T&E Card: Travel and Entertainment card issued by a private, non-bank company which deals directly with the cardholder and merchant and which generally requires payment in full monthly.
T&E Merchant: An airline, car-rental company, lodging, or restaurant establishment whose primary function is to provide travel/entertainment-related services.
TCP/IP: The system networks use to communicate with each other on the Internet. It stands for Transmission Control Protocol/Internet Protocol.
Tamper Resistant Security Module (TRSM): A hardware device which cannot be successfully penetrated to disclose all or part of any cryptographic key or PIN resident within the device. Penetration of the device shall cause the automatic and immediate erasure of all PINs, cryptographic keys, and all useful residue of PINs and keys contained within the device. A device shall only be operated as a Tamper Resistant Security Module when the manufacturer ensures that the device conforms to industry standards for a Tamper Resistant Security Module and the internal operation has not been modified to allow penetration. There are two categories of TRSMs, (i) a device which relies on physical barriers and (ii) a device which uses “unique key per transaction” key management.
Technical Specifications: The Technical Specifications of the STAR Network as amended from time to time by STAR.
Telephone Bill Payment: A service that permits a customer to pay bills electronically. The customer gives a corporation the authority to debit his or her account for a specific amount or within a specified range of amounts.
Terminal Based: A system that captures card transactions and holds them until settlement.
Terminal Record: The detailed listing maintained by the Acquirer Member or Acquirer Processor that contains the original or duplicate records of all transactions approved, denied, completed, or not completed at a terminal.
Terminated Merchant File (TMF): A file listing the names of merchants and their principals whose bankcard relationships have been terminated for some reason by an acquirer. Operated jointly by VISA® and MasterCard®.
Thick Consolidator: One of four models of electronic bill presentment and payment (EBPP). The biller sends all of its billing data to a central service provider that consolidates electronic bills from different billers so that the consumer has a single site of access for viewing billing information and making payments electronically. Other models include: Biller Direct, Thin Consolidator and Customer Consolidation.
Thin Consolidator: One of four models of electronic bill presentment and payment (EBPP). The biller sends summary billing data to a central service provider that consolidates electronic bills from different billers so that the customer has a single site of access for viewing billing information and making payments electronically. The customer may access full billing data through the billers web site. Other models include: Biller Direct, Thick Consolidator and Customer Consolidation.
Third-Party Processing: Processing of transactions by service providers acting under contract to card issuers or acquirers. First Data is a third-party processor.
Ticket: Another name for the sales slip or its 'monetary value' that results when a credit card purchase is made.
Trace Number: The “Retrieval Reference Number” defined as data element number P-037 in the Technical Specifications.
Transaction: Any event that causes a change in an organization's financial position or net worth, resulting from normal activity. Advance of funds, purchase of goods at a retailer or when a borrower activates a revolving line of credit. Activities affecting a deposit account carried out at the request of the account owner. One example of a transaction is the process that takes place when a cardholder makes a purchase with a credit card.
Transaction Date: The actual date on which a transaction occurs. Used in recording and tracking transactions.
Transaction Fees: Service costs charged to a merchant on a per-transaction basis.
Transaction Identification Number: A security value generated by the STAR MoneyGram Money Transfer Service Provider, printed on a receipt for a STAR MoneyGram Send Transaction, and used by the STAR MoneyGram Card Holder in combination with the STAR MoneyGram Sender's selected secret code to receive the associated STAR MoneyGram Money Transfer.
Transaction Time: The local time at which a STAR Transaction was initiated.
Translation: The cryptographic process performed within a TRSM whereby encrypted data is decrypted from using one PIN encrypting key and re-encrypted the PIN using a second PIN encrypting key.