Glossary
The following terms, organised alphabetically, are used within the cards industry. Here you will find simple explanations to help you navigate the jargon and specialist terminology.
| Floor Limit |
A limit on the value of each transaction, agreed between the merchant and acquiring bank, above which authorisation must be obtained by the merchant, from the card issuer. |
| Foreign Issued Cards |
A card issued by a non-UK card issuer. These cards may not be chip and PIN compliant and will have to be processed using the magnetic stripe on the reverse of the card. |
| Fraud Screening |
Fraud screening forms part of a transaction authorisation process flow and is conducted prior to authorisation to help reduce fraud and prevent chargebacks. |
| Fuel Card |
A special purchase charge card to pay for fuel on the road. It saves having to carry money and reduces exposure to theft. |
