payment of the debit item
21Internet fraud — refers to the use of Internet services to present fraudulent solicitations to prospective victims, to conduct fraudulent transactions, or to transmit the proceeds of fraud to financial institutions or to others connected with the scheme. Internet …
22Office of Fair Trading v Abbey National plc — OFT v Abbey National plc Court Supreme Court of the United Kingdom Full case name Office of Fair Trading v Abbey National plc and Others Date decided …
23StormPay — is an electronic money auction payment processor run by Stormpay Incorporated, a Clarksville, Tennessee, United States company founded in October 2002 by John R. McConnell, Jr. and the CEO, Steve Girsky. It allows anyone with an e mail address to …
24Chargeback — A chargeback is the return of funds to a consumer, forcibly initiated by the consumer s issuing bank. Specifically, it is the reversal of a prior outbound transfer of funds from a consumer s bank account, line of credit, or credit card.… …
25National Westminster Bank — Plc Type Public Limited Company Industry Financial Services Founded 1968 …
26Debits and credits — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
27credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …
28Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …
29Self checkout — NCR FastLane self checkout at an IKEA store. Self checkout machines provide a mechanism for customers to pay for purchases from a retailer without direct input to the process by the retailer s staff. They are an alternative to the traditional… …
30Charge-off — A charge off or chargeoff is the declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors will make… …
