The purpose of assigning a personal security password with 3-D Secure for online transactions is to ensure that only the cardholder can make use of it.


The financial institution which functions as the contractor that offers the merchant  payment processing services is the acquirer.

The marketing programs designed to generate customer traffic to a merchant’s website are known as affiliate marketing.

The fraud prevention tool designed to legitimate the use of a debit or credit card by means of verifying the card user’s billing address is known as AVS.


The interval between billings that facilitates the calculation of interests and costumer’s outstanding balance is known as billing cycle.

The practice of collecting information to detect deceitful buyers or high risk merchants with purpose of preventing fraud in e-commerce is what is known as blacklisting.


The permission given by the bank to transfer cardholder’s capital into the merchant’s account is known as card authorisation.

Holding the fund from a debit or credit card transaction until the full transaction is captured is called pre-authorisation.

The anti-fraud measure in a form of a three or four digit number placed on a credit or a debit card is what is known as Card Security Code (CSC).

The process of reversing a payment because a transaction has been disputed is what is known as chargeback.

The process of balancing profits and losses between card issuer and acquirer is known as clearing.

The cards that allow paying for products or services by borrowing money from a financial institution are known as credit cards.

The practice of requesting the customer’s bank a fund transfer is what is known as credit card capture.


The cards that work through the automatic deduction of available funds in a bank account to make a purchase are known as debit cards.

The money put into a bank account or retained in a bank is what is known as a deposit.

The electronic system which allows merchants to directly pulling funds from a customer’s bank account is what is known as Direct Debit.


The sales and purchases of goods and/ or services that are conducted through electronic networks such as the Internet is what is known as e-commerce.

The system that facilitates the processing of non-cash payment via electronic methods is what is known as E-Payment System.

The computerized system that is used to complete transactions is what is known as EPoS system.


The specific amount of money for which transactions that go beyond it require an authorization is what is known as floor limit.

In order to avoid transaction disputes and to make payment processing safer, it is necessary to put in place a series of fraud prevention tools.


The financial institution that grants debit or credit cards through the card associations is what is known as issuing bank.


The process of shifting loss for online commerce chargebacks due to fraud is known as liability shift.



The bank account through which companies are able to process debit or credit card payments is what is known as a merchant account.


The business model through which wholesalers and retailers sell merchandise online is what is known as the merchant model.


The payment done by making use of a mobile device is what is known as mobile payment.



The payment done by making use of a mobile device is what is known as mobile payment.


An organization that offers online payment solutions to businesses is what is known as Payment Service Provider.



The request of a transaction receipt is what is known as retrieval request


Rolling Reserve is a percentage of the transaction value held by an acquiring bank and then released on a scheduled basis to the merchant.



The uniform combination of characters that is assigned to creditors is what is known as SEPA Creditor Identifier.

The agreement between the debtor and the creditor to collect SEPA Direct Debit payment is what is known as SEPA Direct Debit Mandate.

The completion of a transaction by transferring the funds that correspond to each party to the transaction is what is known as settlement.  

A standard security technology for transferring encrypted data between a server and a browser is known as Secure Sockets Layer (SSL).