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.
| Recurring Transaction |
An authority to charge a transaction to a credit or charge card at regular intervals (typically monthly), granted by the cardholder to a merchant, retailer or other service provider. The term 'recurring transaction' may apply equally to one of the transactions or to the authority under which these are charged. Also sometimes known as a Continuous Authority Transaction. |
| Referral |
When a merchant is processing a card transaction their terminal may prompt them to make a manual authorisation call to the cardholder issuer. |
| Restaurant Configuration |
Enables the merchant to enter a gratuity after a transaction has been completed at the terminal. |
| Retailer Card (also known as a store card) |
A plastic payment card issued by a specific retailer or group of retailers for limited use at their own outlets. |
| RFI (Request for Further Information) |
A request by either the card issuer or cardholder wishing to obtain further information about a particular transaction. |
