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Definitions (19)
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daily transaction file
The transaction file that includes all of your Purchasing Card spend for the previous 48 hours. DCC Dynamic Currency Conversion A foreign exchange mechanism provided by banks and third parties that gi [..]
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jcb japan credit bureau
An issuer of the JCB Card, the leading Japanese travel and entertainment card, accepted in over 100 countries worldwide.
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acquirer
A financial institution that provides facilities for businesses to accept payments by cards and receive these funds. AVS Address Verifications Service Fraud-prevention mechanic that verifies a custome [..]
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bacs
Bankers Automated Clearing Services Limited - an electronic funds transfer service whereby customers may enter debit and/or credit entries directly into the UK bank clearing system. The automated tran [..]
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cardholder
An Institution which issues a payment card to the cardholder Card Issuer An individual to whom a card has been issued or an individual authorised to use such a card. Cardholder Transaction The use of [..]
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eci electronic commerce indicator
A mandatory requirement from card Schemes to distinguish transactions generated through the Internet EDC/Maestro An international payment (debit card) scheme launched in 1993 offering issuers the choi [..]
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floor limit
An amount agreed between an acquirer and a merchant for a single transaction over which an authorisation approval must be obtained by the merchant for guarantee of payment subject to compliance with c [..]
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government procurement card
Same as a VPC but specifically aimed at Government Agencies and Bodies.
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handset
A telephone handset which incorporates a 'ringer' but not necessarily a keypad.
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integrated system
A terminal, which operates in conjunction with another device e.g. an electronic cash register, or is part of a network of terminals.
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