Single Message definition
Single Message means the method of processing a payment or cash disbursement transaction using a Card pursuant to which one (1) message is sent with respect to the payment or cash disbursement transaction, which such message authorizes and clears the applicable transaction for a final amount.
Single Message means the method of processing a payment or cash disbursement transaction using a Card pursuant to which one (1) message is sent with respect to the payment or cash disbursement transaction, which such message authorizes and clears the applicable transaction for a final amount. (t) “Territory” shall mean the fifty (50) states of the United States of America and the District of Columbia, but does not include territories or possessions of the United States of America. (u) “Volume” means the United States dollar volume for Applicable Transactions that are (i) dual-message, signature-based transactions (e.g., a non-PIN transactions); and (ii) made using a Debit Card.
Examples of Single Message in a sentence
A qualified Merchant under the Operating Rules may offer Visa Check Card II Cardholders the Visa Cash Back Services option under the following conditions: (1) the service is offered as a part of a purchase transaction, (2) the transaction is processed using a POS terminal with a PIN pad, (3) the PIN is used for Cardholder identification purposes, and (4) the transaction is processed through the Single Message System in accordance with the Operating Rules.