Translation
Translation:
The cryptographic process performed within a TRSM whereby encrypted data is decrypted from using one PIN encrypting key and re-encrypted the PIN using a second PIN encrypting key.
T
Transaction Time
Transaction Time:
The local time at which a STAR Transaction was initiated.
Transaction Identification Number
Transaction Identification Number:
A security value generated by the STAR MoneyGram Money Transfer Service Provider, printed on a receipt for a STAR MoneyGram Send Transaction, and used by the STAR MoneyGram Card Holder in combination with the STAR MoneyGram Sender’s selected secret code to receive the associated STAR MoneyGram Money Transfer.
Transaction Fees
Transaction Fees:
Service costs charged to a merchant on a per-transaction basis.
Transaction Date
Transaction Date:
The actual date on which a transaction occurs. Used in recording and tracking transactions.
Transaction
Transaction:
Any event that causes a change in an organization’s financial position or net worth, resulting from normal activity. Advance of funds, purchase of goods at a retailer or when a borrower activates a revolving line of credit. Activities affecting a deposit account carried out at the request of the account owner. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.
Trace Number
Trace Number:
The “Retrieval Reference Number” defined as data element number P-037 in the Technical Specifications.
Ticket
Ticket:
Another name for the sales slip or its ‘monetary value’ that results when a credit card purchase is made.
Third-Party Processing
Third-Party Processing:
Processing of transactions by service providers acting under contract to card issuers or acquirers. Merchant Processors is a third-party processor.
Thin Consolidator
Thin Consolidator:
One of four models of electronic bill presentment and payment (EBPP). The biller sends summary billing data to a central service provider that consolidates electronic bills from different billers so that the customer has a single site of access for viewing billing information and making payments electronically. The customer may access full billing data through the billers web site. Other models include: Biller Direct, Thick Consolidator and Customer Consolidation.
