Front-end processor definition
Front-end processor means a data processing facility directly connected to an on-line point-of-sale terminal, as defined by Iowa law, which is utilized in an electronic funds transfer system in conjunction with another data processing facility that is certified by an approved central routing unit. A front-end processor and certified data processing facility that are directly connected constitute a single data processing center, as defined by Iowa law, only if the following specified conditions are satisfied: (1) All on-line point-of-sale satellite terminal transactions received by the front-end processor of the certified data processing facility that cannot be immediately authorized or rejected by the certified data processing facility must be immediately transmitted to an approved central routing unit, subject to the exceptions expressed in Iowa Code subsection 527.5(9); and (2) All on-line point-of-sale satellite terminal transactions received by the front-end processor of the certified data processing facility which are capable of being immediately authorized or rejected by the certified data processing facility must be transactions initiated by cardholders of financial institutions directly serviced by the certified data processing facility and must be immediately authorized or rejected by the certified data processing facility.
Front-end processor means a data processing device directly connected to a satellite terminal which is utilized in an electronic funds transfer system in conjunction with only one transaction autho- rization computer which is capable of authorizing or rejecting transactions initiated at the satellite ter- minal through verification of customer account data maintained at the authorization computer by only those financial institutions which are exclusively served by the front-end processor and authorization computer. A front-end processor and authorization computer which are directly connected constitute a single data processing center, as defined by Iowa law, only if the specified conditions are satisfied. All satellite terminal transactions received by the front-end processor of the data processing center which cannot be immediately authorized or rejected by the data processing center’s authorization computer must be immediately transmitted to an approved central routing unit, subject to the exceptions ex- pressed in Iowa Code subsection 527.5(9). All satellite terminal transactions received by the front-end processor of the data processing center which are capable of being immediately authorized or rejected by that data processing center’s authorization computer must be transactions initiated by cardholders of financial institutions directly serviced by that data processing center and must be immediately au- thorized or rejected by the data processing center.
Front-end processor is an authorization service through which Card Issuing Banks can approve or decline individual card transactions.
More Definitions of Front-end processor
Front-end processor means a device that is connected to an Enterprise Application Server that manages the routing of data between such Server and input and output devices. A Front End Processor includes network interfaces. • Refresh Cycle: * • Software Currency: most current maintenance *