Synonyms include hard copy, charge slip or sales slip. A sales draft provides paper documentation of any transaction, especially card transactions when used in respect to the STAR…
A deposit transaction account which differs from a checking account in that an issuer member doesn’t have to immediately pay when an order to pay has been properly presented.
Any code, data or password known to an account holder and an authenticator which is associated with encoded or private data. Includes private keys issued to STAR account holders,…
A very common security protocol used for enhanced privacy and security. SSL allows for end point authentication of Internet transactions. SSL prevents hacking and eavesdropping,…
The process or the area of CreditCardProcessing.com carrying out the process of security monitoring. The main goal of security is to reduce the potential for fraud via various…
A specialized review which ensures compliance with a variety of security protocols. This review is based on an approved checklist and is performed by an approved auditor to verify…
Signifies the completion of an ANS X9/TG-3 PIN security compliance review. This statement is completed by an approved auditor or a compliance officer and ensures that the items…
A number used to process common cards, including American Express, Discover, JCB and Diner’s Club cards.
A fee paid by an acquirer member to STAR for each STAR transaction not appropriately sent through a STAR switch in accordance with STAR rules and regulations.
A process which occurs when data or funds are exchanged between an issuer and an acquiring bank during the purchase and sale of a sales ticket.
Issued to a merchant, this document shows all credit and sales activity as well as other transactions affecting a settlement during a week, month or another set time period.
Specialized software that allows a website to have a virtual shopping basket, which keeps track of a customer’s prospective purchases while directing that customer through a…
A single-location merchant operation. Usually a singleton has no plans to start a franchise or chain.
Another term for a Merchant Station Plate.
A bankcard with a built-in computer chip. Computer chips are capable of storing more information than a magnetic stripe and can provide enhanced security among other benefits.
A protocol with a terminal-to-mainframe type connection used for communication technologies.
A decline on a card transaction due to the card exceeding its credit line, rather than a decline due to suspected fraud or attempted use of a lost or stolen card.
Refers to the authorization process of a split dial device, which directly dials individual card processors for authorization on transactions.
A process enabling authorization terminals to connect with card processors with different processing centers for easier authorization and electronic draft capture.
A single key split among two or more parties. This allows for less chance of key theft, as the key is useless for individual members and can only provide data decryption when all…
A STAR member who sponsors eligible STAR Internet Merchants, international members, or other members, applicants and other organizations into the STAR network.
Processing handled by an issuer member. This process shows up as a response to a request for a STAR transaction when a STAR switch is acting on behalf on an issuer member to obtain…
A holder of a STAR account, pursuant to all STAR rules declaring account ownership eligibility. In Internet transactions, a STAR account holder is specifically defined as a person…
An ATM sponsored or owned by any acquirer member, which allows STAR transactions for STAR cardholders.
See “STAR Transaction” for more information.
The transactions which can be initiated via a STAR card at a STAR ATM. These transactions include the following:
A card which is issued by an issuer member for access to the STAR network. A STAR card can be used to affect various types of transactions, including POB, POS and ATM transactions.…
Any person issued a STAR card for the purpose of effecting transactions at a STAR terminal by a STAR issuer.
A form of STAR transaction. See “STAR Transaction” for more information.
The transaction set for STAR interbank transfers is as follows:
A device capable of initiating and carrying out STAR Internet transactions through the actions of a STAR account holder. An Internet device ensures security through the use of…
An Internet merchant can complete Internet transactions by accepting authentication tokens. All Internet merchants are sponsored by an acquirer member; see “Acquirer Member” for…
A type of STAR transaction. See “Star Transactions” for more information.
When a STAR Internet transaction is completed, an Internet transaction receipt is generated with information about the financial transaction. This receipt is either generated by an…
The response time between the end character of a message at an Internet device and the first character of the reply at the same device.
The STAR Internet Transaction set consists of any of the following transactions.
Marks approved by STAR Systems and approved by STAR or its affiliates, including logos and “STAR” which are affixed to terminals which participate in the STAR network. STAR marks…
A member of the STAR network, including international members, holding company members and financial institutions. STAR members must be approved by an executive officer appointed…
An agreement required for membership in the STAR network. The agreement is individually executed between each member and STAR. It is also occasionally changed.
A merchant in the STAR network has agreed to the STAR merchant agreement. Merchants accept cards from STAR cardholders for goods and services. Typically, a merchant will handle…
A card that allows a card holder to receive funds via the STAR MoneyGram Money Transfer Service. In order to initiate a receive transaction through this service the cardholder must…
Any participant in a STAR MoneyGram transaction who uses a MoneyGram card, combined with a secret PIN number created for the transaction, to receive funds via the service.
A fee paid by the sender of a STAR MoneyGram to purchase a money transfer via the STAR MoneyGram Money Transfer Service.
A transfer of funds from one STAR cardholder to another via the Star MoneyGram Money Transfer Service. Requires a STAR terminal participating in the service.
A service provided for STAR cardholders in which money can be electronically transferred from one cardholder to another through a STAR terminal participating in the MoneyGram…
An independent party provides the MoneyGram transfer service. The company, Travelers Express Company, Inc. is not affiliated with the STAR Network.
The receive side of a STAR MoneyGram transaction, in which a card holder makes a cash withdrawal.
The transaction in which a MoneyGram Sender purchases a MoneyGram at a STAR terminal which is a part of the MoneyGram program.
Any cardholder that sends a money transfer through the MoneyGram service. This is initiated by purchasing a MoneyGram at a terminal which participates in the STAR MoneyGram…
Every aspect of STAR’s network holdings. This includes POS systems, authorization systems, the STAR marks and graphic standards and ATM systems.
An advisory committee which provides recommendations to the staff of the STAR network. The STAR Network Advisory Group is made of members from financial institutions selected by…
The STAR POB transaction set consists of all of the following, subject to STAR rules.
Scrip is defined as paper which is redeemable for goods or services or usually cash. STAR POS scrip can be purchased through a STAR POS scrip terminal. It is not the same as a…
A type of unattended terminal at which a POS scrip can be purchased. A STAR POS scrip terminal is operated by a cardholder.
A purchase of a POS Scrip through a transaction at a STAR POS scrip terminal.
Any POS terminal or ATM used in transactions permitted by STAR. STAR POS terminals are governed by the merchant agreement and sponsored through an acquirer member. STAR POS…
A type of STAR transaction. See “Star Transaction” for more information.
A POS transaction set can handle the following functions on behalf of a STAR cardholder:
STAR’s service area consists of the following, listed alphabetically: Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Kansas,…
A necessary agreement between processors and STAR Systems which indicates the manner in which processors can handle and process STAR transactions.
A completely automated means of connecting to the STAR Central, West and Southeast switch platforms for the purpose of accessing terminal directory information, contact directory…
Switches relay information and are used for a variety of functions. Several STAR switch platforms exist. A STAR Switch receives info for a POB or POS transaction and other types of…
Collected from acquirer members or issuer members, a fee assessed to maintain STAR switch operation. This fee may change occasionally and is established by the STAR network.
Platforms that process data, including STAR transactions. There are four STAR switches:
Another name for Star Networks, Inc., which does business as Star Systems®.
A POS, POB, ATM or Scrip terminal with the correct STAR identification marks that allows STAR cardholders to initiate STAR transactions. STAR Internet transactions don’t go through…
The transactions approved by the STAR system. They include the following:
The STAR service mark, which is used to identify a member of the No Convenience Fee Program. See “No Convenience Fee” for more information.
A kit shipped to new merchants, with credit slips, batch header tickets and other essential supplies for receiving, processing and storing bankcard transactions and information.
Any update or change to an account that doesn’t change the monetary value or the financial standing of the account. Examples include address changes.
A pre-paid card that acts as a debit card with a set value purchased with cash.
Separating an individual or several transactions from a batch for the purposes of settlement, usually to obtain direct processing from a certain closed credit card company.
A group of batch deposits sent for processing electronically or by mail to merchant services.
An agreement in the No Convenience Fee program between STAR and a participating member. See “No Convenience Fee” for more information.
Forms and paper documentation which are intended to initiate or change a chargeback process.
Another term for a convenience fee. See “Convenience Fee” for more information.
Any transaction that is suspected of fraudulent use within one day prior to or after the card has been listed in a warning bulletin.
A routing mechanism which sends an electronic signal containing electronic data to a data processor from a POS terminal for authorization.