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Credit Card Associations and Resources:



Authorization/Capture: The submission of credit card transaction to be processed by the merchant provider. This is used to check the fund’s availability on the credit card submitted. The authorized transactions are held in the terminal until the terminal is settled.


Batch: A collection of authorized transactions that have been made in a single day or time period.


Manual Batch: The merchant may initiate a settlement anytime on the terminal. A manual batch settlement will take any transactions in the terminal and submit them for payment into the merchant’s account. The merchant may want to batch after each shift thus sending multiple deposits to the bank in a single day.


Auto Batch: The terminal is programmed to communicate after midnight to the host/mainframe computer at the processing center. The authorized transactions are sent for settlement to the merchant’s bank account. Even if the terminal is set to auto close a manual batch may be done at any given time to empty the authorized transactions.


Charge Back: This is a charge declined from a customer or credit card holder. Your customers credit card issuer will handle the matter and you must show some proof that the services and/or products were delivered in the manner you both agreed upon. If the card holder wins, then the money is taken out of your merchant account.


Credit Card Fee (Discount Rate): This is the fee that is charged by Visa, MasterCard, Discover or American Express. The card associations have in excess of twenty interchange rate structures. We blend the rates into three categories: Qualified, Mid Qualified, and Non Qualified.


Qualified Discount Rate: This is the lowest possible rate. These transactions are swiped and it is the most secure form of transaction as the data is captured from the magnetic strip on the back of the card and sent with the transaction.


Mid Qualified Discount Rate: This transaction will occur when it is hand entered (non swiped, but with AVS/address verification service), settled after 24 hours of authorization, or a swiped level II corporate card.


Non Qualified Discount Rate: All non swiped corporate cards, paper based merchants, or transactions not settled within 48 hours of authorization.


Interchange: This is the rate that the processors are charged from the networks to actually process transactions.

Home Office - Service Center
Innovative Marketing Group, LLC (IMG)
7296 US Hwy. 76, Prosperity, South Carolina  29127
Main: (803) 364-4366      Fax: (803) 364-4367

CoCard is a registered ISO of Wells Fargo Bank, N.A., Concord, CA.


CoCard is a registered ISO/MSP of Fifth Third Bank, Cincinnati, OH, Member FDIC


Privacy Notice

In connection with your transaction, CoCard may obtain information about you and your business as described in this notice.


1.  We collect nonpublic personal information about you from the following sources:


Information we receive from you on applications and other forms.

Information about your transactions with us, our affiliates or other.

Information we receive from a consumer reporting agency (e.g. credit bureau).

2.  We may disclose all of the information we collect, as described above to companies that perform marketing on our behalf or to financial institutions with whom we have joint marketing agreements.  We may make such disclosures about you as a consumer, customer, or former customer.


3.  We may disclose nonpublic personal information about you as a consumer, customer or former customer, to non-affiliated third parties as permitted by law (i.e. the police or other government authority issuing a subpoena or litigants in response to a legal process).


4.  We restrict access to all nonpublic personal information about you to those personnel who need to know that information in order to determine your eligibility for products and services, and to provide you with products and services, and to others who are subject to confidentiality provisions and restrictions that prohibit the use of that information beyond performance of specified services.  To guard your nonpublic information we maintain physical, electronic, and safeguards that comply with federal standards.