What does 'IC*' stand for?

SammenForLivet2

Hello there!

Silly question here- On some of my payments, by way of VISA debit or Credit card, they go thru as 'IC*MERCHANTNAME'.

I've asked my society on the off-chance they know, but the only thing they could think of - is it could be something like PayPal, which goes thru as 'PayPal*MerchantName'.

Anyone know? Thanks for your help.

eskbanker

Couldn't be 100% certain but imagine it relates to the use of a chip (Integrated Circuit) card, see http://en.wikipedia.org/wiki/EMV

reclusive46

eskbanker wrote: »

Couldn't be 100% certain but imagine it relates to the use of a chip (Integrated Circuit) card, see http://en.wikipedia.org/wiki/EMV

When referring to the transaction methods its generally ICC for chip cards, S when a magnetic stripe card is swiped and CT or C for contactless transactions. It would also be bizarre to show the entry method on the statement.

Can you give us an example of a merchant that you've seen this on?

SammenForLivet2

Sure: PURCHASE - DOMESTIC 08004402822 IC *DELIVERYDEALS.CO.U

&
PURCHASE - DOMESTIC 35314369001 IC *MYCITYDEAL

Hazzanet

I'm guessing they put their payments through a payment processor; much like PayPal would show "PAYPAL*Fred Bloggs" on a statement.

Anthorn

Interchange Category

Or you bought an Integrated Circuit

Game_Over

macfamilyent wrote: »

Sure: PURCHASE - DOMESTIC 08004402822 IC *DELIVERYDEALS.CO.U...

IC *DELIVERYDEALS.CO.UK (Telephone Support: 0800 440 2822) is the billing descriptor that will be listed on your statement when you are charged a membership fee.

http://www.deliverydeals.co.uk/About/Faq