, merchant account provider, or acquirer) is a bank that manages the merchant's account. An acquirer enters into an agreement with the merchant and enables them to accept credit and debit card transactions. Acquiring banks assume the risk and responsibility for these transactions. Because of this assumed risk, acquirers usually charge various fees for their service. Fees vary by acquiring bank, and are usually based on the number of transactions, chargebacks and refunds.

Google Pay

In January 2018, Google announced that Google Wallet and Android Pay would be merged into one entity called Google Pay. With Google Pay, you can check out in Chrome for web purchases, in hundreds of apps, in YouTube for renewing your subscriptions, and at retail outlets with NFC payments without having to enter your payment information. Users can add credit cards to Google Pay by taking a photo of the card, or by entering the card information manually.