MasterCard Rules (PDF)

Processed Transaction
A Transaction for which:
• the Issuer or its agent approved the Acquirer’s request to proceed (“authorization”) by means
of the Interchange System, unless online authorization was not required per Rule 8.3.3.1;
• the exchange of Transaction record data between Customers (“clearing”) occurred by means of
the Interchange System; and
• the exchange of funds between Customers (“settlement”) occurred by means of the Interchange
System.
Program
A Customer’s Card issuing program, Merchant acquiring program, or both.
Program Service(s)
Any service described in Rule 7.1 or elsewhere in the Standards that directly or indirectly supports
a Program and regardless of whether the entity providing the service is registered as a Service
Provider of one or more Customers. The Corporation has the sole right in its sole discretion to
determine whether a service is a Program Service.
Region
A geographic region as defined by the Corporation from time to time.
Remote Transaction
A non-face-to-face Transaction performed partially or wholly by means of electronic
communication, such as via phone order, the Internet, text messaging, facsimile, or the like.
Rules
The Standards set forth in the MasterCard Rules manual.
Service Provider
A person that performs Program Service. The Corporation has the sole right in its sole discretion
to determine whether a person is a Service Provider and if so, the category of Service Provider.
A Service Provider is an agent of the Member that receives or otherwise benefits from Program
Service, whether directly or indirectly, performed by such Service Provider.
Service Provider Registration Facilitator
A Service Provider that performs Service Provider identification and registration services.
©1969–2012 MasterCard. Proprietary. All rights reserved.
8 12 December 2012 • MasterCard Rules