Tag: mainframe

It is the card where the Issuer is tied up with any social service group (some orphanage, old-age home, CRY, etc.,) and for every transaction/s, certain % will be donated to the group.

It is the additional card offered to the relatives of customer card and for every transaction/s, certain points will be awarded.

It is the promotional card offered to a customer with good behavior history

It is the card where the Issuer is tied up with any other branded firms, through which every body get benefitted (ICICI Big Bazaar card, Citibank Indian Oil card, etc.)

It is the card where the Issuer is tied up with any social service group (some orphanage, old-age home, CRY, etc.,) and for every transaction/s, certain % will be donated to the group.

It is the additional card offered to the relatives of customer card and for every transaction/s, certain points will be awarded.

It is the promotional card offered to a customer with good behavior history

It is the card where the Issuer is tied up with any other branded firms, through which every body get benefitted (ICICI Big Bazaar card, Citibank Indian Oil card, etc.)

It is the slip that the customer will receive from the merchant when he does the credit card sale transaction

It is the slip that the customer will receive from the bank when he does the credit card sale transaction

It is the slip that the customer has to provide to the merchant when he does the credit card sale transaction

None of these

It is the minimum amount that will be requested to pay every year.

It is the minimum amount that will be requested to pay so that the customer will not go into delinquency

It is the spend amount of the customer that needs to be paid every month.

None of these

It is the date a particular transaction (retail/cash) was done.

It is the day of the every month on which the account will get cycle and the statement will get generated for that particular month.

It is the day every year on which the e-statement for a particular account is generated.

It is the day the account was opened.

It is an offer provided by the issuer to the merchants.

It is the plan which specifies the credit limit set by the issuer for a customer.

It is an offer provided by the merchants to the customer.

It is an offer provided by the issuer to the customer.

It is the plan which specifies the credit limit, set by the issuer, for the supplementary cards held by a customer.

It is the transaction detail(s) of the merchant that utilized the offers provided by the issuer.

It is the individual/consolidated transaction details of the customer that utilized the offers.

It is details of the supplementary credit cards held by the customer.

Upon Swiping, the POS machine only checks for the authenticity of the card (Fake or Genuine).

The customer details stored in the magnetic stripe will be sent to the system through POS to get the response for the transaction

Upon Swiping, POS machine validates the credit limit stored on the magnetic stripe and approves/rejects the transaction.

Swiping provides the merchant with all information needed for accounting purposes only.

Closed End Credit is a secured one time borrowing and paying back in installments till the balance is cleared. Revolving Credit is risk based continuous process of utilizing within the credit limit and pays back the requested amount.

Closed End Credit is a process of repayment which includes principal and interest paid on principal over a period of time. Revolving credit is a basic process of repayment of amount in equal installment over a period of time.

Closed End Credit is risk based continuous process of utilizing within the credit limit and pays back the requested amount. Revolving Credit is a secured one time borrowing and paying back in installments till the balance is cleared.

Closed End Credit will give a line of credit against which customer can borrow and make payments multiple times. Revolving credit can be treated as a separate loan and pay back money in easy and flexible installments.

Statement includes the following details for a Calendar Month 1)All the transaction done by the customer for a Calendar Month 2)

Statement includes the following details for that Cycle 1) All the transaction done by the customer for that Cycle 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5) Minimum Due Amount 6)Payment Due Date 8)Current cycle date 9) Cur

Statement includes the following details for the Previous Cycle 1)All the transaction done by the customer for the Previous Cycle 2)Late fees charged 3)Annual/Membership Fee charged4)Interest charged5)•

Both B&C

Minimum Due Amount 6)•Payment Due Date 7•Current cycle date 8)Current Due Amount 9)Past Due Amount 10) Payment details