kortinlösen

English translation: card processing

17:22 Sep 30, 2014
Swedish to English translations [PRO]
Bus/Financial - Finance (general) / debit card service
Swedish term or phrase: kortinlösen
Does anybody know what the translation for 'kortinlösen' is. It is a banking service provided by Swedbank but I'm not sure what it means. Card processing?
Phlebas
Local time: 11:16
English translation:card processing
Explanation:
As far as I can see it is the usual, or at least a common, Swedish term for card processing - google.se brings up over 11000 results https://www.google.se/?gws_rd=ssl#q=kortinlösen
Selected response from:

Agneta Pallinder
United Kingdom
Local time: 10:16
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2card acquisition
Deane Goltermann
4 +1card processing
Agneta Pallinder
4processing of a card transaction
Charlesp


  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
card processing


Explanation:
As far as I can see it is the usual, or at least a common, Swedish term for card processing - google.se brings up over 11000 results https://www.google.se/?gws_rd=ssl#q=kortinlösen

Agneta Pallinder
United Kingdom
Local time: 10:16
Specializes in field
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in category: 31

Peer comments on this answer (and responses from the answerer)
agree  George Hopkins
1 hr

neutral  Leif Ohman: Perhaps enough, but depends on the context.
1 hr
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52 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
card acquisition


Explanation:
This is standard in the industry. I can give you the docs I've done for Swedbank Card Services AB before....if this is your context.

btw, not that Yahoo is an authoritative source, it just says it plain and simple.

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Note added at 2 hrs (2014-09-30 19:30:18 GMT)
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Here's some more introductory reading http://en.wikipedia.org/wiki/Card_scheme; and http://sv.wikipedia.org/wiki/Kortnätverk


    Reference: http://www.xerox.com/downloads/usa/en/bpo/casestudies/bpo-ca...
    https://answers.yahoo.com/question/index?qid=1006060210492
Deane Goltermann
Sweden
Local time: 11:16
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SwedishSwedish
PRO pts in category: 126

Peer comments on this answer (and responses from the answerer)
agree  Leif Ohman: look up "Inlösen (acquiring)" in https://www.ecb.europa.eu/ecb/legal/pdf/l_35220131224sv00180...
1 hr
  -> Thanks, Leif!

agree  Christopher Schröder: I've always found it an odd term but it's the right one
13 hrs
  -> Thanks, Chris! Agree with 'odd'.
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15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
processing of a card transaction


Explanation:
processing of a card transaction, meaning a credit card, debit card, or other payment card.

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Note added at 15 hrs (2014-10-01 08:24:53 GMT)
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Should be "processing of a credit card transaction" as everyone refers to a credit card, debit card, or other payment card as a credit card.

Charlesp
Sweden
Local time: 11:16
Specializes in field
Native speaker of: English
PRO pts in category: 86

Peer comments on this answer (and responses from the answerer)
neutral  Christopher Schröder: I don't
2 hrs
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