Information collection and storage in the form of electronic computer memory. Terminals may perform data capture.
A security algorithm used with the STAR network to encrypt PIN numbers and keys.
A key used in the encryption of various types of information, including text and electronic signatures.
A standardized cryptographic method used by the STAR network to encrypt data and to ensure security. Defined by the NIST Federal Information Processing Publication.
An organized collection of data, usually digital data. Databases are often used to store customer information.
Any charge to a bank holder account, usually referring to deposit accounts.
A card that is capable of accessing any type of deposit account, primarily checking accounts.
A transaction in which funds are taken from a deposit account via a debit card.
An official denial of an authorization request.
A process in which encrypted data is converted into clear, readable data.
The merchant account credited or debited for fees and deposits as well as other adjustments.
An account maintained by a member at CreditCardProcessing.com for the purpose of processing transactions. Common types of deposit accounts include checking accounts, NOW accounts,…
Another term for a Credit Deposit. See “Credit Deposit” for more information.
A business day or several business days in which deposits are processed by a member.
A service in which currency or other items are deposited for a credit to any type of access account, most commonly checking, savings and NOW accounts. Deposit service may be…
Several guidelines define a depository financial institution, including:
A low-speed communications method that uses standard phone lines. Differs from broadband connections, DSL and other high speed connections.
An authorization terminal that utilizes a dial-up line to connect to an authorization center for the purpose of validating transactions.
A piece of data that ensures security and acts as an electronic authentication program by:
An encoded message which provides various types of information, including an account holder’s public key, information on the message’s alteration and other data vital for ensuring…
A marketing method in which customers are contacted directly by a merchant to promote goods or services. Examples of direct marketing include mailings and phone calls.
A payment collection method, generally defined as a regular payment authorized by an account holder. A direct payment authorization allows a creditor to repeatedly receive funds…
Any processor with a direct connection to a STAR switch. Usually exists as a telecommunications line between the processor’s main computer and a system of computers to the STAR…
Information legally required as a part of a cardholder agreement. The disclosure informs the cardholder of various important terms of a credit agreement. There are numerous laws…
The fee charged to a merchant for the processing of credit card transactions. Discount rates are usually figured on a per-day basis.
A term used to identify the name that a merchant uses to do business, regardless of whether this is the legal name of the business.
A system which enables host addresses to be researched and for information to be obtained based on a host name. The system is composed of various domains, including .com…
The time in which a website, system, network or other system is not accessible, usually due to a failure of equipment, exceeded bandwidth, maintenance, or other technical…
Refers to several entities operating to protect information or functions through encryption, cryptographic keys, and other means. No single person, group or organization is able to…
A financial institution which is a member of MasterCard, Visa and in other credit card company agreements is said to have duality. Many U.S. financial institutions have duality,…