Visa/MasterCard

Visa and MasterCard have made important changes to merchant acceptance as part of a proposed settlement for merchants located in the U.S. and U.S. territories. For more information click here.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

DAS Score
Data Capture
Data Transport Network
DBA
DCN
DCSI
DDA
Debit
Debit Card
Decryption
Delinquent Account
Deposit Account
Detail Review
Dial-Up Terminal
Direct Mail Merchant
Direct Pass Through
Disclosure
Discount Fees
Discount Rate
Disputes
Downgrades
Download
Downloading
Dual Dating
Duality


DAS Score

Delinquency alert system (DAS) score. This is an MDS (management decision systems) score supplied by credit bureau's which predicts the likelihood of an applicant to file for bankruptcy or to have major derogatory information appear on their bureau file.
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Data Capture

The collection, formatting and storage of information in computer memory. Some point-of-sale terminals perform data capture functions. See EDC terminal.
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Data Transport Network

In MasterCard, the part of the BankNet system through which information is exchanged between members and the central processing site in St. Louis, MO.
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DBA

Doing Business As ó Name on sign outside of the store.
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DCN

Deposit Correction Notice ó A notice of correction that is sent to a paper merchant. Indicates the batch header was incorrect.
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DCSI

Deposit Computer Service Inc. A company used to key enter Elavonís paper merchantís sales drafts (Mellon merchants only.)
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DDA

Demand Deposit Account. An account where funds are deposited as a checking or saving account.
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Debit

A charge to a customerís bankcard account.
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Debit Card

A plastic card, issued by a financial institution that charges the customer's personal account (usually DDA), the card may be proprietary (issued solely by one institution), or it can be a regionally or nationally accepted card.
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Decryption

The method of unscrambling encrypted information. See "encryption".
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Delinquent Account

The account status occurring when the cardholder does not meet the payment conditions of the cardholder agreement, i.e., one or more payments are past due.
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Deposit Account

An account used by a customer to make deposits and withdrawals at a financial institution. Includes checking, savings and NOW accounts, etc.
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Detail Review

On-line review of transactions in the batch, either a specific transaction or the entire batch.
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Dial-Up Terminal

An authorization terminal that (like a telephone) dials the authorization center for validation of transactions.
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Direct Mail Merchant

Indicates merchants that submit actual sales drafts for payment (paper merchant) through the mail for payment
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Direct Pass Through

The merchant is charged the exact Interchange and assessment charged by Visa/MasterCard plus a per item or basis points. This is only used for large Key or National Accounts.
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Disclosure

The information required by federal or state law to be relayed to the cardholder concerning the terms of the credit agreement. Disclosure must be made by the issuer before the first use of the card by the cardholder, and must subsequently be included on all monthly statements and other documentation mentioning finance changes.
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Discount Fees

The amount charged by an acquiring bank to the merchant for processing credit card drafts.
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Discount Rate

A percentage rate that merchants are billed for the processing of Visa or Mastercard transactions. This discount rate can be applied to net or gross sales.
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Disputes

A transaction "in dispute" is a charge that has been posted to a cardholder's account now being questioned for validity. Disputes are governed by association operating regulations which provide instructions for action and timelines by type of dispute.
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Downgrades

A downgrade occurs when the merchant does not meet the Visa/MasterCard requirements for a transaction and as a result the transaction is moved to a lower level of interchange. The merchant pays a higher rate for downgrades.
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Download

Function performed to get a software program into a POS device.
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Downloading

Process of programming a terminal via modem from Zon Talk to the terminal.
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Dual Dating

The practice of embossing cards with both valid form and expiration dates. Fraud-deterrent measure.
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Duality

The membership of a financial institution in both MasterCard and Visa. Legality outside of the US varies according to nation.
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