Co-Branded Card

Co-branded card is a card issued by a member bank in association with a commercial company, typically bearing the brand of both.

Clearing

Clearing is the process of exchanging financial transaction details between an acquiring bank and a card issuer to facilitate posting of a cardholder's account and reconciliation of a customer's settlement position.

Cirrus

Cirrus System Incorporated, a wholly owned subsidiary of MasterCard International Incorporated, operates the international ATM sharing association known as the "MasterCard®ATM network," accepting MasterCard, Maestro®, and Cirrus®brands.

Chargeback Process

Chargeback process is a dispute resolution process that member banks use to determine the responsible party in a chargeback related dispute. This process has three cycles in which the member banks can resolve the dispute themselves. If the members do not resolve the case within three cycles, they must send the case to arbitration. These three cycles are:

• First chargeback (submitted by the card issuer).
  
• Second presentment (submitted by the acquiring bank).
  
• Arbitration chargeback (submitted by the card issuer).

Card Payment System

Card payment system is a payment system supporting payments made by financial transaction cards.

Card Account

Card account is a credit line for deposit facility accessed by a card issued to a cardholder that enables the cardholder to purchase goods and services or obtain cash.

Card Acceptor Business Code (MCC)

Card acceptor business code (MCC) is a numerical representation of the type of business in which the card acceptor (merchant) engages. Formerly merchant category code (MCC).

Card Acceptor

Card acceptor is a merchant or an Automatic Teller Machine (ATM) that accepts a card and presents transaction data to an acquiring bank.

Call Referral

Call referral is a generic term for the "refer to card issuer" authorization response. A call referral indicates that the acquiring bank or merchant must contact the card issuer for further instructions. The card issuer uses the call referral as a fraud prevention tool when it suspects or is attempting to prevent fraud at the point of sale. See also referral call.

Brand Mark or Mark

Brand mark or mark is the proprietary combination of names, symbols, and colors that visually conveys a brand's identity and personality.