Terms And Definitions - VeriFone CCV Smart VX 820 User Manual

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TERMS AND DEFINITIONS

Term
Acquirer
Acquirer Merchant ID
Acquirer parameter session
Authorisation code
Card allocation report
Card holder
Currence
CVC2 code
Dutch Payments Association
Dynamic IP address
E-Journal
EMV standard
Ethernet connection
Internet Service Provider
Merchant password
Terminal Management System
TMS Terminal ID
CID086A/03012013
Definition
A payment institution or bank that receives and processes
transactions. An acquirer also issues information required for the
acceptance of transactions.
The Merchant ID for a payment card. You need this number to
accept a payment card on your payment terminal.
A communication session with the acquirer host for the purpose of
retrieving acquirer parameters for your payment terminal. These
parameters determine which cards are accepted by your terminal
and how the terminal handles these cards.
A unique code that you are required to enter when carrying out the
following transaction types: cancellation, sale after reservation,
sale referral, extra reservation, and cash advance after referral.
A report listing the types of payment cards accepted by your
payment terminal, and specifying the transaction processor(s) to
which these payment cards are allocated.
A person to whom you charge money for a specific product and/or
service, and who pays for that product and/or service with a
payment card.
An organisation that certifies data communication providers with
respect to transactions using 'Chipknip' stored-value cards.
A three- or four-digit code printed on the front or back of a
payment card for security purposes.
The Dutch Payments Association (Betaalvereniging Nederland)
organises collective activities in the national payment system on
behalf of its members. The Association's members are providers
of payment services in the Dutch market, i.e. banks, payment
institutions and electronic money institutions. The Association
coordinates the collective activities of its members in the area of
infrastructure, standards and shared product features. These
activities are aimed at ensuring an effective, secure, reliable and
efficient payment system.
An automatically assigned IP address that can change over time.
A financial report consisting of copy receipts of all transactions
completed during a specific period.
An international standard for payment transactions and cash
advances using payment cards.
A connection used to interconnect devices in a network. Your
payment terminal must be connected to the Internet via an
Ethernet connection.
An organisation that provides facilities to private individuals and/or
enterprises for the purpose of connecting a computer or other
device to the Internet.
A password that restricts access to the merchant menu and that
must be entered to perform specific actions.
A system for the management and maintenance of payment
terminals.
A unique payment terminal identification number that serves as a
key providing access to the CCV Terminal Management System.
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