resource center glossary of terms

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National Association
MasterCard International or Visa International member-owned organizations, each governed by a board of directors, that have developed standards and procedures for the bankcard system and license members to issue cards with the association trademarks and accept merchant drafts.

National Debit Networks
Networks formed by groups of banks that allow debit cards from banks subscribing to these networks to be used all over the country at other subscribing banks and at subscribing retailers.

NDI
Next Day Inquiry-Gives daily activity for a merchant.

Network
An entire system of communication lines.

Non-Face-To-Face Transaction
Any transaction where the card is not present, such as a mail order purchase.

Non-Qualified 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.

Non-Bank
In a payment system, a financial institution not offering retail banking services.

Non-Bank Card
A card which is not issued by a financial institution, such as American Express.

No-Show
A charge processed by a hotel or motel when a cardholder either fails to arrive within a specified time or fails to cancel the guaranteed reservation within a specified time frame. The words "no-show" must be written on the signature line of the sale draft.

Novus
The company that owns the Discover card. The phone number is 800-347-2000.

NYCE (Yankee 24)
A regional debit network.