resource center glossary of terms

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Regional Debit Networks
Networks formed by groups of banks in certain regions of the country that allow debit cards from banks subscribing to these networks to be used within those regions at other subscribing banks and at subscribing retailers.

Regions
Abbreviation for Regions Bank, formerly known as First Alabama Bank.

Restricted Account
A cardholder account which may not be used without authorization.

Restricted Card List
A list of cardholder accounts which are restricted and on which transactions are not to be completed without authorization. See also Combined Warning Bulletin.

Retrieval Request
A request by the issuer to the acquirer for a copy of the actual ticket of a transaction. The initial step that the issuer takes in the event that either the issuer or the cardholder disputes a transaction.

Revolving Credit
Allows Cardholders to make regular payments on the balance owed rather than having to pay off the entire balance at one time.

Sales Draft
Paper evidencing a purchase of goods or services by a cardholder from a merchant through the use of a credit card

Service Establishment (SE) Number
Merchant numbers assigned by American Express, Discover/NOVUS and check services. American Express SE numbers are 9 digits. Discover / NOVUS numbers are 15 digits and start with 6011. Check service SE numbers vary in length and start with any digit.

Settlement
Process by which an incoming file from Networks are verified and collected. Various settlement functions are: verifying incoming files -- verifying ACH payment -- verifying funding from Visa and Mastercard net settlement and reject processing and correction. It can indicate that transactions were settled from the terminal. It also can refer to the clearing of transactions through Interchange.

SIC
Standard Industry Code-Terminology used by Visa to identify what a merchant sells.

Sponsored Member
A sponsored member can only solicit card applications for a proprietary member, as an agent, or acquire merchants for the proprietary member. Visa terminology.

Standard Rate
A rate. Indicates the transaction did not meet any of the qualifications for the lower rates. This rate includes business cards. All paper merchants will fall to this rate.

Star (Explore)
A regional debit network

Swipe
The action of sliding a credit card through the cardreader portion of an authorization terminal.

Switch
An electronic mechanism that routes transaction data from a POS terminal to the authorizing data processor for approval by the issuer.

T&E
Travel and Entertainment.

T&E card
Travel and Entertainment card issued by a private, non-bank company which deals directly with the cardholder and merchant and generally requires payment in full monthly. Example of T&E cards are American Express, Diner’s Club, etc.

T&E Merchant
Travel & Entertainment - Refers to any merchant in the Travel and Entertainment industry, such as restaurants, hotels, car rentals, etc.

Telemarketing
Selling goods or services over the phone for payment by credit card.

Terminal Based
Software protocol. The sales are stored in the terminal.

Terminal Identification (TID) Number
The unique number assigned to each point of sale terminal that tells the Host which merchant a transaction came from and where an authorization is to be sent.

Terminal Provider
A terminal provider supplies the software on which a terminal operates.

Terminated Merchant File
A file listing of merchants names and their principals whose bankcard relationship has been terminated for some reason by an acquirer. Operated jointly by MasterCard and Visa.

Third Party Processor
A non-member agent contracted by a member to provide authorization, processing and merchant services.

TIIF I
A name of a rate qualification prior to April 96. This rate was eliminated and replaced with either Key Entered or EIRF.

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