Registry of Service Providers (VRSP) (for Agents)

Magnetic Stripe

The magnetic stripe on a card that contains the necessary information to complete a transaction.

Magnetic Stripe Data

Data contained in the magnetic stripe and replicated in the chip.

Payment Gateway

A system that provides electronic commerce services to merchants for the authorization and clearing of Secure Electronic Transaction Specification-compliant transactions.

PIN

A personal identification alpha or numeric code that identifies a cardholder in an authorization request originating at a terminal with authorization-only or data capture-only capability.

Prepaid Card

A card purchased for a specified amount, not exceeding US $100, or local currency equivalent, that is in turn used to purchase goods or services such as telephone calls, public transportation, or vending machine services.

Settlement

The reporting and transfer of settlement amounts owed by oneclient to another, or to Visa, as a result of clearing.

VisaNet

The systems and services, including the V.I.P. System and BASE II, through which Visa delivers authorization, clearing, and settlement services toclients.

VisaNet Extended Access Server

Visa equipment and software that aclient uses to access the VisaNet systems.