Glossary
V
| Term | Definition |
|---|---|
| Valid Date |
The date embossed by the card issuer on the credit card. An establishment cannot accept a card for payment of goods or services prior to this date. |
| Value Added Reseller (VAR) |
A company that adds features to an existing products, then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. |
| VAR Sheet |
A sheet used by Value Added Resellers to assist in setting up the account. |
| VIVOpay |
Line of contactless payment devices. |
| Vivotech |
A market leader in contactless/NFC (Near Field Communication) payment software, over the air (OTA) card provisioning, promotion, and transaction management infrastructure software, NFC smart posters, and contactless readers/writers. |
| Voice Authorization |
An approval response that is obtained through interactive communication between an issuer and an acquirer, their authorizing processors or stand-in processing or through telephone, facsimile or telex communications. |
| Voyager Card |
A Fleet card that provides an array of fuel, maintenance and service solutions. |
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250 Stephenson Hwy
Troy, MI, 48083
North American Bancard is a registered Independent Sales Organization/Merchant Service Provider for HSBC Bank USA,National Association, Buffalo, NY and Wells Fargo Bank, N.A.,Walnut Creek, CA.American Express may require separate approval. ©2013 North American Bancard - All Rights Reserved.