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Issue number

The 1- or 2-digit number that is printed on certain European debit cards, which indicate how many versions of the card have been issued to the cardholder. This value is used for authentication.

See Also

Card authorization terms

Acquiring financial institution

Authorization

Batch

Capture

Card authorization gateway

Card Security Code (CSC)

DBA name

Deferred authorization

Manual authorization

Editing

Flag

Immediate authorization

Issue date

Issuing financial institution

Merchant account

Submit

Settlement

User account

Void

Issuing financial institution

An issuing financial institution extends credit to a customer through credit card accounts or provides electronic account debits through debit cards. The issuing financial institution issues a credit card and bills the consumer against the credit card account. An issuing financial institution is also referred to as the cardholder's financial institution or issuer.

Merchant account

The account that collects the funds from a credit/debit card transaction. The merchant account receives the funds after the capture is complete.

Submit

Submit is the process of sending deferred credit/debit card transactions to a gateway for authorization.

Settlement

Settlement is the process in which an electronic credit card transaction is settled between your acquiring financial institution and the customer's credit card issuing financial institution. Your acquiring financial institution credits your account for the credit card sale and the sale is posted to the customer's credit card account.

User account

The account that is debited after an authorized credit/debit card transaction is captured.

Void

A void is a deleted payment transaction. The transaction can then be replaced with a new transaction.


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