Merchant Services Glossary - Letter D
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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.
- 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.
- DBA
- Doing Business As - Name on sign outside of the store.
- DCN
- Deposit Correction Notice - A notice of correction that is sent to a paper merchant. Indicates the batch header was incorrect.
- DDA
- Demand Deposit Account - The merchant’s checking account number
- Debit
- A charge to a customer’s bankcard account.
- Debit Card
- A bankcard, used to purchase goods and services and to obtain cash that debits the cardholder’s personal deposit account.
- Decryption
- The method of unscrambling encrypted information. See "encryption".
- 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.
- Deposit Account
- An account used by a customer to make deposits and withdrawals at a financial institution. Includes checking, savings and NOW accounts, etc.
- Detail Review
- On-line review of transactions in the batch, either a specific transaction or the entire batch.
- Dial-Up Terminal
- An authorization terminal that (like a telephone) dials the authorization center for validation of transactions.
- Direct Mail Merchant
- Indicates merchants that submit actual sales drafts for payment (paper merchant) through the mail for payment
- 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.
- 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.
- 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.
- 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.
- Download
- Function performed to get a software program into a POS device.
- Download
- Function performed to get a software program into a POS device.
- Downloading
- Process of programming a terminal via modem from Zon Talk to the terminal.
- Dual Dating
- The practice of embossing cards with both valid form and expiration dates. Fraud-deterrent measure.
- 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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