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Table of Contents

Lead Story

The payments sphere 2009:
Looking back, looking up


Industry Update

Radiant, Computer World in the lawsuit soup

Mobile payments at a crossroads

Tweaking interchange down under

NEAA preview


GS Advisory Board:
The best moves of 2009 - Part II

The payments industry numbers game:
Volume over price

Research Rundown

Selling Prepaid

Prepaid in brief

Mercator of good cheer about gift cards

Unbanked + underbanked Americans top 60 million

Patti Murphy
The Takoma Group

Signs of the future


Reaching the unbanked

Patti Murphy
The Takoma Group

Should you buy stock in a terminal manufacturer?

Brandes Elitch
CrossCheck Inc.


Street SmartsSM:
Time management for 2010

Jon Perry and Vanessa Lang

Fighting the payment squeeze:
Alternatives retailers may consider

Pat Morgan
Total System Services Inc.

Fees you can't ignore

Ken Musante
Moneris Solutions

Managing conflict in the workplace

Vicki M. Daughdrill
Small Business Resources LLC

Defining global processing

Caroline Hometh

POS Horoscope 2010

Dale S. Laszig
DSL Direct LLC

Company Profile

Litle & Co.

New Products

Slip-on terminal mobility

PAYware Mobile

Front-end tokenization

NYCE Payments Network LLC


Be the sale



Resource Guide


A Bigger Thing

The Green Sheet Online Edition

December 28, 2009  •  Issue 09:12:02

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Defining global processing

By Caroline Hometh

Shakespeare wrote that "a rose by any other name would smell as sweet." And when it comes to global processing, different terms don't always mean different processes. This article contains a mini dictionary of popular terms used in the rapidly growing realm of worldwide card-not-present processing.

Cross currency payment processing and synonyms

The synonyms in this section indicate the perspectives of the parties that coined them.

Why the need for different terms to describe the same thing? The industry has struggled to define international processing, and marketing departments of leading processors have coined different phrases. They all mean the same thing: the customer shops in one currency and the merchant receives settlement in his or her own base currency.

Related terms

Card-present and beyond

Dynamic currency conversion (DCC) refers to a special type of terminal application, written and certified by terminal manufacturers. It pertains to a card-present process that occurs at the POS. (Remember, other terms discussed herein concern the card-not-present arena.) DCC recognizes that the cardholder is presenting a card that has been denominated by an issuer in a country foreign to the merchant. It enables consumers to purchase in their own currencies. And card companies require the exchange rate be printed on the receipt.

No matter what terminology you prefer, it is important that the international processing partner you select fully understands all terms in use. It is also crucial that your acquirer possess a strong working knowledge of processing options to meet your merchants' needs and, more importantly, can speak to merchants, understand their specific international processing requirements - and make the appropriate recommendations to successfully serve them.

Carrie (Bardeen) Hometh is a respected industry professional in the international marketplace with over two decades of global experience and expertise. She currently serves as Senior Vice President of Sales and Marketing for Payvision, a leading international payment solutions provider that offers a comprehensive suite of products and services that include global acquiring, multicurrency processing and alternative payment solutions. She can be contacted at

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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