Partial Reversal Status

In the case of a prior authorization capture transaction, a partial reversal may apply. This value indicates the success of the partial reversal transaction.

Payment Amount

The amount of a transaction submitted for authorization. This is the amount authorized against the specified payment method.

Payment Gateway

An Internet-based service that transports credit card information from a computer terminal or Web site to a credit card processor, where it can be verified.

Payment Method

The form of payment provided against a transaction. In the case of credit card charges or refunds, the payment method reflects the type of credit card. In the case of eCheck transactions, the payment method would be eCheck indicating that a consumer’s checking account has been charged or refunded. All transactions entered through the system must contain a valid payment method.

PCI DSS (Payment Card Industry Data Security Standards)

Common standards for merchants and third parties resulting from the alignment of MasterCard, Visa and other card associations with the similar goal of protecting payment card account data wherever it is received or stored.

PIN (Personal Identification Number)

A number that is assigned to consumers to identify them when they use debit cards at an ATM, point-of-sale device or a home device. Also used with some credit cards.

POS (Point of Sale)

The merchant location where a transaction originates between a cardholder and a merchant with the card and cardholder present; typically, the card magnetic stripe is read or the chip card is inserted into the reader and the cardholder’s signature is obtained.


A member, MasterCard and/or Visa, or a MasterCard/ Visa approved non-member acting as the agent of a member, that provides authorization, clearing or settlement services for merchants and members. Processors must have a sponsoring bank in order to gain access to interchange networks and provide for the settlement of funds. A business entity that receives a Monetary Destination file for clearing purposes.

PSP (Payment Service Provider)

Company that provides merchants the ability to accept electronic payments. PSPs can connect to financial institutions, card and payment networks and manage relationships with them as a service to merchants.

Recurring Billing Transaction

A recurring billing transaction indicates that a similar transaction is submitted multiple times over a period of time. This flag is sent to the processor during authorization indicating that this is a recurring billing transaction.

Reference Transaction ID

This is the transaction ID that links transactions to an original or parent transaction. In the case of credit transactions, a reference transaction ID may be entered to link the subsequent credit to the original transaction within the system.

Re-presentment (Reversal)

The re-submission by an Acquirer of a previously charged back sale in an attempt to re-charge the Cardholder. Chargebacks require some form of additional documentation confirming the validity of the charge and disputing the original chargeback reason.


Also see Merchant. In eCommerce terms, any business that accepts credit or debit cards, alternative payment methods or digital wallets, as a source of payment. The retailer is the party which offers goods for sale or provides services in exchange for payment.

Retrieval Request

A retrieval request occurs when a consumer requests more information about a transaction that appears on his or her credit card statement.

Routing Number

The number associated with an eCheck transaction that identifies the financial institution associated with a customer’s checking account.

Sales Draft

The paper or electronic evidence of a purchase.

Secure Payment Page

A secure payment page assures consumers that their payment information is encrypted for privacy and data integrity before it is sent over the Internet. This page is typically identified by the “s” in https:// (instead of http://). Payment gateway providers make this necessary eCommerce link possible by hosting the payment gateway software and individual secure payment pages on their own servers.


A MasterCard security solution designed to authenticate cardholders when paying online; one of the 3-D Secure protocols. It standardizes the data transport infrastructure for passing cardholder authentication information among the merchant, acquirer, and issuer communities.


Protection from harm. In eCommerce terms, security is ensuring that transactions are not open to fraud. In eCommerce systems, security protocols protect the consumer, the merchant and the bank from hackers and fraudsters.

Seller Account or Online Seller Account

The financial institution account a Seller identifies as the sole account from which monthly and/or transaction fees are debited.

Seller Bank

(Acquirer or Processor) The financial institution with which a Seller contracts to accept credit cards for payment of goods and services.

Seller Fees

Sellers are charged several types of fees for screening and processing online payments. Fees for products and services include, but are not limited to costs for the following:

  • Monthly Online Seller Account
  • Discount rate 
  • Per item charges for credit card and electronic check transactions • Chargebacks

Seller or Online Seller

An individual or business that sells products or services and is capable of accepting payment for products and services via a Seller account.


A computer system that provides services to other computer systems over a network. Can be in the form of hardware or software. Performs coordination functions, administration, and access functions.

Settled Successfully

Transactions with this status have been approved and successfully submitted for settlement. The charge or refund has been applied against the appropriate payment method. No further action may be taken against successfully settled transactions.


The process of transferring funds for sales and credits between Acquirers and Issuers, including the final debiting of a Cardholder’s account and crediting a Seller’s account.

Settlement Amount

The transaction amount sent to the processor for settlement. This is the amount that will appear as a charge or refund against the specified method of payment. This amount may be less than or equal to the original authorization amount for the transaction.

Settlement Date Time

This date indicates the date/time on which a transaction was submitted for settlement. Only transactions that have been successfully settled will contain a settlement date.

Settlement Error

Transactions with this status have experienced an error during processing. These transactions have not been successfully settled.

Shopping Cart

Software that allows visitors to an internet site to buy from that merchant.

SIC (Standard Industry Codes)

Special numbers assigned by the Card Associations to Seller types for identification and tracking purposes. MasterCard uses MCC (Seller Category Code), while Visa uses SIC (Standard Industry Codes).

Smart Card

Plastic card containing a computer chip with memory capabilities. Also known as a chip or EMV card.

Submit Date Time

The date and time that a transaction is entered into the system. This also coincides with the date/time that a transaction is authorized.

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