Maestro Global Rules (PDF) - MasterCard

usiness day
Glossary
Glossary
A “Business Day” as defined in Regulation CC of the Board of Governors of
the U.S. Federal Reserve System, 12 C.F.R. Pt. 229.
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A Transaction initiated by the cardholder and/or Merchant to notify the Issuer
by means of an online reversal that the Transaction authorization should
be reversed. This Transaction may be initiated either before or after an
authorization response is received by the Acquirer.
Card acceptance or acceptor device (CAD)
A hardware device (such as an ATM) used to capture and transmit payment
card and that may be connected to a remote computer system; such as an
Acquirer network, or may operate as a stand-alone device.
Card authentication method (CAM)
A procedure which takes place between a Card and the Terminal and/or Issuer
to verify that the Card is genuine.
cardholder-activated terminals (CAT)
A cardholder-activated, chip or magnetic stripe-reading POS Terminal, (usually
unattended) that dispenses a product or provides a service when activated
by a Cardholder.
card-to-card authentication (CCA)
Card authentication as a result of interaction between two active Chip Cards:
the Cardholder’s Card and the Merchant’s chip (which may be embedded in a
removable Card or may be a permanent part of the POS Terminal), interacting
via a passive terminal, without online contact to the Issuer. Both chips issue
challenges to each other and verify the result.
Cardholder verification method (CVM)
A system or technology used to verify that the person presenting a Card is the
authorized Cardholder.
Card-read
A Transaction authorized and settled electronically where full magnetic stripe or
chip data is read by a Terminal and transmitted in its entirety to the Issuer.
checking account (DDA)
A demand deposit, negotiable order of withdrawal, share draft, or other
transaction account which normally requires an Issuer to pay immediately upon
proper presentation of a negotiable order to pay.
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Maestro Global Rules • 9 November 2012 E-3