| UDCC |
Direct Connect of Virginia, a
Virginia corporation, formed in 1994 by Lonnie D. Gaddy
and Carlos Gavidia. Sales partners with NPC and EPS. |
|
NPC |
National Processing Company. Processes all debit,
credit, and check transactions for most DCC customers.
Located in Louisville, KY. Number 2 processor in
country. |
|
EPS/Concord |
Electronic Payment Services
Inc./purchased by Concord. Processes all ATM
transactions for DCC customers. Located in Wilmington,
Delaware. Number 1 ATM processor in country. |
|
Northern Leasing |
Exclusive leasing company used by DCC
for all credit/debit POS leases. Partner with NPC and
located in New York. Automatic lease approval, no
pre-qualifying for NPC accepted merchants. Leasing
program called SureLease. |
|
Triton Systems |
Number 1 ATM equipment
provider in the country. Located in Long Beach,
Mississippi. |
|
|
|
ATM |
Automatic Teller Machine (DCC sells only cash
dispensing ATMs – they will not accept deposits.)
|
|
ATM/Debit Card |
Automatic debit to consumer’s checking account when
used. Extends no credit and can only be used if money is
in the consumer’s account. Can be used at ATM machines
and POS equipment with a pinpad – pin number required. |
|
Auto-Close |
Term used when credit card terminal automatically closes
at a specified time at time and deposits transactions at
the processor, enabling funds to be transferred into the
merchants’ bank account. Most merchants set up on
auto-close. Exception: merchants accepting tips. |
| Charge
Back |
Term used when consumer unable to settle a return/refund
on a credit card transaction. Consumer calls credit card
issuer to charge back the sale to the merchant and act
as a mediator in resolving the dispute. A charge back
fee is charged to the merchant if merchant is found at
fault. |
