Simpler Smarter Savings


T&E Card: A travel and entertainment card. These cards are typically issued by non-bank companies. They are usually paid off in full on a monthly basis or on another regular schedule. T&E cards operate on an agreement between the company issuing the card and the cardholder.

T&E Merchant: A travel and entertainment merchant. T&E merchants primarily serve customers who need travel or entertainment services.

TCP/IP: Stands for Transmission Control Protocol/Internet Protocol. It is a way that computers communicate through the Internet.

Tamper Resistant Security Module (TRSM): An advanced technology which immediately and permanently erases sensitive data, including PINs and keys, when a device has been physically penetrated. Two categories of TRSMs exist. Resistant hardware TSRMs uses physical barriers, while the second type of TSRM adds security via a specialized key management system which generates a unique key per transaction.

Technical Specifications: The STAR network uses a number of technical specs for its hardware and for member computer systems. The specifications are regularly upgraded to reflect advancements in hardware and software.

Telephone Bill Payment: A form of electronic bill payment that uses standard telephone lines. Customers call to pay bills and give a specific authorization for each bill payment, or in some cases, recurring payments can be set up via telephone.

Terminal Based: Any system that holds captured debit and credit card transactions until settlement.

Terminal Record: A listing with records of all transactions at a terminal, regardless of those transactions’ status. Approved, denied, completed or not completed transactions are all listed in a terminal record. Terminal records are maintained by an acquirer processor or acquirer member.

Terminated Merchant File (TMF): A file jointly operated by MasterCard and Visa, the TMF consists of a listing of terminated merchant and principal accounts that have been prevented from issuing cards and had their bankcard relationships ended by an acquirer.

Thick Consolidator: In a thick consolidator model of electronic bill payment and presentment, all of a biller’s account billing data is relayed to a central service provider, which then consolidates the bills for presentation and payment in a single place for consumer. The thick consolidator model is one of the four main models of EBPP, or electronic bill presentment and payment.

Thin Consolidator: A model of EBPP, or electronic bill presentment in payment. In the thin consolidator model, the biller relays a summation of billing data to a central service provider for consolidation. The customer then receives a single site with access to electronic payment tools and easy-to-read, consolidated bills. It is one of the four main methods of EBPP.

Third-Party Processing: The processing of transactions by a third party which acts under a contract with an acquirer or a card issuer. CreditCardProcessing.com acts as a third party processor.

Ticket: The actual monetary value of a sales slip for a credit card purchase or the physical ticket itself.

Trace Number: Also known as a retrieval reference number.

The “Retrieval Reference Number” defined as data element number P-037 in the Technical Specifications.

Transaction: Defined as any sort of event which alters an organization, individual or other entity’s net worth or financial position from normal activity. Virtually any financial event that results in a gain or a loss could be considered a transaction, including charges, payments, wire transfers and deposits. It is most commonly used to refer to a payment or receipt of payment for goods or services.

Transaction Date: The physical date where a transaction occurs. A transaction date and time could vary depending on the time zone of the entity or computer recording this information. Transaction dates are used to track and record transactions.

Transaction Fees: Per-transaction costs charged to a merchant.

Transaction Identification Number: A number printed on the receipt of a STAR MoneyGram Send Transaction which is used by the cardholder with a secret code given to the cardholder by the STAR MoneyGram sender to receive the transfer. Transaction identification numbers are generated the STAR MoneyGram Money Transfer Service Provider.

Transaction Time: The time of any given STAR transaction, decided by the time in the location of the transaction.

Translation: A TRSM process in which an encrypted set of data is decrypted with a PIN encryption key before being re-encrypted with a second key, thereby translating the data to a new encryption with a different PIN.