Terms with Tag Credit Card

  • Credit Card Security Code (CCSC)Acronym,
    • Credit Card Verification (CCV)Acronym,
      • Credit Card Verification System (CCVS)Acronym,
        • Customer Not Present (CNP)Acronym,
            More commonly known as Cardholder Not Present (CNP).
          • Diners Club (D, DC)Acronym,
              A brand of credit card.
            • Discover (DS, DISC)Acronym,
                A brand of credit card.
              • Dynamic Currency Conversion (DCC)Acronym,
                • A financial service that converts a purchase payment amount into a cardholder's local currency when using a credit card in a foreign country.
                Also known as Cardholder Preferred Currency (CPC).
              • General Purpose Reloadable (GPR)Acronym,
                  Prepaid debit card.
                • Glacier Credit Card Trust (GCCT)Acronym, Canada,
                  • Issuer Identification Number (IIN)Acronym,
                      International numbering system for the identification of credit card issuers.
                    • Major Credit Card (MCC)Acronym,
                      • Master Credit Card Trust (MCCT)Acronym,
                        • MasterCard (MC) Acronym,
                          • A credit card issued by MasterCard International which is distributed by many financial institutions around the world. Card holders borrow money against a credit line and pay it back with interest if the balance is carried over from month to month.
                        • Merchant Category Code (MCC)Acronym,
                          • Over Limit Fee (OLF)Acronym,
                              Secured Visa fee.
                            • Payment Application Best Practices (PABP)Acronym,
                              • Personal Identification Number (PIN) Acronym, Important,
                                • A unique, confidential number or pass code, usually consisting of four to six digits, entered by a customer when using an Automated Teller Machine (ATM) or Interac Direct Payment, that gives the customer access to his or her account.
                              • Purchased Credit Card Relationships (PCCR)Acronym,
                                • Residual Retail Finance Charge (RRFC)Acronym,
                                  • Secured Credit Card Definition,
                                    • A credit card that a cardholder secures with a savings deposit to ensure payment of the outstanding balance if the cardholder defaults on payments. It is used by people new to credit, or people trying to rebuild their poor credit ratings.
                                  • Smart Card Definition,
                                    • A card with an embedded computer chip which stores more information, performs more functions and is more secure than a credit card or debit card.
                                  • Standard Card Definition,
                                    • The basic card offered by issuers. Customers with higher incomes and good credit reports can qualify for the higher-limit gold and platinum cards.
                                  • Terminal Integration Process (TIP)Acronym,
                                    • Terminated Merchant File (TMF)Acronym,
                                      • A black list of merchants who have been revoked by acquiring banks or credit card companies.
                                      Also referred to as a MATCH file.
                                    • Trans Canada Retail Services (TCRS)Acronym, Don Mills, Ontario, Canada,
                                      • Universal Credit Card Charge Form (UCCCF)Acronym,
                                        • Unsecured Line of Credit (ULOC)Acronym,
                                          • Visa (V) Acronym,
                                            • A type of credit card that is distributed by financial institutions around the world. A VISA card holder borrows money against a credit line and repays that money with interest if a balance is carried over from month to month.
                                            A brand of credit card.
                                          • Visa International Operating Regulations (VIOR)Acronym,
                                            • Visa International Service Association (VISA)Company,
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