|
knowyourpayments.com
|
0 earned Badges No badges were found
Definitions (31)
1 |
0
0
emv
EMV stands for Europay, MasterCard and Visa, and is technology introduced by these operators and governed by EMVCo. The chip technology uses encrypted dynamic information embedded on a microchip proce [..]
Meaning awaits approval from a moderator |
2 |
0
0
card present
When a credit or debit card is present for payment at a brick and mortar merchant location.
Meaning awaits approval from a moderator |
3 |
0
0
card not present
When a credit or debit card is not present for the payment transaction. Most often used in the e-commerce environment.
Meaning awaits approval from a moderator |
4 |
0
0
point of sale
In a brick and mortar store the location where payment transactions for goods and services take place. This can also be the payment screen for an e-commerce or m-commerce sale. In such instances POS a [..]
Meaning awaits approval from a moderator |
5 |
0
0
magnetic stripe
The stripe on the back of credit and debit cards that holds important account information including: cardholder name, zip code, CVV number (different from the one printed on the card) and account numb [..]
Meaning awaits approval from a moderator |
6 |
0
0
signature method
During a payment transaction, when a card is swiped, dipped or tapped and a signature is captured as a customer verification method.
Meaning awaits approval from a moderator |
7 |
0
0
chip
A small microchip which is embedded into a credit or debit card that stores dynamic data about an account holder. It is inserted into the point of sale payment terminal and then a corresponding PIN nu [..]
Meaning awaits approval from a moderator |
8 |
0
0
pin
A personal identification number which is unique to the card and known only to the cardholder. It is entered when a card is swiped or dipped into a card reader.
Meaning awaits approval from a moderator |
9 |
0
0
acquirer
A bank or financial services company, that has a relationship with the merchant, that processes the credit or debit card payment.
Meaning awaits approval from a moderator |
10 |
0
0
apple pay
Proprietary technology used by Apple devices to pay for goods and services in brick and mortar locations, in-app purchases, as well as in the e-commerce environment.
Meaning awaits approval from a moderator |
To view all 31 definitions, please sign in.