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Glossary of Industry Terms

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                                           PCI Related Terms Technical Terms

NAT

(Technical) See Network address translation.

National Automated Clearing House Association

All ACH institutions must be NACHA compliant. GSEP has GETI as their ACH, which handles all of the checking account transactions between all of the parties involved.
 

National Institute of Standards and Technology

(PCI)
Non-regulatory federal agency within U.S. Commerce Department\'s Technology Administration. Mission is to promote U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology to enhance economic security and improve quality of life
case, when transaction is achieved with the aid of the transfer of the parameters of bank map with the physical impossibility of access to it).
 

Network

(Technical)
Two or more computers connected together to share resources
 
May also refer to a company and system used to authorize and capture credit card transactions, such as a Debit Network (Star and Pulse are examples).
 

Network address translation

(Technical)
Known as network masquerading or IP masquerading. Change of an IP address used within one network to a different IP address known within another network
 

Network Components

(PCI) (Technical)
Include, but are not limited to firewalls, switches, routers, wireless access points, network appliances, and other security appliances
 

Network Security Scan

(PCI) (Technical)
An automated tool that remotely checks merchant or service provider systems for vulnerabilities. It is a non-intrusive test that involves probing external-facing systems based on external-facing IP addresses and reporting on services available to external network (that is, services available to the Internet). Scans can identify potential vulnerabilities in operating systems, services, and devices that could be used by hackers to target the company’s private network
 

Network Time Protocol

(PCI) (Technical)
Protocol for synchronizing the clocks of computer systems over packet switched, variable-latency data networks
 

Non consumer users

(PCI)
Any individual, excluding consumer customers, that accesses systems, including but not limited to employees, administrators, and third parties
 

Non-PIN Debit Card

A Debit Card with either a Visa, MasterCard or Discover mark that is tied to a Cardholder
 

Non-Qualified Rate

The Non-Qualified rate is the highest percentage rate that a merchant is charged whenever they accept a credit card for a sales transaction through their store or business using tiered pricing.
 
 

See also Tiered Pricing.

Non-Qualified Surcharge

A surcharge applied to any transaction that fails to qualify for the Anticipated Interchange Level and is therefore downgraded to a more costly interchange level.
 

See also Tiered Pricing.

Non-Qualified Transaction Fees

Bankcard sales transactions that do not meet set Visa/MasterCard criteria for that particular merchant and are processed at a higher interchange rate. An example of this is a merchant that is retail (card present) that processes a card-not-present transaction (or manually enters card data rather than swiping the magnetic stripe through the terminal). The merchant will pay the difference between what they should have paid on retail and what they actually qualified for (card not present). This difference is called non-qualified interchange fees.
 

See also Tiered Pricing.

Non-repudiation

(Technical)
Cryptographic assurance that a message sender cannot later deny sending a message, or that the recipient cannot deny receipt
 

Non-Sufficient Funds

A term used in the banking industry to indicate that a demand for payment a check cannot be honored because insufficient funds are available in the account on which the instrument was drawn. In simplified terms, a check has been presented for clearance, but the amount written on the check exceeds the available balance in the account. It is often colloquially referred to as a bad check, a “bounced” check, or a rubber check. Businesses frequently use the term dishonored check.
 

North American Industry Classification System

Common industry definitions for Canada, Mexico and the United States. This system is replacing the SIC Code system.
 

See also Standard Industry Code/Merchant Category Code.

NTP

(PCI) (Technical) See Network Time Protocol.

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After seeing the results of that review, it became apparent that there were other factors to consider in addition to the “rate” that determine what we pay in fees.
Arkansas State University

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ASU
Arkansas State University
 
Arkansas State
P.O. Box 2100
State University, AR 72467-2100
 
To Whom It May Concern:
 
The purpose of this letter is to address our experience in working with PE Systems.  When we first learned of the services offered by PE System, I have to admit, we were not completely convinced that it would be a value to add to our organization.  We had a contract with the credit card companies through our local banking provider and assumed we were getting the best rates possible.
 
After continued discussion with PE Systems, we agreed to allow them to give our accounts a review and see if there was room for improvement.  After seeing the results of that review, it became apparent that there were other factors to consider in addition to the “rate” that determine what we pay in fees.
 
The time required for us has been minimal and the experts at PE Systems have done a tremendous job at addressing and working with the issues that were costing us money.  Working with PE Systems has been very beneficial to our university and I would recommend their services to anyone in saving money on their credit card fees.
 
Sincerely,
 
Ed Kremers
Associate Vice Chancellor
 






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