A form of cash, distinct and separate from a credit, used specifically for electronic transactions. It’s only used on the Internet, but E-Cash has a direct cash value.
An electronic version of a paper check, useful for transactions in which a paper check is not convenient or practical.
An electronic form of banking in which transactions are transferred through electronic signals between banks, credit unions and other financial institutions.
Government entitlement programs allow qualified individuals to receive electronic benefits through magnetically striped cards, distinct from bankcards, which can be used at ATMs…
A specialized electronic system for bill delivery offered to Visa Interactive customers. Electronic Bill Deliver can be used by consumers to directly transfer funds to a billing…
An electronic system for paying bills, including utility bills and other government bills. E-pay systems can use telephones, ATMs, Internet-connected PCs and other means to access…
Another term for electronic bill delivery. Electronic bill presentment commonly refers to bills sent by email, accessed on a website or through a telephone.
A system for direct linkup between CreditCardProcessing.com and merchant computers. ECR is useful for large businesses with many registers.
A system for collecting and converting information off of paper checks into electronic data. ECA can be used to transmit information from a paper check through the ACH network.…
Any electronic transactions fall under the heading of electronic commerce. E-commerce has many advantages, including easier record keeping and easier payment from a customer or…
A term used to describe the communication of business transactions via electronic means. EDI most commonly refers to an exchange of documents related to trade. Examples of common…
A specialized point-of-sale device that is capable of reading encoded information on a credit or debit card via a magnetic stripe. An EDC terminal can also store transaction data,…
Refers specifically to electronically delivered financial services. Services might be delivered from PCs, telephones and other electronic devices. EFS may be provided by financial…
A non-paper transfer of funds between accounts. EFT transactions are usually originated from a computer or an electronic terminal, but may also originate from a telephone or other…
Refers to when a payment is made via an EFT at the actual point where a purchase occurs.
A communications system in which messages and other electronic data are transferred through a network of computers.
A merchant which has the ability to handle transactions at the point of sale electronically. However, it’s important to note that Electronic Point of Sale does not necessarily…
United States currency along with money orders and checks eligible for payment as United States currency are considered eligible deposits, and can be deposited to a STAR…
Any foreign country approved by STAR for eligibility in its system. STAR eligibility varies by country, and depends on the laws in the country. International members must be in an…
A merchant which has been approved and authorized by the STAR network to assess a convenience fee to its STAR Internet transactions.
Any transaction in the STAR Network to which a convenience fee may be attached with STAR’s authorization. Examples include withdrawals, Internet purchases, PIN-less utility…
Any STAR terminal at which convenience fees can be assessed on eligible STAR transactions. An example of a non-eligible terminal is a POB terminal.
The raised characters on a bankcard. Embossing is used to identify cards and allows sales drafts to be imprinted.
A process by which data is electronically scrambled, rendering it unreadable, before being transferred. Encrypted data can then be decrypted for authorization. Encryption is an…
Used to decrypt encrypted data. Encryption keys are mathematically created via different algorithms. They are an essential tool in using encryption to protect the information of…
Any organization, individual or other entity that provides a service to STAR network members which include the following:
Documents are grouped together for easier processing or other functions in the process known as enveloping. Enveloping typically refers to electronic envelopes which are sent for…
An electronic PAN which is assigned to a STAR account holder. It’s used to identify each account holder in an Internet transaction via the eSign authentication program. An ePAN is…
Used by the STAR network to authenticate STAR Internet transactions. In the eSign authentication program, an account holder uses an authentication token issued by an account…
A fee assessed to cover expenses associated with the processing of exceptions. Exception fees may change from time to time in the STAR network.
An Adjustment, Chargeback or Representment initiated in accordance with these rules to correct a STAR Transaction processing error or a disputed STAR Transaction.
The date at which a bankcard becomes invalid. It is embossed on the front of both debit and credit cards.
Another term for an Approved Auditor.
Any website set up specifically to link businesses to consumers or other businesses for the purpose of e-commerce. Extranet websites are generally specifically made to have…