MAX Pay Global for Business Central

Term

Description

MPG

MAX Pay Global for Business Central

MOTO

Mail Order Telephone Order

CNP

Customer Not Present 

POS

Point Of Sale

PED

Pin Entry Device

NFC

Near Field Communication – often referring to tapping a Payment Card onto a Payment Device.

EMV

Europay, Mastercard, and Visa. The term is used to describe payments made using a traditional Payment Device or Pin Pad, by tapping NFC or inserting the Chip Card.

Issuing Bank

The Bank that issued the Credit or Payment Card of the Customer.

MID

Merchant Id, or Merchant Account Number – the account that belongs to the Merchant or Business Central Company that hosts and receives all electronic payments.  MIDs are often allocated according to channel or location and often by card brand, for example, you may have a different MID for American Express compared to other Credit Cards.  MID may be configured behind the scenes and not be exposed in any configuration.