|Electronic Commerce Indicator (ECI)||A processing compliance protocol that does not allow hand processing or the unauthorized storage of information As of the year 2000, all merchants that sell a majority of their goods or services online must use a gateway that is ECI compliant.|
|Electronic Draft Capture (EDC)||
A system that captures transaction data for processing and storage at the merchant location.
|Electronic Funds Transfer (EFT)||
A paperless funds transfer from a telephone, terminal, computer, or magnetic tape.
The process of imprinting identifying data in the raised letters and/or numbers on a debit or credit card.
|EMV||A merchant security and identification technology in the form of a smart chip that is inserted into bankcards A more advanced terminal than a magnetic stripe reader is required to process an EMV card transaction.|
|Equipment||The hardware, software, and devices used to conduct debit and credit card transactions Equipment for card processing includes internet connections, software, and terminals.|
|Expiration Date||The date transactions are no longer valid on a credit card. After the expiration date, the card is invalid.|