Glossary
D
| Term | Definition |
|---|---|
| Daily Discount |
For a merchant who does not have previous processing, their qualified discount rate is deducted from their batch sales total before their batch deposit is made. At the end of the month, the transaction fees and monthly fees are deducted from the merchant's DDA. |
| Data Capture |
Input of data, not as a direct result of data entry, but instead as a result of performing a different but related activity. |
| Data Encryption |
A security technique in which information is scrambled to protect the data during transmission. Only the intended users can read and understand encrypted information. |
| DBA |
“Doing Business As” |
| DDA |
See “Demand Deposit Account” |
| Debit |
An entry on the record of an account to represent the transfer or removal of funds from an account. |
| Debit Card |
not credit cards or charge cards. When a debit card is issued, the amount is deducted directly from the cardholder’s bank account. There are three types of debit cards: 1-Debit ATM card, 2-On-line Debit Card, 3-offline-debit cards. |
| Debit Network |
Debit Networks transmit transaction data between the Merchant Bank and debit card Issuer. There are a variety of Debit Networks and each network supported by a debit card will have its logo printed on the debit card. Some examples are STAR, NYCE and MAESTRO. |
| Debit Transaction |
A transaction involving a pin based debit card. |
| Demand Deposit Account |
The individual bank account that is credited or debited for deposits, fees, and adjustments. |
| Dial-Up Terminal |
A terminal that, like a telephone, dials the authorization center for validation of transactions. |
| Direct Marketing |
Marketing via a promotion delivered directly to the individual prospective customer. |
| Discount Rate |
The amount a merchant processor charges a merchant to give credit for depositing and handling merchants’ daily credit card transactions. |
| Discover Card |
The Discover Card began as a reward-based card issued by Sears. Since its founding, Discover has grown to over 5 million merchants accepting the card. In 2007, Discover went to an indirect acquiring model by allowing acquiring processors to acquire and sell Discover as part of the MasterCard/Visa package. All Discover Cards begin with a “6.” |
| Doing Business As (DBA) |
Doing Business As; The name under which a business is operating. The DBA name may or may not be the same as the corporate name. |
| Downgrades |
When a transaction does not meet the qualifications for a particular level and it is assessed with an additional fee. For example, if a transaction that would normally be swiped is keyed, that transaction will downgrade and will be assessed accordingly. |
| Draft Laundering |
“Card Laundering”. |
| DUKPT |
Derived Unique Key Per Transaction (DUKPT) is a key management scheme in which for every transaction, a unique key is used which is derived from a fixed key. Therefore, if a derived key is compromised, future and past transaction data are still protected since the next or prior keys cannot be determined easily. EBT- See “Electronic Benefits Transfer”. |
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