Credit Card Processing

What is Credit Card Processing?

Credit card processing refers to the procedures and systems involved in securely authorizing and completing electronic payments made using credit cards. It encompasses the various steps required to facilitate transactions between customers, merchants, credit card networks, and financial institutions.

ZoneReconcile, an app natively built for NetSuite, enables finance teams to upload credit card statements to NetSuite and automatically match transactions based on transaction details (e.g., date or amount) or create new transactions for approval.

Related terms

Account Reconciliation

Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

Accounts Payable

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounts Receivable Turnover

The accounts receivable turnover ratio (or debtor turnover ratio) allows businesses to evaluate their debt collection efficiency.

Advanced Revenue Management (ARM)

Advanced Revenue Management (ARM) refers to a set of strategies and practices used by businesses to automate, streamline, and ensure accurate revenue recognition according to accounting standards.

Automated Cash Application

Automated cash application (also known as automated cash posting or automated cash matching) is a process in accounting and financial management that uses technology and algorithms to match incoming payments or cash receipts with corresponding invoices or accounts receivable entries in an organization's financial records.

Average Days Delinquent

Average day(s) delinquent (ADD) is a metric that helps determine the efficiency of a company’s debt collection efforts.