Cardstream's Payment Gateway Glossary




Showing 175 to 195 of 195 Results


Universal Standard Product and Service Classification Code. A Global commodity standard - 10 digit, hierarchical code used to consistently classify products and services.

Unbundled Fees

Other fees paid by the merchant to the merchant bank or other contracted party for transaction processing.

Uniform Commercial Code (UCC)

A set of business-related laws dealing with the sale of goods, their transportation and delivery, financing, storage, payments, and various other commercial transactions. These model laws have been adopted, with minor modifications, by most states to provide some consistency among states commercial laws. They were drafted by the National Conference of Commissioners on Uniform State Laws.

Uniform Commercial Code Article 4A (UCC 4A)

Uniform Commercial Code (UCC) is a comprehensive body of state law governing commercial transactions. Article 4A covers certain funds transfers, including ACH credit transactions not subject to the Electronic Funds Transfer Act.

User Authentication

Process of validating that a user is who the user represents himself/herself as.

User ID

The identity of the person authorized to log on to the system.

Validation Code

A unique 4 character value that VISA includes as part of the CPS/ATM program in each authorisation response to ensure that key authorisation fields are preserved in the clearing or settlement record.

Variable Interest Rate

With variable-rate cards, the APR changes when interest rates or other economic indicators change. Also known as a floating rate.


Verified by Visa.

Verified By Visa

The Visa scheme designed to authenticate cardholders so that they cannot subsequently repudiate there use of a card to purchase goods. It will also reduce other fraud as fraudulent users will not generally know the pass phrase or PIN associated with the card.


Visa International Service Association and all of its subsidiaries and affiliates.

Visa Acquirer

A member that signs a Visa merchant or disburses currency to a Visa cardholder in a cash disbursement, and directly or indirectly enters the resulting transaction receipt into interchange.

Visa Card

A card that bears the Visa symbol, enabling a Visa cardholder to obtain goods, services, or cash from a Visa merchant or an acquirer.

Visa Issuer

A member that issues Visa Cards.

Visa Merchant

A merchant that displays the Visa symbol and accepts all Visa cards.


The systems and services, including the V.I.P. system and BASE II, through which Visa delivers online financial processing, authorisation, clearing, and settlement services to members.

Voice Authorisation

An approval response obtained through interactive communication between an issuer and an acquirer, their authorizing processors, or stand-in processing, through telephone, facsimile, or telex communications.

Void Transaction

Delete the transaction information.


Nullifies a transaction that has been recorded for settlement, but not yet settled. This removes the transaction from the batch of transactions to be settled.

Website Design and Development

Cardstream employs a team of skilled website designers and developers, each having many years' commercial experience in website and e-commerce development. To find out more about our services either contact us or visit the web services page.

Showing 175 to 195 of 195 Results