Terms with Tag Credit Card

  • American Express Company (AMEX, AXP) Bank, Important,
    • A corporation known for its credit card business.
  • ATM Card Fee Bank,
    • This is not a debit card fee. It can be an annual or monthly fee charged on top of individual account fees to obtain an ATM card. The fee may also be charged per card or per account. For example, if an account is held jointly, the bank may charge for the second person to hold a card or it may charge one fee for all the cards on an account.
  • Automatic Credit Card Billing (ACCB)Acronym,
    • Automatic Credit Card Payment (ACCP)Acronym,
      • Average Daily Balance (ADB) Bank, Important,
        • This is the method by which most credit cards calculate your payment due. An average daily balance is determined by adding each day's balance and then dividing that total by the number of days in a billing cycle. The average daily balance is then multiplied by a card's monthly periodic rate, which is calculated by dividing the annual percentage rate by 12.
      • Balance Transfer Facility (BTF)Acronym,
        • Brand Credit Card (BCC)Acronym,
          • Card Holder Agreement Bank,
            • A written agreement or contract between a credit card holder and the credit issuer that details the terms and conditions of a credit card account. This agreement must include the Annual Percentage Rate, the monthly minimum payment formula, the annual fee if applicable, and the cardholder's rights in billing disputes. Changes to the agreement can be made at any time by the issuer with prior written notice.
          • Card Identification Number (CID)Acronym,
              Also known as Card Security Code (CSC).
            • Card Security Code (CSC)Acronym,
              • This is typically a three digit code found on the back of most major credit cards. It is primarily used as an extra security measure when a Cardholder Not Present (CPN) transaction is made.
              Also referred to as a Card Verification Value (CVV) or Card Verification Code (CVC).
            • Card Services for Credit Unions (CSCU)Bank, United States,
                Largest credit union card processing association in the US.
              • Card Validation Code (CVC2)Acronym,
                  Mechanism for credit card fraud prevention.
                • Card Verification Code (CVC)Acronym,
                    Also known as Card Security Code (CSC).
                  • Card Verification Number (CVN)Acronym,
                    • Card Verification Value (CVV, CVV2)Acronym,
                        Mechanism for credit card fraud prevention.
                      • Cardholder Not Present (CNP)Acronym,
                        • Refers to a transaction in which a merchant does not see the actual credit card. Examples include credit card payments by mail, facsimile, telephone, mobile device or computer over the Internet where the cardholder and credit card are not physically present at the point of sale.
                        Credit card code also referred to as "Card Not Present."
                      • Carte Blanche (CB)Acronym,
                          A brand of credit card.
                        • Citi Commerce Solutions of Canada (CCSC)Company, Canada,
                            Provides credit card services to retail merchants and is a subsidiary of Associates Financial Services of Canada.
                          • Classic Card Bank,
                            • Brand name for the standard card issued by VISA.
                          • Co-branded Card Bank,
                            • A type of affinity card issued through a partnership or alliance between a bank and another retail company. For instance, a large department store may co-brand a card with a bank. The card would have two brand names on it -- the bank's name and the store's name. Usually, the attraction of the card is special deals with the retail partner. Many -- particularly the ones affiliated with airlines that offer air miles -- are popular enough to command a hefty annual fee.
                          • Credit Card (CC) Bank, Very Important,
                            • A plastic card with a coded magnetic stripe that, when signed, entitles its bearer to a revolving line of credit, with a credit limit and interest rate determined by the borrower's income and credit report.
                            A payment card that gives customers access to a revolving line of credit.
                          • Credit Card Application (CCA)Acronym,
                            • Credit Card Application Processing System (CCAPS)Acronym,
                              • Credit Card Fraud Detection (CCFD)Acronym,
                                • Credit Card Identification (CCID)Acronym,
                                  • Credit Card Management System (CCMS)Acronym,
                                    • Credit Card Master Note Trust (CCMNT)Acronym,
                                      • Credit Card Number (CCN)Acronym,
                                        • Credit Card Purchase (CCP)Bank,
                                          • Credit Card Receivables (CCR)Acronym,
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