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Financial Glossary

Card Processing Migration
"Disciplined methodology and effective teamwork, guided by Savantor's migration expertise and operational knowledge, were the hallmarks that led to the resounding success of this project, enabling us to maintain and develop our business capability."
Brendan Lynott - General Manager, Operations - Permanent tsb bank - Ireland

Credit Transaction (aka Refund) - definition

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Credit Transaction (aka Refund)

A transaction where value is given back to the card account. Should only be issued in response to a corresponding sales transaction.


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