Net Payment:
Payment to the merchant for sales drafts less credits minus the specified discount fee.

Net Revenue:
Discount income less interchange expenses.

Net Settlement:
The settlement through an actual transfer of funds.

Non-Bankcard:
A non-bank company that deals directly with the cardholder i.e.: American Express, Diners, Discover, Carte Blanche and JCB.

Non Face-to-Face Transactions:
Any transaction where the card is not present at the time of the sale.

Non-Qualified Rate:
A fee that applies to all retail, mo/to, internet items without an AVS match, AVS Request, delayed or incomplete transactions/batches/batch settlements for foreign cards, business cards and or corporate cards.

Notification:
A message where the sender notifies the receiver of an activity taken, requiring no approval or response.

No show:
A charge processed by a hotel or motel when a cardholder fails to arrive at a certain time or fails to cancel a guaranteed reservation with a certain timeframe. The wording “no show” must be written on the signature line of the sales draft.