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pdfNetworks, Processors,
and Issuers Payments
Surveys (NPIPS)
Selected Glossary of Terms
Survey Period:
Calendar Year 2020
General-Purpose Credit Card Network
2
Private-Label Credit Card Merchant Issuer
4
Private-Label Credit Card Processor
5
General-Purpose Debit Card Network
7
General-Purpose Prepaid Card Network
9
Automated Teller Machine Card Network
11
Electronic Benefits Transfer Card Processor
12
Private-Label Prepaid Card Issuer and Processor
13
Person-to-Person and Money Transfer Processor
14
Mobile Wallet Processor
15
1
Item
General-Purpose Credit Card Network
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
1a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
2a
Pre-authorization only: Transactions that are approved but not settled (e.g., the initial
amount which a rental agency, hotel, or fuel dispenser operator receives authorization, but
final payment and amount transfer is never made).
3
Net, authorized & settled transactions: Transactions initiated by the acquirer
that are completed with the final payment amount transferred from the acquirer to the
issuer. Such transactions include those that are subsequently reversed through a
chargeback, or other adjustment or return.
3a
Cash advances: Transactions involving the provision of cash to the card user via an
ATM or over the counter with the use of a credit or charge card, typically authenticated by
entering a personal identification number (PIN). (Unlike debit or prepaid card cash-back
transactions, cash advances are not combined with a purchase.)
3b.1
Chargebacks: Transactions initiated by the issuer that reverse a transaction, in whole
or in part, and transfer value from the acquirer to the issuer (e.g., customer disputes,
fraud, processing errors, authorization issues, or non-fulfillment of copy requests). A
chargeback provides the issuer with a way to return a disputed transaction, typically on
behalf of the cardholder.
3b.2
Other adjustments and returns: Transactions initiated by the acquirer that reverse
a transaction, in whole or in part, and transfer value from the acquirer to the issuer (e.g.,
customer return of goods, complaints, merchant-identified fraud, duplicate transaction
entry).
4
Net, purchase transactions: Transactions that have been authorized and settled.
Exclude denials, transactions that are pre-authorization only, cash advances,
chargebacks, and other adjustments and returns.
7a
Transactions with chip-authentication: Transactions for which the card user is
present and account information is taken from a computer microchip embedded in a card
or mobile device that securely stores data to be read via contact or contactless/NFC
communications with a merchant payment device or terminal. Include EMV and all other
types of chip transactions with a card or mobile device. Report only in-person
transactions.
7a.1
7b
Transactions with a PIN: In-person transactions where a card user enters their
Personal Identification Number (PIN) to authenticate the card purchase.
Transactions without chip-authentication: Transactions for which the card user is
present and account information is not taken from a computer microchip. Typically the
information is taken from a magnetic stripe on a card. Report only in-person transactions.
2
Item
General-Purpose Credit Card Network
Definition
8a
Contact transactions (chip card inserted or “dipped”): “Dipped” transactions
are initiated by inserting a card with an embedded EMV microchip into a merchant’s chipenabled terminal.
8b
Contactless transactions (chip card or mobile device RFID, “tap” or
“wave”): Contactless authentication can utilize a physical card, fob, sticker or a mobile
device (typically a mobile phone) that is “tapped” to pay at a point-of-sale (POS) terminal.
Contactless chip-authenticated transactions typically use Radio Frequency Identification
(RFID) and/or a specialized subset of Near-field Communications (NFC) standards to
initiate a card-based payment and may include some contactless EMV transactions.
11
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
14a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
14b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
14c
Fraudulent application: Fraudulent transactions reported to be via a new card that was
issued to someone other than the cardholder using falsified information or a stolen identity.
14d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
14e
Fraudulent use of account number: Fraudulent transactions using account number
and other card and cardholder details, typically remotely.
14f
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
22
Virtual cards: A general-purpose credit or charge card with digital access that does not
exist in physical form. Typically stored in a digital wallet for online, in-app, or in person
purchases with mobile device (using NFC or barcode scanner). Do not count tokenized
transactions as virtual cards.
23
Total cards: All issued, activated, and unexpired general-purpose credit or charge
cards (linked to US-domiciled accounts).
23
Active cards: Cards outstanding with a minimum level of purchase activity according to
your organization’s definition.
23b
Physical cards: A physical general-purpose credit or charge card with a magstripe
and/or chip that is issued to the customer for making purchases in person.
3
Item
Private-Label Credit Card Merchant Issuer
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
3a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
4a
Pre-authorization only: Transactions that are temporarily authorized but not
completed or posted, or the portion of authorized amounts that are not included in a final
posting.
5
Completed transactions (posted to card accounts): Purchase or cash
advance transactions that are completed and posted to the private-label card account for
payment. Such transactions include those that are subsequently reversed in an
adjustment or return requested by the merchant or cardholder, defined below.
5a
Cash advances: Transactions involving the provision of cash to the card user via an
ATM or over the counter with the use of a credit or charge card, typically authenticated by
entering a personal identification number (PIN). (Unlike debit or prepaid card cash-back
transactions, cash advances are not combined with a purchase.)
5b
Adjustments and returns: Completed and posted transactions that are subsequently
reversed, in whole or in part, and that transfer value back to the card account (e.g.,
customer return of goods, complaints, disputed charges, fraud, duplicate transaction
entry).
6
Net, purchase transactions: Completed purchase transactions that have not been
reversed. Exclude denials, transactions that are pre-authorization only, cash advances,
and adjustments and returns defined above.
9
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
10a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
10b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
10c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
10d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
10e
Fraudulent use of account number: Fraudulent transactions using account
number and other card and cardholder details, typically remotely.
4
Item
Private-Label Credit Card Merchant Issuer
Definition
10f
Other (including account takeover): All other fraudulent transactions not included
in the above categories. In particular, “other” covers account takeover, a form of identity
theft whereby an unauthorized party gains access to and use of an existing card account.
14
Virtual cards: A private-label credit or charge card with digital access that does not
exist in physical form. Typically stored in a digital wallet for online, in-app, or in person
purchases with mobile device (using NFC or barcode scanner). Do not count
tokenized transactions as virtual cards.
15
Total cards: All issued, activated, and unexpired private-label credit or charge cards
(linked to US-domiciled accounts).
15
Active cards: Private-label credit or charge cards outstanding with a minimum level of
purchase activity according to your organization’s definition.
15b
Physical cards: A physical private-label credit or charge card with a magstripe and/or
chip that is issued to the customer for making purchases in person.
Item
Private-Label Credit Card Processor
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
2a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
3a
Pre-authorization only: Transactions that are temporarily authorized but not
completed or posted, or the portion of authorized amounts that are not included in a final
posting.
4
Completed transactions (posted to card accounts): Purchase or cash
advance transactions that are completed and posted to the private-label card account for
payment. Such transactions include those that are subsequently reversed in an
adjustment or return requested by the merchant or cardholder, defined below.
4a
Cash advances: Transactions involving the provision of cash to the card user via an
ATM or over the counter with the use of a credit or charge card, typically authenticated by
entering a personal identification number (PIN). (Unlike debit or prepaid card cash-back
transactions, cash advances are not combined with a purchase.)
5
Item
Private-Label Credit Card Processor
Definition
4b
Adjustments and returns: Completed and posted transactions that are subsequently
reversed, in whole or in part, and that transfer value back to the card account (e.g.,
customer return of goods, complaints, disputed charges, fraud, duplicate transaction
entry).
5
Net, purchase transactions: Completed purchase transactions that have not been
reversed. Exclude denials, transactions that are pre-authorization only, cash advances,
and adjustments and returns defined above.
8
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
9a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
9b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
9c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
9d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
9e
Fraudulent use of account number: Fraudulent transactions using account
number and other card and cardholder details, typically remotely.
9f
Other (including account takeover): All other fraudulent transactions not included
in the above categories. In particular, “other” covers account takeover, a form of identity
theft whereby an unauthorized party gains access to and use of an existing card account.
13
Virtual cards: A private-label credit or charge card with digital access that does not
exist in physical form. Typically stored in a digital wallet for online, in-app, or in person
purchases with mobile device (using NFC or barcode scanner). Do not count
tokenized transactions as virtual cards.
14
Total cards: All issued, activated, and unexpired private-label credit or charge cards
(linked to US-domiciled accounts).
14
Active cards: Private-label credit or charge cards outstanding with a minimum level of
purchase activity according to your organization’s definition.
14b
Physical cards: A physical private-label credit or charge card with a magstripe and/or
chip that is issued to the customer for making purchases in person.
6
Item
General-Purpose Debit Card Network
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
2a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
3a
Pre-authorization only: Transactions that are approved but not settled (e.g., theinitial
amount which a rental agency, hotel, or fuel dispenser operator receives authorization, but
final payment and amount transfer is never made).
4
Net, authorized & settled transactions: Transactions initiated by the acquirer that
are completed with the final payment amount transferred from the acquirer to the issuer.
Such transactions include those that are subsequently reversed through a chargeback, or
other adjustment or return.
4a
Cash-back at the point of sale: Purchase transactions that include an amount of
cash given back to the card user. A point-of-sale (POS) purchase transaction with cash
back is counted as one transaction.
4b.1
Chargebacks: Transactions initiated by the issuer that reverse a transaction, in wholeor
in part, and transfer value from the acquirer to the issuer (e.g., customer disputes, fraud,
processing errors, authorization issues, or non-fulfillment of copy requests). A chargeback
provides the issuer with a way to return a disputed transaction, typically on behalf of the
cardholder.
4b.2
Other adjustments and returns: Transactions initiated by the acquirer that reverse
a transaction, in whole or in part, and transfer value from the acquirer to the issuer (e.g.,
customer return of goods, complaints, merchant-identified fraud, duplicate transaction
entry).
5
Net, purchase transactions: Transactions that have been authorized and settled.
Exclude denials, transactions that are pre-authorization only, cash advances,
chargebacks, cash advances, and other adjustments and returns.
8a
Transactions with chip-authentication: Transactions for which the card user is
present and account information is taken from a computer microchip embedded in a card
or mobile device that securely stores data to be read via contact or contactless/NFC
communications with a merchant payment device or terminal. Include EMV and all other
types of chip transactions with a card or mobile device. Report only in-person
transactions.
8a.1
8b
Transactions with a PIN: In-person transactions where a card user enters their
Personal Identification Number (PIN) to authenticate the card purchase.
Transactions without chip-authentication: Transactions for which the card user
is present and account information is not taken from a computer microchip. Typically the
information is taken from a magnetic stripe on a card. Report only in-person transactions.
7
Item
General-Purpose Debit Card Network
Definition
9a
Contact transactions (chip card inserted or “dipped”): “Dipped” transactions
are initiated by inserting a card with an embedded EMV microchip into a merchant’s chipenabled terminal.
9b
Contactless transactions (chip card or mobile device RFID, “tap” or
“wave”): Contactless authentication can utilize a physical card, fob, sticker or a mobile
device (typically a mobile phone) that is “tapped” to pay at a point-of-sale (POS) terminal.
Contactless chip-authenticated transactions typically use Radio Frequency Identification
(RFID) and/or a specialized subset of Near-field Communications (NFC) standards to
initiate a card-based payment and may include some contactless EMV transactions.
12
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
16a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
16b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
16c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
16d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
16e
Fraudulent use of account number: Fraudulent transactions using account number
and other card and cardholder details, typically remotely.
16f
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
24
Virtual cards: A debit card with digital access that does not exist in physical form.
Typically stored in a digital wallet for online, in-app, or in person purchases with mobile
device (using NFC or barcode scanner). Do not count tokenized transactions as
virtual cards.
25
Total cards: All issued, activated, and unexpired debit cards (linked to US-domiciled
accounts).
25
Active cards: Debit cards outstanding with a minimum level of purchase activity
according to your organization’s definition.
25b
Physical cards: A physical debit card with a magstripe and/or chip that is issued to the
customer for making purchases in person.
8
Item
General-Purpose Prepaid Card Network
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
1a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
2a
Pre-authorization only: Transactions that are approved but not settled (e.g., the initial
amount which a rental agency, hotel, or fuel dispenser operator receives authorization, but
final payment and amount transfer is never made).
3
Net, authorized & settled transactions: Transactions initiated by the acquirer
that are completed with the final payment amount transferred from the acquirer to the
issuer. Such transactions include those that are subsequently reversed through a
chargeback, or other adjustment or return.
3a
Cash-back at the point of sale: Purchase transactions that include an amount of
cash given back to the card user. A point-of-sale (POS) purchase transaction with cash
back is counted as one transaction.
3.b.1
Chargebacks: Transactions initiated by the issuer that reverse a transaction, in whole
or in part, and transfer value from the acquirer to the issuer (e.g., customer disputes,
fraud, processing errors, authorization issues, or non-fulfillment of copy requests). A
chargeback provides the issuer with a way to return a disputed transaction, typically on
behalf of the cardholder.
3b.2
Other adjustments and returns: Transactions initiated by the acquirer that reverse
a transaction, in whole or in part, and transfer value from the acquirer to the issuer (e.g.,
customer return of goods, complaints, merchant-identified fraud, duplicate transaction
entry).
4
Net, purchase transactions: Transactions that have been authorized and settled.
Exclude denials, transactions that are pre-authorization only, cash advances,
chargebacks, and other adjustments and returns.
7a
Transactions with chip-authentication: In-person transactions for which the
account information is taken from a computer microchip embedded in a card or mobile
device that securely stores data to be read via contact or contactless/NFC
communications with a merchant payment device or terminal. Include EMV and all other
types of chip transactions with a card or mobile device. Report only in-person
transactions.
7a.1
7b
Transactions with a PIN: In-person transactions where a card user enters their
Personal Identification Number (PIN) to authenticate the card purchase.
Transactions without chip-authentication: In-person transactions for which the
account information is not taken from a computer microchip. Typically the information is
taken from a magstripe on a card and may occasionally be manually keyed at the register.
Report only in-person transactions.
9
Item
General-Purpose Prepaid Card Network
Definition
8a
Contact transactions (chip card inserted or “dipped”): “Dipped” transactions
are initiated by inserting a card with an embedded EMV microchip into a merchant’s chipenabled terminal.
8b
Contactless transactions (chip card or mobile device RFID, “tap” or
“wave”): Contactless authentication can utilize a physical card, fob, sticker or a mobile
device (typically a mobile phone) that is “tapped” to pay at a point-of-sale (POS) terminal.
Contactless chip-authenticated transactions typically use Radio Frequency Identification
(RFID) and/or a specialized subset of Near-field Communications (NFC) standards to
initiate a card-based payment and may include some contactless EMV transactions.
12
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
16a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
16b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
16c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
16d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
16e
Fraudulent use of account number: Fraudulent transactions using account
number and other card and cardholder details, typically remotely.
16f
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
25
Virtual cards: A general-purpose prepaid card with digital access that does not exist in
physical form. Typically stored in a digital wallet for online, in-app, or in person purchases
with mobile device (using NFC or barcode scanner). Do not count tokenized transactions
as virtual cards.
26
Total cards: All issued, activated, and unexpired general-purpose prepaid cards (linked
to US-domiciled accounts).
26
Active cards: General-purpose prepaid cards outstanding with a minimum level of
purchase activity according to your organization’s definition.
26b
Physical cards: A physical general-purpose prepaid card with a magstripe and/or chip
that is issued to the customer for making purchases in person.
10
Item
Automated Teller Machine Card Network
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
1a
1c.2.1
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
With government-administered general-purpose prepaid cards: Cash
withdrawals made with cards (including virtual/digital cards) issued to a consumer for the
purpose of providing government benefits. Include state and federal programs with cash
benefits such as unemployment, TANF, or Social Security.
2a.1
With contact chip card (“Dip”): Cash withdrawals are initiated and authenticated by
inserting an ATM card with an embedded microchip (typically, EMV) into a chip-enabled
ATM terminal. Do not include payments initiated using a magstripe reader.
2a.2
Contactless, with contactless card or mobile device (“Tap”): Cash
withdrawals are initiated by card or mobile device using a variety of secure radio methods
that replace inserting the card into a reader that makes direct electrical contact with the
chip. Contactless chip cash withdrawals may use Radio Frequency Identification (RFID)
and/or a specialized subset of Near-field Communications (NFC) standards to initiate and
authenticate an ATM transaction. Contactless authentication may utilize a physical card,
fob, or sticker that is “tapped” to authenticate transactions at an ATM. Examples of
systems that may be supported by an ATM network may include MasterCard or Visa
Cardless ATM. Also include Consumer Device Cardholder Verification Methods (e.g.,
Apple Pay, Google Pay, CashTapp, Touch ID or device passcode). Do not include
payments initiated using a magstripe reader.
2b.1
No card (“Scan”): Cash withdrawals are initiated using a mobile device to scan
barcode/QR code or entering an authentication code displayed on phone using the ATM
keypad. Generally for this new method, consumer initiates withdrawal using the mobile
banking or mobile wallet app and ATM will then display a QR code on the screen for you
to scan with your phone before dispensing the money. Do not include NFC “Tap”
transactions which should be entered in those fields listed above.
2b.2
With card (“Swipe”): Cash withdrawals are initiated using traditional magstripe
reader. Do not include “Dip” or “Tap” transactions which should be entered in those fields
above.
6a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
6b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
6c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
11
Item
Automated Teller Machine Card Network
Definition
6d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
6e
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
10a & 11a
Item
Chip-accepted terminals: An ATM terminal that accepts card with a computer
microchip (including EMV and other types of chip cards). Include terminals that accept
chip-based transactions that are either contact or contactless.
Electronic Benefits Transfer Card Processor
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
1a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
2a
Pre-authorization only: Transactions that are approved but not settled (e.g., the initial
amount receives authorization, but final payment and amount transfer is never made).
3
Net, authorized & settled transactions: Transactions initiated by the acquirer
that are completed with the final payment amount transferred from the acquirer to the
issuer. Such transactions include those that are subsequently reversed through a
chargeback, or other adjustment or return.
3a
Cash-back at the point of sale: Purchase transactions that include an amount of
cash given back to the card user. For EBT, these are often treated as separate
transactions.
4
Net, purchase transactions: Purchase transactions that have been authorized and
settled. Exclude denials, transactions that are pre-authorization only, separate cash-back
at the point of sale, ATM cash withdrawals, chargebacks, other adjustments and returns.
9a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
9b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
9c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
12
Item
Electronic Benefits Transfer Card Processor
Definition
9d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
9e
Fraudulent use of account number: Fraudulent transactions using account
number and other card and cardholder details, typically remotely.
9f
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
11
Total cards: All issued, activated, and unexpired EBT cards (linked to US-domiciled
accounts).
11
Active cards: Cards outstanding with a minimum level of purchase activity according to
your organization’s definition.
Item
Private-Label Prepaid Card Issuer and Processor
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
1a
Denials/declines: Transaction attempts that receive a denial response by the host
authorization system and do not result in an authorized transaction.
2a
Pre-authorization only: Transactions that are temporarily authorized but not
completed or posted, or the portion of authorized amounts that are not included in a final
posting.
3
Completed transactions: Purchase transactions (including any cash-back) that are
completed and posted to the private-label card account for payment. Such transactions
include those that are subsequently reversed in an adjustment or return requested by the
merchant or cardholder, defined below.
3a
Cash-back at the point of sale: Purchase transactions that include an amount of
cash given back to the card user. A point-of-sale (POS) purchase transaction with cash
back is counted as one transaction.
3b
Adjustments and returns: Completed and posted transactions that are subsequently
reversed, in whole or in part, and that transfer value back to the card account (e.g.,
customer return of goods, complaints, disputed charges, fraud, duplicate transaction
entry).
13
Item
Private-Label Prepaid Card Issuer and Processor
Definition
4
Net, purchase transactions: Completed purchase transactions that have not been
reversed. Exclude denials, transactions that are pre-authorization only, and adjustments
and returns defined above. For value, also exclude the dollar amount of the cash-back at
the point of sale.
8a
Lost or stolen card: Fraudulent transactions via a card reported as lost or stolen.
8b
Card issued but not received: Fraudulent transactions reported to be via an
intercepted new or replacement card in transit that was activated by someone other than
the cardholder.
8c
Fraudulent application: Fraudulent transactions reported to be via a new card that
was issued to someone other than the cardholder using falsified information or a stolen
identity.
8d
Counterfeit card: Fraudulent in-person transactions via an altered or cloned card.
8e
Fraudulent use of account number: Fraudulent transactions using account
number and other card and cardholder details, typically remotely.
8f
Other (including account takeover): All other fraudulent transactions not included in
the above categories. In particular, “other” covers account takeover, a form of identity theft
whereby an unauthorized party gains access to and use of an existing card account.
13
Virtual cards: A private-label prepaid card with digital access that does not exist in
physical form. Typically stored in a digital wallet for online, in-app, or in person purchases
with mobile device (using NFC or barcode scanner). Do not count tokenized
transactions as virtual cards.
14
Total cards: All issued, activated, and unexpired private-label prepaid cards (linked to
US-domiciled accounts).
14
Active cards: Private-label prepaid cards outstanding with a minimum level of
purchase activity according to your organization’s definition.
14b
Item
Physical cards: A physical private-label prepaid card with a magstripe and/or chip that
is issued to the customer for making purchases in person.
Person-to-Person and Money Transfer Processor
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
5
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands” requested.
14
Item
Mobile Wallet Processor
Definition
United States: The states, territories, and possessions of the US, the District of
Columbia, the Commonwealth of Puerto Rico, or any political subdivision of any of the
foregoing.
2a
Radio transmission RFID/NFC (“Tap” device at terminal): Cash withdrawals
are initiated by mobile device using a variety of secure radio methods. Contactless chip
cash withdrawals may use Radio Frequency Identification (RFID) and/or a specialized
subset of Near-field Communications (NFC) standards to initiate and authenticate a
purchase transaction.
2b
Optical barcode/QR code (“Scan” device display): Cash withdrawals are
initiated using a mobile device to scan barcode/QR code or entering an authentication
code displayed on phone using the terminal keypad. Do not include NFC “Tap”
transactions which should be entered in those fields listed above.
3
Transaction value distribution: Your best estimate for the number and dollar value
of transactions that fall within the “dollar size bands" requested.
15
| File Type | application/pdf |
| File Modified | 2022-07-29 |
| File Created | 2021-11-26 |