7
Cards with a chip
Cards which store the information needed for electronic payment on a chip
must be inserted in a chip reader, depending on the terminal model. If the
terminal is equipped with a motor reader, then the card is automatically
drawn in and read.
Cards with a
contactless chip
Cards that have a chip featuring a contactless function can be held up to
contactless readers to speed up the payment process.
Cards with a
magnetic stripe
Cards which store the information needed for electronic payment on a mag-
netic stripe must be pulled through the swipe reader, depending on the
terminal model. If the terminal is equipped with a motor reader, then the
card is automatically drawn in and read.
CC
Computer center
CCC
Credit card company
CLP
Contactless payment
CrC
Credit cards
CVC/CVV
Card Verification Code /Card Verification Value number used to identify the card.
DCC
Dynamic Currency Conversion. Foreign cardholders can pay in their domestic
currency.
EFT/POS
Electronic Funds Transfer at the Point Of Sale
EMV
Global specifications from Eurocard, MasterCard and Visa based on a chip
card.
ep2
<EFT/POS 2000>, Swiss standard based on the EMV standard in electronic
payment traffic.
GPRS
General Packet Radio Service (GPRS) is a packet-oriented transmission
service that is used in the field of mobile telephone systems.
GSM
Global Standard for Mobile Communications
Online transaction
An online transaction is always directly authorised at the CCC.
Offline transaction
An offline transaction is authorised in interdependence with the card and
terminal risk management (e.g. if the amount of the previous transactions is
less than the card limit or if the amount is less than the terminal floor limit
on the card, etc.).
PF
PostFinance (Switzerland)
PIN
Personal Identification Number
PIN-based
transaction
For a PIN-based transaction, the customer must enter his/her PIN at the
point of sale during the payment process.
PW
Password
PUK
Personal Unblocking Key
RFID
radio-frequency identification
SPS
SIX Payment Services Ltd
TIP
Tip
Trm
Terminal
Trx
Transaction
WLAN
A Wireless Local Area Network is a “wireless” local radio network, which
generally refers to a standard within the IEEE 802.11 family.
2.3 Abbreviations/Information
