Glossary

Acquiring - is activity of acquirer on technological, informational servicing of traders and accomplishing of settling with them on operations, which are conducted with using of payment cards.

Acquiring organization (acquirer) - is a juridical person — member of payment system, that accomplishes acquiring.

Blocking of card - is temporary suspension of card validity from the side of the bank and/or payment system.

Cash machine - is program-technical complex, which allows to accomplish self-service on operations of receiving money in cash form, inputting it for enrolment on corresponding -accounts, receiving information about condition of your accounts, and also to accomplish other operations in accordance with functional possibilities of this complex.

Code of authorization - is code, which is formed and provided by issuer or person, acting by his order, — member or participant of payment system by results of positive authorization.

Corporative card - is a payment card, issued on the name of trustee of client — juridical person or individual — entrepreneur.

Holder of payment card - is individual — client or trustee of client -juridical person, that legally uses payment card for initiation of means transfer from corresponding account to the bank or accomplishes other operations using it.

International payment system - is payment system, in which payment organization can be both resident and non-resident and accomplishes its activity on territories of two and more countries.

Irreducible balance - is minimal sum of client’s money on card account, indicated in agreement of client with bank, which within duration of the card can not be used by client.

Issue - accomplishing of operation on opening of card accounts and issuing of payment cards of particular payment system.

Issue of cash - operation on issuing to holder of payment card money in cash form through cash machine, cash desk of the bank, financial organization or point of foreign currency exchange of authorized bank.

Issuer - member of payment system, that accomplishes issue of payment cards.

Overdraft - is card credit, provided by the bank in case of exceeding of sum of operation on payment card of fixed expenditure limit.

Payment card - is special mean of payment in form of issued in established order plastic or another form of card, which is used for initiation of money transfer from account of payer or corresponding account of the bank with aim to pay for goods and services, transfer of money from your accounts on to accounts of other persons, receiving money in cash form in cash desks of banks, financial organizations, points of foreign currency exchange of authorized banks and through cash machines, and also accomplishing of other operations, foreseen by corresponding agreement.

Payment terminal (POS-terminal) - is a device, aimed to accomplish procedure of authorization using payment card and, as a rule, printing of document on operation using payment card. It can be bank, trade and combined or connected with register of settling operations and to accomplish printing of document on operation using payment card by printing device.

Personal identifying number (PIN) - is code, known only to holder of payment card and necessary for his identification during accomplishing operations using payment card.

Prepaid payment card - is payment card issued preliminary by issuer and giving possibility to its holder to accomplish operations in the frames of preliminary put in (prepaid) means, that are accounted on separate card account of client or consolidated card account of the bank. Prepaid payment card, as a rule, does not contain essential elements marked on card, that give possibility visually or using documents, identifying the person, to identify its holder (last name, name, photo etc). Prepaid payment card can be of fixed nominal, indicated on the card.

Slip - is paper document, certifying accomplishing of operation using payment card and containing a set of data about this operation and imprint of essential elements of payment card.

SMS-banking - is service of providing particular information to holder of card on to mobile telephone by means of SMS-message.

Stop-list - is a list of payment cards (numbers of payment cards), on which it is forbidden to conduct operations. Depending on the rules of the payment system stop-list can be electronic and paper.

Trader - is a subject of entrepreneur activity, who in accordance with agreement with acquirer or payment organization, accepts to servicing payment cards with aim to accomplish payment for goods and services (including services on issue of money in cash form, which are provided by banks and financial organizations).

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