VeriFone Vx510 - Manual (Page 5)

POS terminal Vx510 Instructions for use
5
3. Used terms
Card rectangular plastic card with magnetic track, served as
non-cash payment instrument within locations of trade and services,
which are concluded a contract of card acceptance.
Smart card rectangular plastic card with integrated microchip, served as non-cash
payment instrument within locations of trade and services, which are
concluded a contract of card acceptance.
Transaction payment for purchase or sevice.
Voided transaction invalidation of payment for purchase or sevice.
Dynamic password numerical code, which is preventing some terminal operations from
unknown users To find out dynamic password, you must call to
POINT.
Authorisation checking of card’s validity and paying capacity. As a result of
authorisation card’s issusing bank or it’s agent assigns authorisation
code and reserves at client’s account amount required for payment. If
the transaction is rejected, amount should no be reserved. If the card is
in the stop-list, may be issued an instruction to no serve the client or to
take away the card.
Authorisation code unique identificator, assigned for each authorisation. It is a
combination of numbers and/or characters.
STOP-list list of cards, invalid for payments, including numbers of stolen and lost
cards.
Data transmission Sending the data, accumulated during a day, to the processing centre.
Application A program, recorded at card’s microchip, ensuring data exchange with
EMV POS terminal and processing of these data.
Merchant’s password Numerical code, preventing card from unauthorised use from unknown
users.
Offline purchase Terminal performs a transaction without calling to authorisation centre.
Cash back transaction Cash back to client, after the sending of statement. This operation may
not exist, if bank states it.