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Alright, let’s loosen up that stiff collar and sprinkle some real-world flavor on this glossary:
Credit Card Types & That All-Important CVV
- American Express (AMEX): These start with 3, like all the cool kids. CVV2? Usually a 4-digit deal, but sometimes you’ll see 3. Go figure.
- Visa: Look for the big “4” at the front. CVV2 is always 3 digits. Simple.
- Mastercard: Starts with 5, CVV2 clocks in at 3 digits. No surprises here.
- Discover (aka Novus): These guys rock a 6 up front. CVV2? Almost always 3 digits, but don’t be shocked if you bump into a 4-digit one. Yep, bankers love spicing things up.
Some Banking & Card Jargon (in plain English)
- Issuing Bank: The folks who actually hand you the card. Your card “parents,” if you will.
- Billing Address: That place where your statements (and way too much junk mail) pile up.
- Drop: Someone who grabs your goods or cash and takes their cut. Middleman vibes.
- Billing Office: The behind-the-scenes squad making sure card payments happen.
- Card Charge: The “HEY, YOU OWE US” bill from the bank that gave you the card.
- Acquiring Bank: Where the shop opens an account so you can swipe for that overpriced latte.
- Merchant Account: The bank account the store uses to grab your credit card money.
- Merchant Bank: Same as acquiring bank. Yeah, banks like fancy names.
- Cardholder: That’s you callin' the shots with your shiny piece of plastic.
- Validity: Start/stop dates for your card’s “superpowers.”
- White Plastic: A blank card waiting for its big debut.
- CR-80: Standard-size, with a magnetic strip. Just what every card dreams of being.
- Transaction: Basically, every time you pay for stuff with your card.
- POS Terminal: That clunky thing at checkout where you insert/tap/swipe your card.
- PIN Code: Your secret handshake, but with numbers.
- AVS: Makes sure your address matches up—trying to keep out the baddies.
- Globe: Mastercards have a holo-globe. Fancy!
- Pigeon (Hen): Visa’s got a shiny pigeon? Yep. Look for it.
- Reader: Eats the data off the magnetic strip.
- Encoder: Writes (or rewrites) stuff onto the magnetic strip. It’s like a Sharpie, but for cards.
- Embosser: Gives cards that old-school bumpy lettering.
- Card Printer: Prints whatever’s needed straight onto the card.
- Expiration Date: The “use by” on your plastic. After that? Nada.
- Area Code: First few digits of your phone number the bank has.
- CVV2/CVV/CVN: 3 or 4 digits at the “security code” spot. You know the drill.
- ePlus: Handy tech for checking if a card’s good.
- BIN (Bank Identification Number): First 6 digits—they spill all the tea on the card’s origin story.
- Chargeback: When you scream “that wasn’t me!” and the bank reverses the charge.
- Dump: The raw magnetic mean data—1, 2, or 3 separate tracks loaded with info.
- Track: Chunks of that dump data:
- Track 1: Cardholder details.
- Track 2: More card- and bank-stuff.
- Track 3: Extra bits like loyalty points or… who knows what.
- Slip: Old-school receipt from your card transaction.
- Card Balance: The dough you still have available.
- MMN (Mother’s Maiden Name): Backup security info—banks love to quiz you on it.
- COB (Change of Billing): Sneaky move in online shopping—change address so your stuff gets delivered.
- DOB: Birthday, for the “prove you’re you” situations.
Some Other Money-World Buzzwords
- Automated Clearing House (ACH): The payment freeway for checks and electronic cash.
- Continuous Acquisition and Life-cycle Support (CALS): Boring acronym for making sure stuff gets built, bought, and fixed, automatically.
- Debit Card: Looks like a credit card, but swipes straight from your checking. Spend what you have, not what you wish you had.
- Delivery Versus Payment (DVP): They don’t hand over the goods ‘til your cash is in hand.
- Direct Debit: You say, “yeah, just take the payment every month.” Your money walks right out.
- Electronic Funds Transfer (EFT): Money moving over wires, not through envelopes.
- EFT/POS: When you swipe at a store and your bank account flinches.
- Integrated Circuit (IC) Card (Smart Card): Has a microchip—think ATM card with a brain. Also “smart,” but won’t help with your homework.
- Internet: Uh… it’s the internet. How did you not know this in 2024?
- International Organization for Standardization (ISO): Global standards squad, telling everyone how things “should” be done. Geneva, baby!
- Magnetic Ink Character Recognition (MICR): Machines reading your checks way faster than anyone with eyeballs ever could.
- RSA: Gets cut off here, but spoiler: it’s a big deal for encrypting stuff.
And there you go—banking and card lingo, minus the nap.
Credit Card Types & That All-Important CVV
- American Express (AMEX): These start with 3, like all the cool kids. CVV2? Usually a 4-digit deal, but sometimes you’ll see 3. Go figure.
- Visa: Look for the big “4” at the front. CVV2 is always 3 digits. Simple.
- Mastercard: Starts with 5, CVV2 clocks in at 3 digits. No surprises here.
- Discover (aka Novus): These guys rock a 6 up front. CVV2? Almost always 3 digits, but don’t be shocked if you bump into a 4-digit one. Yep, bankers love spicing things up.
Some Banking & Card Jargon (in plain English)
- Issuing Bank: The folks who actually hand you the card. Your card “parents,” if you will.
- Billing Address: That place where your statements (and way too much junk mail) pile up.
- Drop: Someone who grabs your goods or cash and takes their cut. Middleman vibes.
- Billing Office: The behind-the-scenes squad making sure card payments happen.
- Card Charge: The “HEY, YOU OWE US” bill from the bank that gave you the card.
- Acquiring Bank: Where the shop opens an account so you can swipe for that overpriced latte.
- Merchant Account: The bank account the store uses to grab your credit card money.
- Merchant Bank: Same as acquiring bank. Yeah, banks like fancy names.
- Cardholder: That’s you callin' the shots with your shiny piece of plastic.
- Validity: Start/stop dates for your card’s “superpowers.”
- White Plastic: A blank card waiting for its big debut.
- CR-80: Standard-size, with a magnetic strip. Just what every card dreams of being.
- Transaction: Basically, every time you pay for stuff with your card.
- POS Terminal: That clunky thing at checkout where you insert/tap/swipe your card.
- PIN Code: Your secret handshake, but with numbers.
- AVS: Makes sure your address matches up—trying to keep out the baddies.
- Globe: Mastercards have a holo-globe. Fancy!
- Pigeon (Hen): Visa’s got a shiny pigeon? Yep. Look for it.
- Reader: Eats the data off the magnetic strip.
- Encoder: Writes (or rewrites) stuff onto the magnetic strip. It’s like a Sharpie, but for cards.
- Embosser: Gives cards that old-school bumpy lettering.
- Card Printer: Prints whatever’s needed straight onto the card.
- Expiration Date: The “use by” on your plastic. After that? Nada.
- Area Code: First few digits of your phone number the bank has.
- CVV2/CVV/CVN: 3 or 4 digits at the “security code” spot. You know the drill.
- ePlus: Handy tech for checking if a card’s good.
- BIN (Bank Identification Number): First 6 digits—they spill all the tea on the card’s origin story.
- Chargeback: When you scream “that wasn’t me!” and the bank reverses the charge.
- Dump: The raw magnetic mean data—1, 2, or 3 separate tracks loaded with info.
- Track: Chunks of that dump data:
- Track 1: Cardholder details.
- Track 2: More card- and bank-stuff.
- Track 3: Extra bits like loyalty points or… who knows what.
- Slip: Old-school receipt from your card transaction.
- Card Balance: The dough you still have available.
- MMN (Mother’s Maiden Name): Backup security info—banks love to quiz you on it.
- COB (Change of Billing): Sneaky move in online shopping—change address so your stuff gets delivered.
- DOB: Birthday, for the “prove you’re you” situations.
Some Other Money-World Buzzwords
- Automated Clearing House (ACH): The payment freeway for checks and electronic cash.
- Continuous Acquisition and Life-cycle Support (CALS): Boring acronym for making sure stuff gets built, bought, and fixed, automatically.
- Debit Card: Looks like a credit card, but swipes straight from your checking. Spend what you have, not what you wish you had.
- Delivery Versus Payment (DVP): They don’t hand over the goods ‘til your cash is in hand.
- Direct Debit: You say, “yeah, just take the payment every month.” Your money walks right out.
- Electronic Funds Transfer (EFT): Money moving over wires, not through envelopes.
- EFT/POS: When you swipe at a store and your bank account flinches.
- Integrated Circuit (IC) Card (Smart Card): Has a microchip—think ATM card with a brain. Also “smart,” but won’t help with your homework.
- Internet: Uh… it’s the internet. How did you not know this in 2024?
- International Organization for Standardization (ISO): Global standards squad, telling everyone how things “should” be done. Geneva, baby!
- Magnetic Ink Character Recognition (MICR): Machines reading your checks way faster than anyone with eyeballs ever could.
- RSA: Gets cut off here, but spoiler: it’s a big deal for encrypting stuff.
And there you go—banking and card lingo, minus the nap.
