Non-Bank
Non-Bank:
In a payment system, a financial institution not offering retail banking services.
N
Non Face-to-Face Transaction
Non Face-to-Face Transaction:
Any transaction where the card is not presented, such as a mail order purchase.
Non Delivery Risk (NDX)
Non Delivery Risk (NDX):
A processed and cleared transaction charged to a cardholder’s account for full or partial payment for a product/service in advance of delivery/receipt of the product/service to the cardholder.
Node
Node:
The network telecommunication access point which can be accessed by the terminal dialing a ‘local’ telephone number, or a toll-free “950” or “800” telephone number for authorization.
No Show
No Show:
A charge processed by a hotel or motel when a cardholder fails to arrive within a specified time or fails to cancel the guaranteed reservation within a specified period. The words “no-show” must be written on the signature line of the sales draft.
No Convenience Fee Program
No Convenience Fee Program:
A program operated by STAR whereby Acquirer Members display the STARsf service mark on their ATMs and elect not to assess Convenience Fees to STAR Cardholders of other Members that are part of the program. This program applies to STAR ATM Transactions only.
Network Service Provider
Network Service Provider:
A terminal-centered system that allows the merchant to obtain authorization and/or data captured through the network. A third-party vendor who provides authorization network services such as Banknet, VISANet and NDC.
Network Business Day
Network Business Day:
The period of processing time from cutover to cutover. The Network Business Day may differ depending on the STAR Switch to which a Processor, Indirect Processor or Member is interfaced.
Network
Network:
Computers that are connected together.
Net Settlement
Net Settlement:
The settlement, through an actual transfer of funds, of the net effect of a series of financial transactions involving customers of two or more banks.
