| Word | Description |
| Tagged Transaction | A transaction that can be processed without sending the credit or debit card details (i.e. number, expiry, cardholder name) |
| Transaction Processing | The process enabling the clearing of purchases in an electronic environment such as the Internet. In the case of E-xact, we provide a means to process credit and debit card transactions. |
| Transaction Tag | A unique numeric identifier generated for each transaction by E-xact's system |