| Bank or Credit Service Provider: |
A company or association that arranges and services an account for a customer. The Credit Service Provider is a “middleman” between the customer and the Credit Processor. |
| Credit Processor: |
A company whose business is strictly handling Credit Card Verification and electronic transfer of funds. |
| Merchant Account: |
An account where customers’ funds are deposited upon settlement. |
| Front-end Credit Networks: |
Unitec requires one of the following:
- FDR/Omaha, ETC type 3, automatic batch clearing via host
- TSYS
- NOVA Hybrid with Auto close
- Paymentech Host Auto Close (Not for use with WashPay)
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