Glossary [ccb by dsb®

Glossary

Acquiring Bank	The bank that holds the merchant account
Credit Card Association	Routes the request on to the issuing bank. Companies include: VISA, Mastercard.
Following transactions	Transactions that reference a previous transaction which could be a starting or a following transaction. These are: Capture, Bookback, Cancel
Initial transaction	A ‘Starting transaction’ that has the cc-process-type set to ”Initial” which returns a cc-repeating-transaction-id which can then be used in place of credit card details.
Issuing Bank	The bank that holds the consumer account
Payment Gateway	A service that provides an online interface to book payment transactions for a payment processor. Companies include: Cybersource, Wirecard
Payment Processor	The company that routes credit card transactions from a payment gateway to the credit card card associations. It credits and debits the Acquiring/Merchant bank account. Companies include: Streamline
Payment page	A web application provided by a payment gateway to allow eShop to be PCI compliant much more easily as they never come into contact with Credit Card details. The payment page reserves funds upon a Credit Card and returns a token with which can be used to debit the Credit Card.
Repeating transaction	A ‘Starting transaction’ that has the cc-process-type set to ”Repeating” and sets the cc-repeating-transaction-id to an identifier that references some credit card details sent in a previous request.
Single transaction	A ‘Starting transaction’ that sends credit card details and does not expect a cc-repeating-transaction-id within the response. This is used for payment that are only expected to be carried out once.
Re-currency	Re-currency is where a payment service provider is able to save credit card details and provide some sort of id that can be used as a reference to these details for future transactions. It allows repeating transactions.
Starting transactions	Transactions such as: Authorisation, Pre-authorisation and Purchase that begin a purchase transaction.
UUID	Universally Unique Identifier. Used to associate some data to a unique identifier. An example: 4AF41CAC-B5B4-B77B-3B76-183E70E2F2E7 For further information see: http://en.wikipedia.org/wiki/UUID