Glossary
This page provides a list of glossary terms used in this guide.
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The merchant acquirer or bank that offers the merchant a trading account, to enable the merchant to take payments in store or online from cardholders.
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The Linkage Group set up in Smart Client controls various parameters related to linked cards; for details, check with your Implementation Manager.
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Card scheme or payment network, such as MasterCard or Visa, responsible for managing transactions over the network and for arbitration of any disputes.
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The external system to which sends real-time transaction-related data. The URL to this system is configured within per programme or product. The Program Manager uses their external host system to hold details of the balance on the cards in their programme and perform transaction-related services, such as payment authorisation, transaction matching and reconciliation.
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A temporary account that provides a location for the Program Manager to allocate funds before transferring the funds to a permanent location. A ghost account is otherwise known as a suspense account.
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The card Issuer (BIN sponsor), typically a financial organisation authorised to issue cards. The Issuer has a direct relationship with the relevant card scheme.
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Velocity limit group which restricts the frequency and/or amount at which the card can be loaded or unloaded. You can view your current Limit Groups in Smart Client.
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A type of Thredd card that is restricted to loading and unloading to a physical or virtual card and cannot be used for e-commerce or in-store transactions. An MVC is used to reflect the value of the ‘actual’ money in the Issuer's bank account. An MVC guarantees that the load is limited to the amount prefunded (i.e. loaded onto MVC) and gives the Program Manager the ability to distribute funds immediately rather than having to wait for notification of each individual load into the Issuer Bank account.
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The provider of the product or service that the cardholder is purchasing, namely a shop or store. A merchant must have a merchant account, provided by their acquirer, in order to trade. Physical stores use a terminal or card reader to request authorisation for transactions. Online sites provide an online shopping basket and use a payment service provider to process their payments.
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A unique identifier of the merchant for pinpointing the type of account provided to them by their acquirer.
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A customer who manages a card program. The programme manager can create branded cards, load funds and provide other card or banking services to their end customers.
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Smart Client is Thredd's legacy desktop application for managing your cards and transactions on the Thredd Platform.
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A temporary account that provides a location for the Program Manager to allocate funds before transferring the funds to a permanent location. A suspense account is otherwise known as a Ghost Account.
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Thredd Portal is Thredd's new web application for managing your cards and transactions on the Thredd Platform.
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Group that controls where a card can be used. For example: POS or ATM.