Credit Card Glossary: Terms and Definitions

Confused by credit card terms?'s glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

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Short Message Service (SMS), or texting, is used to send text messages via cell phone. However, it can also be used as a payment technology on cell phones. SMS allows you to conduct a transaction by typing a dollar amount into your phone and sending it to the payee.