A group of digital information sent over the Internet or a private network. Packets can contain various data, but always include an incoming and outgoing IP address.
The PAN is the primary account number issued by MasterCard, Visa or ANSI. The PAN prefix identifies a member’s card base, which allows for transactions and other exchanges.
In banking, another term for media. See “media” for more information.
A non-electronic method of bankcard processing in which the merchant must contact the authorization center via phone to approve each individual credit card transaction. Sales slips…
Transactions which are processed and recorded for statements but not funded through CreditCardProcessing.com, commonly transactions from closed system credit providers such as…
Procedures and instructions for transferring funds, settling sales and other aspects related to the trade of goods and services.
Created by Adobe, the PDF format is a secure document format that is commonly used to relay information over the Internet, especially financial documents. A free reader for…
Hardware which is heavily resistant to physical tampering. Physically secure devices include any systems that hold cryptographic key information which might be targets for physical…
A specific response to an authorization request that asks for a card to be confiscated by the merchant, usually issued in cases where fraud or card theft is likely.
A number or code chosen and used by a cardholder to identify card ownership. This number is necessary for using debit cards at POS terminals and for accessing funds via an ATM.
The issuer requests to authorize a cardholder’s PIN number via a PIN authorization request, which compares the PIN given by a cardholder to account numbers of that cardholder.
A pad that allows a PIN to be input at a POS, ATM or other STAR terminal.
The procedure used to verify a correct PIN number on the part of a STAR cardholder, initiated by an issuer participant to approve a transaction request.
A transaction in which a utility bill is paid by a STAR cardholder using a STAR POS, but without the use of a PIN.
A fee that the issuer member pays an acquirer member for a STAR POB transaction. POB interchange fees may occasionally change in the STAR network.
Clerk-operated devices where POB transactions are initialized.
The physical location where a merchant sells a good or service to a customer.
A complete system which transmits cardholder data to an authorization center, reporting activity and receiving an authorization in the process which allows the transaction to be…
A non-cash dispensing terminal located at a merchant’s point of sale which allows a customer to complete a transaction. A POS terminal is separate from a STAR Internet Device.
An acquirer member pays a POS interchange fee to an issuer member for each POS purchase or preauthorization completion transaction at a STAR merchant made by a STAR cardholder.
A point of sale device which connects to an authorization service provider or a bank’s system to authorize and forward electronic data to complete a sale. POS terminals usually…
A specialized tracking system and client database which regularly updates to CreditCardProcessing.com.
Lists the balance and credit for an active cardholder; inactive cardholder accounts are not included. Other active cardholder information, however, may be included in a positive…
A credit or debit is posted when it has been officially recorded in a cardholder’s account.
An acquirer presents transactions to an issuer for reimbursement, which is known as presentment. Presentment usually occurs on a daily basis.
A number issued to STAR cardholder accounts to identify a bankcard. A PAN is encoded into the magnetic stripe of a card and ranges between twelve and nineteen digits.
A financial institution which is involved as an issuing or acquiring member of a credit card company. This term is used exclusively by MasterCard International.
See “Encryption.” A private key generates a digital signature for data encryption and is an important tool in ensuring the security of financial data.
A proprietary card issued by a retailer, not to be confused with a bankcard. Private label cards are only accepted at a single store, chain or franchise.
The first date on a transmittal summary and draft for a transaction stamped by a processor or electronically listed on the 603 transmission header record.
An organization that is connected to VISANet and or Banknet and provides authorization and/or clearing and settlement services on behalf of a member.
A card that is issued solely by a single financial institution to its customers for access to a deposit or a credit account.
Standardized rules used in computer communications.
A key which verifies a digital signature in PKI and which enables data decryption for a private key holder. See “encryption” for more information.
PKI is a complex system involving policies, computer systems, and guidelines that provide for the safe and secure handling of public and private keys for the encryption and…
A card which allows businesses and their employees to control small purchases. Purchasing cards generally have reduced administrative costs.