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RAM
Random Access Memory - short-term
memory for a computer or payment card terminal.
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Reason Code
A two-digit code identifying the reason a chargeback was initiated.
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Re-authorization (re-auth, add auth)
To request an additional amount to be authorized on an existing transaction. Used in the lodging industry when the
original authorization is not sufficient to cover the charges.
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Recurring Transaction
A transaction charged to a cardholder's account (with prior permission) on a periodic basis for recurring goods and
services, i.e., health club memberships.
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Referral
The message received from an issuing bank when an attempt for authorization requires a call to the Voice Authorization Center.
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Refund
A refund occurs when the merchant rebates all, or a portion, of an original transaction amount to the cardholder.
Refunds are made to the same card that was used for the original transaction. Similar to a Credit.
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Representment
An attempt to reverse a chargeback initiated by a merchant or acquirer to the issuing bank
that presented the chargeback, backed by supporting documentation.
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Retail Transaction
A face-to-face transaction in which the cardholder presents a card to the merchant to pay for goods or services.
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Retrieval Request
A request by the issuer to the acquirer for a copy of the original sales ticket.
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Reversal
When an acquirer successfully represents a chargeback to the issuer, the chargeback is reversed and the funds are
returned to the merchant.
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ROM
Read-Only Memory - memory and
information that cannot be changed.
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RS232
The standard port on POS device used to support a wireless transmission via VSAT, Frame, VPN or Motient. May also be used
with various peripheral devices i.e. Check Reader or Personal Computer.
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