Connecting to PaymentTrust's Secure Transaction Network - WorldPay

time that it takes for these funds to reach the merchant account after deposit is 1-5 days, but
varies according to the merchant's agreement with their respective card processing company.
Also referred to as Deposit.
SIC Code
Refers to Standard Industry Classification. These codes are 4-digit numbers used to identify a
business type.
Simultaneous Authorization And Deposit
Charges the specified amount against the account, and marks the transaction for immediate
funds transfer during the next deposit period.
Smart Card
A credit or debit card embodying a computer chip with memory and interactive capabilities used
for identification and to store additional data about the cardholder, cardholder's account, or both.
Also called an integrated circuit card or a chip card.
SSL
See Secure Sockets Layer.
Standard
The lowest qualification level at which a Visa or MasterCard transaction may interchange. This
occurs when a transaction is deposited several days after the original authorization.
Surcharges
Any additional charges to a merchant's standard processing fee. They are a result of nonqualified
transactions of different communication methods.
Suspense
A state in which a batch of transactions is not released to interchange, because of problems
noticed by the host computer. Requires human intervention to fix the problem and deposit the
batch.
Swiped Card
Credit card information that is transferred directly as a result of swiping or sliding the credit card
through a card reader. Swiped cards are used in retail and other card-present situations. The
information magnetically encoded in the magnetic strip includes confidential data that helps
validate the card.
Synchronous
A method of transmitting data in which the data elements are sent at a specific rate so that start
and stop characters are not needed. Used by older modems such as, Amex PIP terminals. See
Asynchronous.
T
T & E Card
See Travel and Entertainment Card.
Tender Type
The type of "money" used when processing a transaction, for example, credit card, check, ACH,
Purchase Card, etc.
Third Party Processor
A non-member agent employed by an acquiring bank, which provides authorization, deposit and
merchant services to the bank's merchant.
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