ICS (Internet commerce services):
The services an Internet commerce provider offers to enable clients to handle many facets of their business on the Internet.

Imprint:
Can be electronic (by swiping a card thru a card reader) or manual (by obtaining a physical imprint using an imprinter). One of the two is always required on a credit card transaction to prove that the card was present.

Imprinter:
A piece of equipment used by merchants to imprint embossed information off of a bankcard onto a sales draft.

Independent Sales Agent (ISA):
An independent contractor used to broker accounts for merchant processing and or servicing.

Interchange:
A standard format for sharing or transferring data electronically between parties that do not share a common application. Usually a format that is platform-independent is agreed upon as a standard. Examples of common interchange formats include EDI (electronic data interchange), ASCII (American Standard Code for Information Interchange), and GIF (graphics interchange format). Interchange is the operating system of Visa/MasterCard for authorization, settlement, capture and passing through of interchange and other fees in addition to monetary and non -monetary information regarding bankcard transaction/processes.

Interchange Fee:
Servicing fees paid by acquirers to issuers for transaction costs. Visa/MasterCard establishes and periodically reviews interchange rates.

Internet Commerce:
A broad term covering all commercial transactional activities on the Internet. Internet commerce can range from vendors selling software from a Web storefront (Web site) to large corporate procurement systems using an Internet-based VPN (virtual private network) to deal with trading partners. Internet commerce is not synonymous with e-commerce, which covers all electronic commercial activities.

Intranet:
An application that allows individuals within an organization to exchange information.

IP Address (Internet protocol address):
A designation for a particular location on the Internet, such as "140.23.719.6." IP addresses are associated with domain names.

ISO (Independent Sales Office):
A firm or organization that offers to process online credit card transactions, usually in exchange for transaction fees or a percentage of sales. Merchants must generally establish a merchant account before contracting for ISO services, although some ISOs claim not to require separate merchant accounts. See also factoring.

ISO 9000:
A set of standards for electrical and electronic products, formulated by the International Standards Organization. Product quality standards in most nations must either meet or exceed ISO 9000 standards.

ISP (Internet service provider):
A firm that provides access to the Internet, including Web browsing and e-mail. ISPs often offer connections that can be accessed by dialing a telephone number through your computer's modem.

Issuer/Issuing Bank:
A licensed member of Visa/MasterCard that holds the contractual agreements with other financial institutions and issues bankcards.

Issuing bank:
The bank that maintains the consumer's credit card account and must pay out to the merchant's account in a credit card purchase. The issuing bank then bills the customer for the debt.

IVL (individual validated license):
Written declaration by the U.S. Department of Commerce granting permission to export specified products to a specified foreign recipient. See also general license.: (J): Java: A programming language frequently used on Web sites. Some Java programs, or "applets" are downloaded from the Web server to the visitor's own computer, which then runs them. This distinguishes Java programs from other Web programming languages, such as PERL, that reside and run on the Web server (only the results are downloaded to the visitor's computer).