Stakeholders Driving Payment Evolution and Digital Identity

Advanced Card Technology - Glossary of Terms

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EBT Electronic Benefits Transfer  
ECB Electronic code book  
EDAC Error Detection and Recovery  
EDI Electronic Data Interchange  
EEPROM Electrical Erasable Programmable Read-only Memory  
EMV Europay/MasterCard/Visa  
EMV ICC specifications Europay/MasterCard/Visa Integrated Circuit Card specifications for payment systems  
EMV terminal specification Europay/MasterCard/Visa Integrated Circuit Card Terminal specifications for payment systems  
EPROM Electrically Programmable Read-only Memory  
ETSI European Telecommunications Standards Institute  
Edge Burr Roughness on the edges of identification cards. For ISO standard cards they must be less than 0.08mm in size(defined in ISO7810).  
EFTPOS Electronic Funds Transfer at the Point of Sale. Any payment by a user at an Acceptor that is processed electronically.  
e-commerce Electronic commerce – The ability to buy and sell products and services over the Internet. Includes online display of goods and services, ordering, billing, customer service and all handling of payments and transactions.  
Electromagnetic Interference Interference to the operation of electronic equipment caused by currents induced by external electromagnetic fields.  
Electronic Benefits Transfer Payment of social security benefits by electronic funds transfer.  
Electronic Cash (ecash) An application in which electronic value (cash) may be exchanged by individuals, as opposed to individual to merchant. Value is decremented as used. ACT Canada
Electronic Credit Transfer Paperless funds transfer, initiated by the payer.  
Electronic Directory On-line data base that cross-references one piece of information with other information, e.g. parts lists, telephone directories etc.  
Electronic Funds Transfer A funds transfer that is sent electronically, either by telecommunication or written on magnetic media such as tape, cassette or disk.  
Electronic Funds Transfer at Point of Sale The technology and practice of making payments for goods or services by means of electronic funds transfer initiated at the point where the goods or services are purchased.  
Electronic Imaging The production of digitized images by opto-electronic means not involving immediate photographic recording.  
Electronic Mail A service allowing a computer user to send messages instantaneously to another user’s directory or mailbox.  
Electronic Payment Terminal A terminal accepting a payment instrument which results in electronic funds transfer.  
Electronic Point of Sale A point of sale or point of service equipped with electronic equipment for pricing and recording transactions but not necessarily incorporating functions for electronic funds transfer.  
Electronic Purse An application in an ICC able to store and manipulate an electronic value.  
Electronic Wallet Generally refers to integrated circuit card or super smart card capable of executing a variety of financial transactions and identification functions. More sophisticated than an electronic, purse, a wallet may include debit, credit, cash card, and other functions. Some people carry the analogy to a wallet further and envision a portable device with LCD display keyboard and reader/writer for a variety of cards. By this definition, the electronic wallet is a subset of the personal digital assistant (PDA) category of computer products.  
Embossed Hologram An holographic image is embossed on special foil that can be affixed to a plastic card.  
Embossing Raised characters on a plastic card.  
Emulator A program that allows one processor to simulate the instruction set of another processor or an electronic device that achieves this.  
Encipherment The process of transforming plaintext into ciphertext. ISO
Encoder System or equipment designed for the encoding of magnetic-striped plastic cards used to activate an ATM.  
Encryption The use of cryptographic algorithms to encode clear text data (e.g. PINs) to ensure that the clear text data cannot be learned.  
End Sentinel A character terminating the data characters on a magnetic track and immediately proceeding the longitudinal redundancy check.  
EPROM Electronically Programmable Read-Only Memory. A non-volatile memory technology that can be written to only once before being erased using ultraviolet light, after which it may be written to again.  
Error-correcting Code An error-detecting code designed so that certain classes of detected errors can be corrected automatically. Note that not all detectable errors are correctable.  
Error-Detective Code A digital code in which redundant bits are incorporated to allow transmission error to be detected.  
Exception A transaction that is not processed by the accepted rules, procedures and conditions.  
Expert System Computer system that has captured the expertise of one or more experts. Codification of IF-Then rules that an expert would use.  
Expiration Date The time beyond which a card, account, or application is not available for transaction use, unless an exception process is used to gain permission.