Registry of Service Providers (VRSP) (for Agents)

Account Number

A primary cardholder account number that is either:

• Embossed and encoded on a Visa card
• Encoded on an Electron card, a proprietary card bearing the PLUS symbol or a card bearing the Visa Electron symbol

ATM

An unattended terminal that has electronic capability, accepts PINS and, disburses currency or checks. 

Authorization

A process that approves transactions for specified amounts or provide facilities to respond to requests for authorizations for transactions or cash disbursements. 

Cardholder Data

Data encoded in the card magnetic stripe such as cardholder name, card expiry date, CVV, etc.

Card Verification Value (CVV)

A unique check value encoded on the magnetic stripe of a card to validate card information during the authorization process. The Card Verification Value is calculated from the data encoded on the magnetic stripe using a secure cryptographic process.

Card Verification Value 2 (CVV2)

A unique check value generated using a secure cryptographic process, as specified in the VisaNet Standards Manual, that may be indent-printed on the back of a Visa card. Card Verification Value 2 may be used as an additional means of cardholder verification during the referral process.

iCVV (Integrated Circuit Card Verification Value)

The three-digit CVV value encoded on chip cards to validate card information during the authorization process for chip cards.

Chargeback

A transaction that an issuer returns to an acquirer.

Chip

An electronic component designed to perform processing or memory functions.

Chip Card

A plastic card with an integrated circuit (chip) embedded in it so that the card has greater data storage capacity. Chip cards with microprocessors are also capable of calculation.

Clearing

All of the functions necessary to collect a clearing record from an acquirer in the transaction currency and deliver it to theissuer in the billing currency, or to reverse this transaction, or to process a fee collection transaction.

Cryptographic Key

A parameter used in conjunction with a cryptographic algorithm.