Glossary: General Terms
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Modified on: Thu, 24 Aug, 2023 at 4:41 PM
General Terms
- 3-D Secure: Common technological standard (3 Domain Secure) of Visa and MasterCard, set up to make online credit card payments more secure. For commercial reasons, Visa and MasterCard use different brand names: Verified by Visa and MasterCard SecureCode.
- Aggregated Export: Tool to download aggregated payment data as CSV or XLS.
- AVS: Address Verification Service.
- BIN: Bank Identification Number.
- Chargeback: Reversal of a credit card payment. Chargeback is only possible after settlement to the merchant has taken place.
- Chargeback Analysis: Flexible tool to quickly spot anomalies in the volume and distribution of your chargeback transactions (also for a drill-down to analyse the causes of such anomalies).
- Chargeback Volume: The sum of the amounts of successful chargeback transactions for a given grouping and selection, given in the currency of the respective transactions.
- Chargeback Count: The number of successful chargeback transactions for a given grouping and selection.
- CSV: Comma-Separated Values, a simple file format for tabular data.
- Holder: Owner of a credit card, account etc.
- MSC: MasterCard Secure Code.
- Payment Analysis: Real-time tool to analyse aggregated payment data.
- Payment Method: A generic way in which a payment is carried out, for instance by PIN card, credit card, Internet banking, COD, premium SMS. When a payment method is not generic but specific, it is called a payment product.
- Payment Product: A specific version of a payment method used by a (commercial) provider, for instance Visa and MasterCard.
- PCI DSS: Payment Card Industry Data Security Standard.
- Rejected: Transaction was rejected by the Acquiring Bank (e.g. due to a blacklist).
- Risk Management: Peach Payments helps you analyse and develop your specific risk profile in order to develop a tailored risk management solution to protect you and your customers from fraud while minimizing the impact on “conversion” on your website.
- Risk Score: Result of all proceeded risk checks, weighted in risk logic.
- SSL: Secure Socket Layer. A method designed to ensure the safe exchange of Internet data between a website and your browser. The data are encrypted to ensure that nobody else can see or track them, for instance credit card data. As soon as you open a website with SSL, you are alerted by your browser, and a small key or padlock (depending on the type of browser you use) is visible as long as the security is operational. By clicking on the key or padlock you can check the authenticity of the provider.
- Success: Transaction proceeded as advertised and envisaged. The customer’s bank account debited and money credited to the merchant.
- Transaction Count: Number of a certain processed transaction type.
- Transaction Volume: Sum of the monetary amount of certain transactions.
- VbV: Verified by Visa.
- WPF: Web Payment Frontend.
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