Glossary
The “Payments Glossary” serves as a comprehensive guide to payment processing terms, offering clear and brief definitions across a broad spectrum of concepts related to transaction processing, diverse payment methods, and security measures. Designed to cater to both experts and newcomers in the payment industry, it aims to simplify technical language and foster a deeper understanding of the intricacies of digital payment environments.
A
- ACH Chargebacks
- ACH Debit
- ACH Network
- Acquirer
- Acquiring
- Acquiring Bank
- Address Verification
- Address Verification Systems (AVS)
- Agent
- Agent Agreement
- Agent Bank
- Agent ISOs
- Agent Payment Processing
- Agent Processor
- Agent Sales Team
- Aggregators
- Agnostic Gateway
- AI Agent
- Alternative Payment Methods (APMs)
- American Express (Amex)
- Amex OptBlue
- ApplePay
- Applied AI
- Authorization Code
- Automated Merchant Onboarding
C
- Card Issuer
- Card Issuing Bank
- Card-Not-Present
- Card-on-File
- Card-on-File Transaction
- Card Reader
- Card Validation Code (CVC)
- Card Validation Code 2 (CVC2)
- Card Verification Value (CVV)
- Card Verification Value (CVV2)
- Chargeback
- Chargeback Cycle
- Chargeback Fees
- Chargeback Fraud
- Chargeback Period
- Chargeback Ratio
- Chip Cards
- Chip Reader
- Closed Batch
- Closed-Loop Payment
- Consumer Cards
- Contactless Payments
- Convenience Fee
- Credit Card
- Credit, Return, or Refund
D
F
I
J
K
L
M
- Medium Risk
- Member Alert to Control High-Risk Merchants (MATCH)
- Member Bank
- Merchant
- Merchant Acquirer
- Merchant Account Reserve
- Merchant Account
- Merchant Agreement
- Merchant Bank
- Merchant Balancing
- Merchant Category Code
- Merchant Descriptor
- Merchant Fraud
- Merchant Identification Number (MID)
- Merchant Onboarding
- Merchant of Record
- Merchant Service Provider (MSP)
- Merchant Statement
- Mid-Qualified Rate
- Mobile Commerce
- Mobile Payments
- Mobile Wallets
- Multi-Currency
O
P
- PayFac-as-a-Service (PFaaS)
- Payment Facilitation
- Payment Facilitator (PayFac)
- Payment Facilitator Registration
- Payment Fraud
- Payment Gateway
- Payment Method
- Payment Orchestration
- Payment Orchestration Layer
- Payment Orchestration Platform (POP)
- Payment Processing Industry
- Payment Processing ISO
- Payment Processor
- Payment Reconciliation
- Payment Remittance
- Payment Service Provider (PSP)
- Payments Industry
- PCI Compliance
- Peer-to-Peer (P2P) Payments
- Per-Transaction Fee
- PIN-Based Debit
- Point-of-Sale (POS)
- Point-of-Transaction Terminal
- Point-to-Point Encryption (P2PE)
- Pre-Authorization (Pre-Auth)
- Prepaid Card
- Profit Sharing