Remittance Information
Remittance Information:
Information required by the biller to post customer bill payments effectively.
R
Regulation E
Regulation E:
The regulation, all amendments thereto and official interpretations thereof (12 C.F.R. part 205) promulgated by the Board of Governors of the Federal Reserve System implementing Title IX of the Consumer Credit Protection Act (15 U.S.C. § 1601 et. seq.) which is known as the Electronic Fund Transfer Act.
Regulation CC
Regulation CC:
The regulation, all amendments thereto and official interpretations thereof (12 C.F.R. part 229) promulgated by the Board of Governors of the Federal Reserve System implementing Title VI of the Expedited Funds Availability Act (12 U.S.C. § 4001 et. seq.).
Regional Network
Regional Network:
A network which processes debit transactions for financial institutions and retailers in a given geographic area. Regional networks are not part of the national interchange system.
Referral
Referral:
The message received from an issuing bank when an attempt for authorization requires a call to the Voice Authorization Center or Voice Response Unit (VRU).
Reference Number
Reference Number:
A twenty-three (23) position number assigned by the acquiring member and used to identify a transaction.
Recurring Transaction
Recurring Transaction:
A transaction charged to the cardholder (with prior permission) on a periodic basis for recurring goods and services, i.e., health club memberships, book-of-the-month clubs, etc.
Receipt
Receipt:
A hard copy description of the transaction that took place at the point-of-sale, containing at minimum: date, merchant name/location, primary account number, type of account accessed, amount, reference number, and an action code.
Rebate
Rebate:
An amount by which a debit to a STAR Cardholder’s Access Account is made smaller by an Acquirer Member in connection with an Eligible STAR Transaction initiated at a STAR Terminal.
Reason Code
Reason Code:
A code used to provide additional information to the receiving clearing member regarding the nature of a chargeback, subsequent presentment, fee collection, funds disbursement, or request for a source document.
