Frame Relay
Frame Relay:
An emerging network access protocol designed to accommodate data applications. It is characterized by four important features: 1.High transmission speeds; 2.Low network delay; 3.High connectivity; 4.Efficient bandwidth use
F
Force / Offline Transaction
Force / Offline Transaction:
The after-the-fact entry of a purchase resulting from a referral (“call Authorization Center”) message or a downtime interruption of service from a Network which enables the merchant to enter (as a force/post authorization) the transaction and the approval code into the EDC batch.
Folio
Folio:
A lodging merchant’s guest file that contains the cardholder’s transaction information, including check-in and out dates, rate, intended length of stay at check-in time, applicable charges and taxes.
Floor Limit
Floor Limit:
A dollar amount set by the acquirer in accordance with MasterCard and VISA rules and regulations. The merchant must obtain authorization for any transaction over the floor limit.
Firewall
Firewall:
A specially programmed computer that connects a local network to the Internet and for security reasons only allows certain types of messages through.
Financial Institution
Financial Institution:
Any organization in the business of moving, investing or lending money, dealing in financial instruments, or providing financial services. Includes commercial banks, thrifts, federal and state savings banks, saving and loan associations, and credit unions.
Financial EDI
Financial EDI:
Electronic exchange of payments, payment information or financially related documents in standard formats between business partners.
File Transfer Protocol (FTP)
File Transfer Protocol (FTP):
A method of transferring files from one computer to another over the Internet.
File Transfer
File Transfer:
The copying of a file from one computer to another over a computer network.
Fiber Optic Cable
Fiber Optic Cable:
A transmission medium composed of small strands of glass, providing a path for light rays that act as a carrier.
