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Glossary of Industry Terms

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                                           PCI Related Terms Technical Terms

UDP

(PCI) (Technical) See User datagram protocol.

Unbundled Fees

Other fees paid by the merchant to the merchant bank or other contracted party for transaction processing. Bundled groups interchange categories associated with transactions into groups, unbundled keeps them distinct. Interchange pass-through processing is an example of unbundled pricing.
 

Uniform Commercial Code

A set of business-related laws dealing with the sale of goods, their transportation and delivery, financing, storage, payments, and various other commercial transactions. These model laws have been adopted, with minor modifications, by most states to provide some consistency among states\' commercial laws. They were drafted by the National Conference of Commissioners on Uniform State Laws.
 

Uniform Commercial Code Article 4A

Uniform Commercial Code (UCC) is a comprehensive body of state law governing commercial transactions. Article 4A covers certain funds transfers, including ACH credit transactions not subject to the Electronic Funds Transfer Act.
 

Unique Transactions

Payment card sales transactions in which merchants adhere to card acceptance procedures that may be different from ones required of regular payment card sales transactions.
 

Universal Standard Product and Service Classification Code

A Global commodity standard – 10 digit, hierarchical code used to consistently classify products and services.
 

Unsecured credit

Credit extended without collateral and without the borrower attaching specific assets in the event of default.
 

Unsettled Transactions

Captured transactions that are awaiting settlement.
 

USA PATRIOT Act

 An omnibus bill passed in the aftermath of Sept. 11, 2001, the Patriot Act has consequences for most businesses. In the merchant acquiring business the implications arise primarily from the potential for money laundering and related terrorist activities. Officially, the law is known as the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terror Act.
 

User Authentication

Process of validating that a user is who the user represents himself/herself as.
 

User datagram protocol

(PCI) (Technical)
A communication protocol, such as TCP/IP, in which data is transmitted between two applications which does not

User ID

(PCI) See User Name.

User Name

(PCI)
A character string used to uniquely identify each user of a system.
The identity of the person authorized to log on to the system. UserID is normally an internal identification, where user name is normally the external represention. Organizations differ on naming conventions.
 
 

UserName

(PCI) See User Name.

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PE Systems has analyzed approximately $270,462,947,108.07 in revenue for our clients (over a quarter of a trillion dollars and counting).
Contact us today and let our patented and proprietary analytics find savings for you too!
or click below to send an email to us at: information@pesystemscorp.com
 
I would highly recommend PE Systems to organizations exploring opportunities to better manage the costs of their credit card program.

University of Texas, Austin

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The University of Texas at Austin
 
The University of Texas at Austin
PO Box 8179
Austin, TX 78713-8179
 
To Whom It May Concern:
 
Profit Enhancement Systems (PE Systems) has completed an analysis of the administrative cost of The University of Texas at Austin’s credit card program.  Throughout the term of their engagement, the PE Systems personnel were professional, courteous, and required minimal assistance from the university staff beyond collecting the base data to be analyzed.  The work has been performed by PE Systems on a successful efforts basis; whereby PE Systems would have been compensated from realized savings as a result of their recommendations.
 
PE Systems’ work product was found to be complete, insightful, and  was presented in a fashion that could easily be understood by individuals with little background in the economics of credit card processing.  Due to major changes underway with respect to the credit card acceptance policy by the University, the savings opportunities identified by PE Systems were not implemented.  Had the University continued with the credit card program as structured at the time PE Systems made their analysis, we almost certainly would have implemented a number of their findings and recommendations.
 
I would highly recommend PE Systems to organizations exploring opportunities to better manage the costs of their credit card program.
 
Sincerely,
 
 
 
Kevin P. Hegarty
Vice President and Chief Financial Officer
 






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