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| Term |
Definition |
| Card Association |
Any entity whose members issue credit or debit cards or
acquire card payment transactions on behalf of their
customers.
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| Card Code Verification |
Card Code (CVV2 - CVC2 - CID) is a three-digit security code
that is printed on credit cards. The value appears in
reverse italic at the top of the signature panel on the back
of the card (Visa, MasterCard, Discover), or on the front of
the card just above the end of the credit card number
(American Express). These additional numbers provide an
extra measure of security against unauthorized credit card
transactions. The credit card would need to be present for
the purchaser to know the Card Code number, as it is not
stored on any system outside of the credit card issuer. The
Payment Gateway allows you to customize your account so that
the system rejects transactions where the Card Code provided
by the cardholder is invalid. By using Card Code
verification, you are able to make a more informed decision
about whether to accept a particular credit card
transaction.
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| Cardholder |
A person or entity that is issued a credit or debit account
that is accessed through the use of a card.
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| Chargeback |
Any disputed credit or off-line debit card sale that is
returned to the Acquirer for reimbursement to the
Cardholder's account. (The return of a sale that has
previously been charged to an Issuer and subsequently to its
Cardholder.)
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| Clearing |
The transfer of data between Issuers and Acquirers.
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| Credit Slip |
A paper or electronic representation of credit that is
issued to a Cardholder on a prior credit card sale.
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Big Sky Commerce, Inc. is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA
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