Glossary of Credit Card Terms

(1) | 1 (1) | 3 (1) | 5 (1) | A (42) | B (28) | C (92) | D (44) | E (19) | F (33) | G (7) | H (3) | I (14) | J (7) | K (3) | L (10) | M (27) | N (12) | O (10) | P (43) | Q (2) | R (34) | S (43) | T (26) | U (9) | V (10) | W (2) | X (1) | Y (1) | Z (7)
Carbon-paper packets In the old days, sales were made by using carbon-paper packets fitted in a sliding machine called a zip-zap machine. Card would be placed in the machine face up, carbon-paper packet is placed over it...
Card issuer Card issuer can be any financial institution, credit union or bank that issues plastic cards to clients.
Card member A card member an industry phrase used to describe a person allowed to use a credit card. Can be spelled cardmember.
Card member agreement The card member agreement gives the terms and conditions of a credit card account. This agreement is obligatory by federal law as a consumer disclosure. It serves as a contract between card issuers...
Card reader A card reader is a gadget that can read the encoding or chips in plastic cards. Today they are available at most purchase places.
Card-linked loyalty offers Card-linked loyalty offers are digital coupons distributed by retailers and be loaded right onto a credit, debit or store loyalty card; the discount is calculated when the purchase is made. The...
Card-not-present (CNP) transactions Credit or debit card transactions when the retailer did not come in physical contact with the card. Often applies to online or over the phone purchases. Treated as transactions with a high risk...
Card-not-present fraud Card-not-present fraud occurs when the credit card is used by an unauthorized person in a transaction with no face to face contact. This usually happens with internet, online or by mail purchases.
Card-present (CP) transactions Credit or debit card transactions made face-to-face and the card is physically swiped. This are more secure than card-not-present transactions because the retailer can see the customer, and verify...
Card-present fraud Card-present fraud happens when an unauthorized person makes face-to-face transaction like in a grocery store checkout lane. This form of fraud can involve the use of a stolen card or a fake...

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