Glossary

STAR POS Transaction Set

A POS transaction set can handle the following functions on behalf of a STAR cardholder:

1. Purchases: This is probably the most common POS transaction, in which a debit or credit card is used to complete a sale. Purchases may include overpayment paid in cash to the STAR cardholder.
2. POS Balance Inquiries: Balance inquiries allow the cardholder to gain information about an access account’s value.
3. Pre-Authorization and Pre-Authorization Completion: A transaction that authorizes the amount of funds available to a card, and upon completion, funds are withdrawn or used as a payment at the POS.
4. Purchase Corrections or Cancellations: Corrections and cancellations can either be handled by a merchant or a cardholder. They’re often used to correct a mistake such as an accidental purchase or a mistake on part of the merchant. Corrections result in a debit to the cardholder’s deposit account.
5. Money Transfers: Transfers are completed through a MoneyGram Send Transaction, which transfers funds directly from one account to another. This transaction may not be supported at every POS.
6. Bill Payments: Bill payments can be completed without a PIN, and transfer funds directly from a deposit account to a utility company using the system. Bill payments are typically handled by telephone by way of a VRU (see “Voice Response Unit”).