Switch
Switch:
An electronic mechanism that routes transaction data from a point-of-sale terminal to the authorizing data processor for approval of the card-issuing institution.
S
Suspect Transaction
Suspect Transaction:
A transaction that occurs one day prior to or following the account number being listed in the combined Warning Bulletin or listed as pickup card.
Surcharge
Surcharge:
See Convenience Fee.
Supplement
Supplement:
An agreement between STAR and a Member electing to participate in the No Convenience Fee Program.
Support Documentation
Support Documentation:
The forms necessary to effect a chargeback processing cycle, and any additional material to uphold a dispute.
Submission
Submission:
The process of sending batch deposits to Merchant Services for processing. This may be done electronically or by mail.
Strip Off
Strip Off:
The process of separating transactions during submission of a batch for settlement. For example, Merchant Processors strips off American Express transactions and sends them directly to AMEX for processing.
Stored-Value Card
Stored-Value Card:
A pre-paid payment card that stores a monetary value from which the purchase amount is deducted from the card each time the card is used.
Status Change
Status Change:
A non-monetary change such as an account change or update, i.e., new merchant address.
Start Up Kit
Start Up Kit:
Supplies shipped to new merchants including sales slips, credit slips, batch header tickets, return envelopes, VISA/MasterCard decals, merchant plastics, imprinter slugs and instructional materials.
