Definitions
Depository Financial Institution
Depository Financial Institution: A financial institution that: Is authorized by law to accept deposits; Is eligible for Federal Deposit Insurance...
by , read more
Doing Business As (DBA)
Doing Business As (DBA): Refers to the specific name and location of the merchant establishment where credit card purchases are...
by , read more
Zero Floor Limit
Zero Floor Limit: Requires that all cardholder transactions be authorized....
by , read more
Wide Area Network (WAN)
Wide Area Network (WAN): A network using common carrier provided lines (in contrast to LAN)....
by , read more
Wang
Wang: A stand-alone system developed to handle chargeback processing with Merchant Processors. Also called the Chargeback Image Processing System (CIPS)....
by , read more
Voice Response Unit (VRU)
Voice Response Unit (VRU): An automated authorization support system for touch-tone telephones....
by , read more
Visanet
Visanet: The data processing systems, networks, and operations used to support and deliver authorization services, exception file services, and clearing...
by , read more
Valid Date
Valid Date: The date embossed by the card issuer on the credit card. An establishment cannot accept a card for...
by , read more
Utility Company
Utility Company: Any municipal, state, or other public utility system or systems operating for the manufacture, production, distribution, or sale...
by , read more
Translation
Translation: The cryptographic process performed within a TRSM whereby encrypted data is decrypted from using one PIN encrypting key and...
by , read more