A hard copy description of the transaction that occurred at the point of sale. Minimum information contained on a receipt is date, merchant name and location, account number, type of account used (e.g., Visa, MasterCard, American Express), amount, reference number and/or authorization number, and action code.
A consumer, customer, employee, or business who has authorized ACH payments by Direct Deposit or Direct Payment to be applied against a depository account.
A financial institution that provides depository account services to consumers, employees, and businesses and accepts electronic debits and credits to and from those accounts.
A transaction in which a cardholder has given a merchant permission to periodically charge the cardholder’s account.
A one-letter code that indicates whether a transaction was approved or declined.
A one- to three-digit number that indicates the result of a transaction. Approved transactions receive a “0,” whereas there are a variety of codes for declined transactions, which may have failed for a variety of reasons.
A request to a merchant for documentation concerning a transaction, usually initiated by a cardholder dispute or suspicious sale/return. A retrieval request can lead to a chargeback.
Any of the codes returned when a transaction is processed.
Request for Comments; the generic term for Internet standards documents. Originally, researchers and academicians working on specific internetworking projects published their work as RFCs to solicit further comments from others working in the field, as well as to identify errors and problems.
A multihomed host (connected to at least two networks) that is able to forward network traffic from one connected network to another.
An encryption method using a pair of keys—one public, one private.