POS machine terminology analysis
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Cardholder: The legal holder of the card, that is, the customer associated with the bank account corresponding to the card.
Issuing bank: An institution that issues bank cards, maintains accounts associated with the card, and has an agreement with the cardholder in these two areas.
Acquiring bank: refers to a bank that pays cash in an inter-bank transaction or signs a contract with a merchant to settle the interbank transaction funds and directly or indirectly transfer the transaction.
Acquiring agency: A clearing member unit that has an agreement with the merchant or provides services to the cardholder and participates in the exchange directly or indirectly with the transaction document (including electronic or paper documents).
Debit card: refers to a bank card that does not have an overdraft function after depositing (or withdrawing cash). According to its function, it can be divided into debit card (including savings card), special card and stored value card. A debit card is a credit instrument with functions such as transfer settlement, cash access, and shopping consumption. Debit cards cannot be overdrawn. The debit card has the functions of transfer, cash access and consumption.
Credit card: refers to a credit card issued by a bank and given to the cardholder a certain amount of credit, the cardholder can repay the loan within the credit line.
Quasi-credit card: refers to the bank issued, the cardholder deposits a certain amount of reserve funds as required, when the balance of the reserve account is insufficient to pay, the card can be overdrawn in the prescribed credit line.
POS (sales terminal): the sales terminal--POS (point ofsale) is a multi-function terminal, which is installed in the special merchant of the credit card and the receiving network and the computer to form a network, which can realize automatic transfer of electronic funds, which has Support consumption, pre-authorization, balance inquiry and transfer functions, which are safe, fast and reliable.
Mobile POS: Mobile POS machine, also called mobile point of sale, handheld POS machine, wireless POS machine, batch POS machine, mobile sales in various industries. The mobile POS is an RF-SIM card terminal reader. The reader terminal is connected to the data server by means of CDMA, GPRS, TCP/IP or the like.
Mobile phone card reader: A mobile phone card reader, similar to an external card reader, is mainly a tool for reading magnetic stripe card information, and transmits data through a 3.5mm audio jack. The mobile phone card reader itself does not have the function of payment. It is necessary to have the software of the payment channel to cooperate with the function of payment and receipt.
POS clearing machine: Bank or third-party payment company directly settles to the bank card bound by the user. Clearly, it means “one-time liquidationâ€
POS 2 clearing machine: refers to the payment company or the bank first pays the settlement of the POS machine to an individual or a company that has not obtained the acquiring qualification, and then the company or individual is settled to the merchant.
T+0 POS machine: refers to all successful transactions on the POS machine. On the day of the silver, the POS machine settlement funds are transferred to the designated settlement account, and the special settlement processing service of the relevant service fees is charged. At present, the T+0 POS machines that are popular in the market are all paid by the payment company, and the funds are advanced on the same day, and a high processing fee will be charged accordingly.
T+1 POS machine: The POS machine transactions that occurred on the same day are extended to the next trading day for settlement. This settlement method is in line with the way of UnionPay's settlement of funds, and the security and stability are greatly guaranteed.
D+0 POS machine: means that as long as the transaction occurs, whether it is a trading day, a holiday or a bank break, it can be realized on the same day.
The POS machine illegally transfers the machine: the merchant transfers the POS machine from the registered business address to another address without the permission of the acquiring institution, including but not limited to the following behavior: after the merchant changes the registered business address of the pos machine, the pos machine is used; The same merchant exchanges POS machines among a number of branches, using fixed pos machines, door-to-door or mobile collection services.
Clearing: refers to the process of summarizing transaction records and calculating the amount of mutual settlement.
Consumption: refers to the type of transaction that the cardholder pays online through POS when the merchant purchases goods or services.
Consumption cancellation: refers to the merchant's successful cancellation of the transaction that has been completed through the online POS terminal or the manual method for various reasons.
Return: It means that the merchant should take the card holder's request or take the initiative to take back the goods or cancel the service, and return the debited money to the cardholder's original deduction through the receiving bank or the manual method through the online POS terminal.
Pre-authorization: Pre-authorization refers to the process by which a special merchant requests a cardholder's payment commitment from the card issuer through POS or other means.
Pre-authorization revocation: Pre-authorization revocation refers to the process by which a special merchant informs the issuing bank to cancel the payment commitment by POS or other means for various reasons.
Pre-authorization completion: Pre-authorization completion means that the cardholder has made a pre-authorization transaction and settles the payment within a certain percentage of the pre-authorization amount or the pre-authorization amount.
Pre-authorization completion revocation: Pre-authorization completion revocation refers to the cancellation of the transaction by the pre-authorization of the pre-authorization completed by the special merchant for the various reasons.
A positive transaction: that is, a transaction has been set as a success flag in the terminal, but the transaction transaction package sent to the host has not received a response, that is, the terminal transaction has timed out. Therefore, it is not sure whether the transaction is successfully completed on the host side. In order to ensure the benefit of the user, the terminal resends the request to the host, requesting to cancel the flow of the transaction. If the host has successfully traded, the transaction is rolled back, otherwise the transaction is not processed. And then return the processing result to the terminal.
Reference number: The serial number assigned by the POS center for the transaction is transmitted to the POS terminal as a reconciliation reference number in the response message and used for post-mortem verification.
Transaction batch number: The transaction from the time of sign-in to settlement and sign-off is a suitable batch, and the transaction batch number identifies a batch of transactions.
MCC code: Also known as the merchant category code. It is set up by the acquiring institution for the special merchants, which is used to indicate the trading environment of the UnionPay card, the main business scope of the merchants and the industry ownership, and the main basis for judging the settlement fee standards of domestic cross-bank trading merchants. It is also the analysis and report of the UnionPay card trading industry. One of the important basic data of the risk management and control of UnionPay card business. The bank card receipt management method stipulates that the merchant number is 15 digits: institution code (3 digits) + area code (4 digits) + merchant type (4 digits) + merchant order number (4 digits).
Error: refers to transactions that require corresponding accounting adjustments due to equipment, communication lines, system processing, terminal operations, and other reasons.
Ordering: Refers to the transaction purchase order and voucher to confirm the authenticity of the transaction. Generally initiated by UnionPay, issuer or acquirer, the service provider can also initiate.
Credit card chargeback (chargeback): refers to the cardholder's payment within a certain period of time (usually 180 days, some payment agencies may stipulate a longer period), can apply to the bank to refuse to pay a transaction on the bill.
POS purchase order: refers to the cardholder's voucher for card consumption. In addition to indicating the name and number of the UnionPay merchant, the POS machine number, the consumption time and the amount, etc., the purchase order is also marked with the bank card. Name and 16-digit card number.
Sub-order: refers to the payment behavior of the same UnionPay card that purchases the same goods (or services) in the same terminal of the same merchant and has two consecutive transactions.
Credit card pseudo-card: refers to a card that is not used by the credit card itself, but a card that illegally flashes the card by illegally copying the original card information through its technical means.
Hazardous violations: refers to cash, false application, side record, leakage account and business business information, washing orders, malicious bankruptcy, hypocritical business, false business, overwhelming proportion, nominal planning and actual planning content, has been The bank card structure is identified as “high-risk merchants†and other causes of damage;