A cardholder authentication and anti-fraud protocol developed by Visa and MasterCard to safeguard card payment…
Access Control Server
A component of the Issuer Domain. It authenticates a specific card number related to card…
Account Receivable
A current asset representing money due for services performed or merchandise sold on credit.
Accountholder
A person holding an account which is charged at a bank or financial instituion.
Accountholder Authentication Value (AAV)
A term used by MasterCard in its 3-D Secureâ„¢ authentication process…
Acquirer
See: Acquiring Bank, Merchant Bank
A…
Acquiring Processor
A processor providing IT services (e.g. credit card processing, billing, reporting, settlement, and operational services)…
Address Verification System / Service (AVS)
A payment-related risk check introduced by Visa/Master Card. It compares numerical components of a customer's…
Affiliate
A bank operating in the card business via a principal licensee.
All-in-One Solution
The concept of combining different integrations in one process.
Application Service Provider (ASP)
A third party organization that manages and distributes software-based services and solutions to customers across…
ASP
Application Service Provider
Authorization / Preauthorization
Authorization of a credit card payment (reservation of an amount on the credit card).
Automated Clearing House (ACH)
The Automated Clearing House (ACH) Network is a US nationwide electronic payments system used by…
Automated Teller Machine (ATM)
A money dispensing cash machine typically abbreviated to ATM. A cardholder withdraws funds from his…
B2B
Business to Business
B2C
Business to Customer
Backend
A "backend" application or program serves indirectly in support of the frontend services, usually by…
Bank Card
A plastic card issued by a bank for electronic payment.
Bank Deposit
The balance of funds held in a bank account or the act of placing funds…
Bank Identification Number (BIN)
The first six digits of a credit card, debit card, or any charge card identifying…
Bank Identifier Code (BIC)
A standardized code used for cross border payments identifying a bank.
Bank Transfer
The electronic transfer of money between bank accounts.
Batch
A batch is an accumulation of separately executed payment transactions compiled and submitted for processing.
Batch Capture
A capture transaction performed in a batch run. A process that completes a transaction: The…
Batch Envelope
An XML-based batch message element. Each batch consists of an envelope and individual transaction elements.…
Batch Processing
See also: Real-time Processing A type of data processing where related…
BIC
See: Bank Identifier Code
BIN
See: Bank Identification Number (BIN)
Bookback
See also: Refund Transaction
A proprietary term describing a refund…
Business Case Signature
A unique code identifying a merchant's business case.
Capture
Booking a previous authorized amount.
Card Issuer
A bank that issues payment cards and manages cardholder accounts, authorizes transactions…
Card Not Present Transaction
A transaction where the card is not physically presented to the merchant, as in the…
Card Present Transaction
A card transaction where the buyer physically hands over his credit…
Cardholder Funds Transfer (CFT)
A procedure introduced by Visa which enables the merchant to deposit money directly on the…
Cash in Advance (CIA)
A payment method in which the buyer pays the seller for goods or services before…
Cash on Delivery (COD)
Payment in cash when the delivery is received.
Chargeback
A procedure whereby a Card Issuer can claim back a transaction amount (in part or…
Chargeback Period
The number of calendar days in which a member may charge sales back to the…
Checking Account
A bank account used for handling payment transactions (crediting and debiting of funds).
Credit
An arrangement between lender and borrower whereby the former lends money to the borrower who…
Credit Card (CC)
A plastic card bearing a number, the name of the cardholder, an expiration date and…
Credit History
Publicly available information about past non-payments of the consumer provided by official sources. Additionally credit…
Credit Scoring
A process determing the credit worthiness of a consumer by calculating a score from negative…
Creditor
The person/business that is owed money.
CVC2
Card verification code 2 (MasterCard)
CVD
Card verification data; a 3- or 4-digit number on the back of the credit card.…
CVV2
Card verification value 2 (Visa)
Data Verification
The alignment of data with the data entries in an existing database and the selection…
Deltavista
A company which carries out certain risk checks on transactions.
Descriptor
A predefined text which appears on the credit card statement, explaining where or with which…
Direct Debit (DD)
A type of Electronic Funds Transfer (EFT). A payment…
Dispute Management
The objective is to reduce dispute potential, recognize dispute signals, identify disputes and resolve disputes…
EFT
Abbreviation for Electronic Funds Transfer, a technology that authorizes a…
Electronic Banking
A process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar…
Electronic Funds Transfer (EFT)
A paperless transmission of data representing money in a certain currency by electronic terminal (computer,…
Electronic Merchant / eMerchant
A merchant who runs his/her business electronically via the Internet.
Expert Service
A customer advisory service by experts with different specialties.
Factoring
The purchase of debts, or account receivables in exchange for immediate payment at a discount.…
File Transfer Protocol
The most common way to upload and download data over the Internet from a central…
Fraud Protection
All measures implemented for avoiding Fraud cases.
Frontend
A computer program with a user interface used for the interactive input or the display…
Funding / Fund Process
The transfer of a monetary value from the cardholder's account to the electronic purse/issuer's float…
Gateway
A device used to connect two computers or networks.
German ISO 8583 Credit Card Protocol (GICCProtocol)
A protocol for the authorization of credit card transactions at the POS (Point of Sale)…
Graphical User Interface (GUI)
A program interface that makes a program easier to use. It takes advantage of visual…
Help Desk
A telephone service that provides information and assistance to users of an applications and processes.
Holdback
A fee held back from a merchant's credit card transactions to cover any possible, and…
Host
Web hosts e.g. are companies that provide server space, Web services and file maintenance for…
HTTPS-Post
A data format used to send data over an SSL connection to…
HyperText Markup Language (HTML)
A markup language designed for the creation of Web pages and other information viewable in…
HyperText Transfer Protocol (HTTP)
A request/response protocol in the World Wide Web that facilitates the transfer of hypertext-based files…
HyperText Transfer Protocol over Secure Socket Layer / HTTP over SSL (HTTPS)
A Web protocol that encrypts and decrypts user page requests as well as the pages…
ID
A unique identifier (typically alphanumerical) allowing for an unmistakable identification of a user, transaction etc.…
Interchange
A standard format for sharing or transferring data electronically between parties that do not share…
International Bank Account Number (IBAN)
A number designating a bank account used internationally.
Internet Service Provider (ISP)
A business or organization that offers users access to the Internet and related services.
IP Address
The term stands for Internet Protocol Address and describes a binary unique number used in…
IP Gateway
A device that converts data into Internet Protocol (IP) packets.
ISO
The International Organisation for Standardization.
Issuer
See also: Card Issuer
A bank which issues cards, receives the…
Issuing Bank
See: Card Issuer, Issuer
Java
An object-oriented programming language developed initially by Sun Microsystems.
Logfile
A file that lists actions that have occurred. Web servers e.g. maintain log files that…
Login
The process of accessing a computer by identification of the user in order to get…
LUHN
Test algorithm used for checking the authenticity of a credit card number.
Maestro
A trademark and service mark of MasterCard's debit card product range.
Maestro Card
A Debit Card issued by a licensee of Maestro International.
Mail Order
The buying of goods or services by mail.
Markup Language
Combines text and extra information like structure or presentation about the text. The best-known markup…
Merchant
A retail business or any person or company entering into a contractual agreement with an…
Merchant Account
A bank account established by a merchant to receive the proceeds of credit card purchases.…
Merchant Bank
see also: Acquirer, Acquiring Bank.
An organization/bank…
Merchant Identification Number (MID)
A unique number that identifies a merchant for reference purposes in transaction processes. It is…
Merchant Service Provider (MSP)
See also: Factoring.
A bank, or other company that provides…
Micro-payment
A term used for designating payments amounting to less than approx. € 5.
Money Order
An order to transfer money from one bank account to another.
MoTo
See also: Mail Order, Telephone Order.
mPayment / Mobile Payment
See also: Point-of-Sale Terminal (POS Terminal).
A point-of-sale…
Notification
A request for payment.
Offline
A term used to indicate that a transaction is not processed in real time
Online
A term used to indicate that a transaction is processed in real time (usually within…
Online Banking
Allows an account holder to obtain account information and manage transactions over the Internet.
Open Source
The term describes the practice of allowing general open access to software. This means that…
Outsourcing
Work performed in the value added chain of a company by people other than the…
Overdraft
The amount that is actually withdrawn in excess of the funds of the current account.
Payment Authorizing
Acknowledgement of a payment by PIN.
Payment Card
A card which can be used for paying goods and services without extended credit.
Payment Gateway
Network processing interface.
Payment Gateway Provider
A service provider that stores, processes, and/or transmits cardholder data for payment transactions.
Payment Service Provider (PSP)
Provides complex electronic payment services. He has the responsibility for the consumer and/or merchant contractual…
Payment Solution
A special solution for the exchange of payment data between two or more parties.
Perl
A general-purpose programming language originally developed for text manipulation. It is now used for a…
Personal Account Number (PAN)
A system-generated number of the end user (shopper). It is used as reference in the…
Personal Identification Number (PIN)
A numeric value that is used in certain systems to gain access, and authenticate the…
Plug-in
A computer program that interacts with another program to provide a specific function. Examples are…
Point of Sale Terminal (POS Terminal)
See also: Card-present Transaction.
An electronic device used by retail…
Portal
A website or service that offers a broad array of resources and services, such as…
POST
POST stands for a HyperText Transfer Protocol (HTTP) request.
Presentment
See also: Re-presentment.
A clearing record that an
Processing
The clearing of a transaction by a computer.
Processor
A computer service provider that processes credit card transactions and settles funds to merchants.
Re-presentment
See also: Presentment
A transaction initially charged back to the merchant…
Real-time Processing
See also: Batch Processing.
The instant (direct) processing of a…
Reconciliation
The process between Acquirer and Issuer confirming that the technical transaction data actually matches the…
Recurring Billing
See also: Recurring Payments, Recurring Transaction.
…
Recurring Period
Breaks down the duration of a subscription into smaller time units. These time units determine…
Refund Transaction
See also:Bookback
Like a bookback but without a reference to a…
Reports
Automatically generated reports of transactions, turnovers etc.
Risk Management (RM)
Certain transaction data is checked in order to minimize the risk of fraud.
Risk only
A transaction for which ONLY a risk check is made.
Scoring
A technique used to predict customer behaviour. In analyzing data selected from certain people, other…
Secure Server
A secure server guarantees the secure transmission of encoded data like e.g. credit card data…
Settlement
The act by which transactions are sent to the processor for payment to the merchant.…
Settlement Currency
The currency, in which a transaction payment is settled on an account.
SSL Certificate
An SSL Certificate consists of a public and a private key. The public key is…
Storno
Cancellation of a transaction (see also reversal).
Swift Code (Society for World-wide Interbank Financial Telecommunication)
An 8- or 11-digit alphanumeric identifier that uniquely identifies a financial institution. Used in international…
TA
See: Transaction
TAN
See: Transaction Number
Tax Identification Number (TIN)
A number required by the IRS (federal agency that collects income taxes in the United…
Telephone Order
The buying of goods or services by telephone.
Timeout
An interruption caused by a program or device that has not received any input in…
Transaction (TA)
A business matter which leads to a transfer of funds from one party to another.…
Transaction Currency
Currency in which a transaction is made.
Transaction Number (TAN)
A unique transaction ID generated by the merchant. This value will be returned by the…
Transaction Processing
See also: Real Time Processing A type of computer processing…
Transmission Control Protocol / Internet Protocol (TCP/IP)
The standard protocol for the exchange of data over the Internet. TCP monitors the connection…
UMTS
See: Universal Mobile Telecommunications System (UMTS)
Unicode Transformation Format (UTF)
A method of converting Unicode characters.
Uniform Resource Locator (URL)
A standardized format for pointing to information stored on a Web server.
Universal Mobile Telecommunications System (UMTS)
A standardized broadband, packet-based system for the transmission of text, digitized voice, video, and multimedia.…
UPA
United Payment GmbH.
VbV
Verified by VISA.
Virtual Terminal (VT)
An internet payment solution. Offered by companies such as United Payment (UPA).…
VT
See: Virtual Terminal.
Wire Transfer
An instruction for an electronic payment of funds by "wire" between financial institutions.
Withdrawal
The act of taking out money or other capital.
XML
Extensible Markup Language.
XML File
File that contains all transaction data. This file is passed on to the inatec server…