resource center glossary of terms

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Convenience User
A cardholder who pays his/her account balance in full on or before each payment due date.

Counterfeit Card
A plastic card that has been fraudulently printed, embossed, or encoded to appear to be a genuine bankcard, but has not been authorized by MasterCard or Visa or issued by a member - a card that was originally issued by a member but has subsequently been altered without the issuer’s knowledge or consent.

Counterfeit Paper
Paper originating form the use of counterfeit cards for transactions.

CPS
The best rate an EDC merchant can quality for (VISA only). It also is known as the Qualified rate. See Qualified Rate.

Credit
The process of reimbursing a cardholder's account for returned merchandise.

Credit Balance
On a revolving line of credit, the amount currently owed by the cardholder.

Credit Card(s)
A plastic card with a revolving credit limit used to purchase goods and services and to obtain cash advances on credit for which a cardholder is subsequently billed by the issuer for repayment of the credit extended.

Credit Draft
Paper evidencing a refund or price adjustment by a merchant to be credited to a cardholder’s account

Credit Limit
The maximum dollars available on the account, set by the issuing financial institution. The maximum amount the cardholder may owe to the issuer on the card account at any time.

Credit Line
Also called a credit limit. The amount of money a Cardholder can charge against his or her card. This amount is determined by the Issuing Bank based on the Cardholder’s past credit history.

Credit Loss
The amount lost (charged off) as a result of the cardholder’s failure to repay the amount owed on the account.

Credit Slip
The form stating a refund or price adjustment to be credited to a cardholder account. Also referred to as a credit voucher.

Credit Soaring
A method for predicting the creditworthiness of a credit card applicant through statistical analysis.

Credit Voucher
Paper evidencing a refund or price adjustment by a merchant to be credited to a cardholder’s account

Current Account
A cardholder account on which payment is up to date and no amount is overdue.

Data Capture
The collection, formatting and storage of information in computer memory. Some point-of-sale terminals perform data capture functions. See EDC terminal.

Data Transport Network
In MasterCard, the part of the BankNet system through which information is exchanged between members and the central processing site in St. Louis, MO.

DBA
Doing Business As - Name on sign outside of the store.

DCN
Deposit Correction Notice - A notice of correction that is sent to a paper merchant. Indicates the batch header was incorrect.

DDA
Demand Deposit Account - The merchant’s checking account number

Debit
A charge to a customer’s bankcard account.

Debit Card
A bankcard, used to purchase goods and services and to obtain cash that debits the cardholder’s personal deposit account.

Decryption
The method of unscrambling encrypted information. See "encryption".

Delinquent Account
The account status occurring when the cardholder does not meet the payment conditions of the cardholder agreement, i.e., one or more payments are past due.

Deposit Account
An account used by a customer to make deposits and withdrawals at a financial institution. Includes checking, savings and NOW accounts, etc.

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