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Term Definition
DDS (Digital Data Storage) debit card (Signature debit or Online debit) A debit card purchase made in place of cash that is automatically deducted from a cardholder’s account Customers may obtain Visa and MasterCard debit cards from a bank or financial institution.
Debit Network An electronic network that permits several types of financial transactions including ATM cash withdrawals, debit card transactions, and online bill pay Examples of Debit Network logos are MAESTRO, NTCE, and STAR.
Declined Transactions that are not authorized by the card-issuing bank When a card is declined, no further action is allowed.
Digital Certificate An electronic file of unique information that is utilized by a Certificate Authority to verify the trustworthiness of an individual or entity Digital Certificates are paired with Secure Sockets Layer (SSL) protocol. For more information, see “Digital Fingerprint,” and “Secure Sockets Layer (SSL).”
Digital Fingerprint or Transaction Fingerprint An authentication method that uses a complex mathematical formula to create a fingerprint for sending and receiving electronic communication transmissions The authenticity of the fingerprint is verified when the recreated fingerprint matches the submitted fingerprint of the communication. A Digital Fingerprint verifies that an electronic communication is sent and received on the Internet without an interception or modification during the transmission. utilizes the same mathematical function and input value to recreate a digital fingerprint.
Digital Wallet A consumer’s account that is authorized to make e-Commerce purchases at websites that support the transaction system A customer must establish an account with a card processor. The card processor assigns the customer an ID and password.
Discount Fee The percent of a credit card, eCheck.Net® transaction, or batch settlement that the payment gateway bills the merchant Discount fee transaction types include charges, declines, refunds, and voids.
Discount Rate See the glossary definition of “Bank Rate.”