E

Electronic Cash Register (ECR). A device used for cash sales and can also emulate a point-of-sale terminal for processing credit card transactions.

Electronic Draft Capture (EDC). A process of electronically authorizing, capturing and settling a credit card transaction.

Electronic Funds Transfer (Wire transfer). An electronic transfer of funds (money) rather than by check.

Expiration Date. The embossed date on a bankcard. After that date, the card becomes invalid and should no longer be accepted.