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

T&E
T&E Advance deposit Transactions
T&E card
T&E Merchant
Telemarketing
Terminal Based
Terminal Identification (TID) Number
Terminal Provider
Terminated Merchant File
Third Party Processor
TIIF I
TIIF II
Timeclock
TOB
Total Deposit Amount
Total System
Track 1
Track 2
Transaction
Transaction currency
Transaction Date
Transaction Reference #
Transmittal Slip
Transmittal Summary Chargeback Draft (ICA-2)
Transmittal Summary Clearing Draft (ICA-1)
Travel Itinerary
Travelers' Cheque
TSYS
Twenty-Four Business Hours
Type


T&E

Travel and Entertainment.
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T&E Advance deposit Transactions

A Transaction completed by a Lodging, Car Rental, or Cruise Line Merchant participating in the T&E Advance Deposit Service resulting from the Cardholder's agreement to use his/her Card for payment of an advance deposit to reserve accommodations or a vehicle.
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T&E card

Travel and Entertainment card issued by a private, non-bank company which deals directly with the cardholder and merchant and generally requires payment in full monthly. Example of T&E cards are American Express, Dinerís Club, etc.
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T&E Merchant

Travel & Entertainment ó Refers to any merchant in the Travel and Entertainment industry, such as restaurants, hotels, car rentals, etc.
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Telemarketing

Selling goods or services over the phone for payment by credit card.
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Terminal Based

Software protocol. The sales are stored in the terminal.
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Terminal Identification (TID) Number

The unique number assigned to each point of sale terminal that tells the Elavon Host which merchant a transaction came from and where an authorization is to be sent.
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Terminal Provider

A terminal provider supplies the software on which a terminal operates.
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Terminated Merchant File

A file listing of merchants names and their principals whose bankcard relationship has been terminated for some reason by an acquirer. Operated jointly by MasterCard and Visa.
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Third Party Processor

A non-member agent contracted by a member to provide authorization, processing and merchant services.
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TIIF I

A name of a rate qualification prior to April 96. This rate was eliminated and replaced with either Key Entered or EIRF.
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TIIF II

A name of a rate qualification prior to April 96. This rate was eliminated and replaced with either Key Entered or EIRF.
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Timeclock

Elavon added value product. Allows the merchant to use his/her POS device as a timeclock. The feature is found on all Tranz applications and the F95. The new name for this product is Hourhand.
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TOB

Type of Business commonly used in notations made into Eclipse by merchant change group.
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Total Deposit Amount

Total of all deposits for a given reference number.
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Total System

A merchant accounting system that Elavon uses.
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Track 1

The ability of a terminal to read the track 1 stripe off the back of a credit card. Track 1 read numeric and alpha characters. This track is found on some Tranz 330ís all Tranz 380ís, 420ís and 460ís.
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Track 2

The ability of a terminal to read the track 1 stripe off the back of a credit card. Track 2 reads numeric characters only. This track is also needed to process debit cards. This track is found on all XLís 380ís, 420ís, and 460ís.
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Transaction

Any action between a cardholder and a merchant or member that results in activity on the account, such as a purchase, cash advance, debit or credit adjustment, etc.
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Transaction currency

The currency in which a transaction was originally conducted; usually the merchant's local currency.
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Transaction Date

The actual date that a transaction occurs. Used in recording and tracking transactions.
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Transaction Reference #

The unique identifier of the transaction.
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Transmittal Slip

Documentation that should be filled out by any bank that accepts paper sales drafts from merchants. Show total sales, total credits and net amount that is owed to the bank for all the bankís merchants.
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Transmittal Summary Chargeback Draft (ICA-2)

The form used by a member to collect from another member at any step in the chargeback process, i.e., chargeback, second presentment, second chargeback, etc.
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Transmittal Summary Clearing Draft (ICA-1)

The form used by the acquirer in settlement with the issuer.
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Travel Itinerary

A series of values indicating the date and destination of various legs of an airline tickets.
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Travelers' Cheque

A cash equivalent issued by MasterCard and Visa at member teller windows. The cheque can be used as cash at participating merchants and can be replaced if stolen. A nominal fee is charged to the customer for purchase of the traveler's cheque.
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TSYS

Abbreviation for Total Systems
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Twenty-Four Business Hours

A period of time defined as twenty-four (24) hours during which the member is open for business, not necessarily the same as one calendar day.
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Type

Specifies if the transaction amount is a "SALE" or "CREDIT".
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