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Glossary

Our glossary's simplified explanations can help with understanding complex payment industry terms and processes.

Glossary Terminologies

3

3D Secure

A

Account Takeover Fraud (ATO)
Acquirer or Acquiring Bank
Acquirer Reference Number (ARN)
Address Verification Service (AVS)
Anti-Money Laundering (AML)
Application Programming Interface (API)
Arbitration
Artificial Intelligence (AI)
Authorization Request and Authorization Code
Authorized Push Payment (APP) Fraud
Automated Clearing House (ACH)
Average Monthly Sales Volume
Average Monthly Transaction Volume
Average Ticket Amount

B

Bank Identification Number (BIN)
Behavioral Analytics
Billing Descriptor
Biometric Spoofing
Biometrics
Blacklist (Negative List)
Business Email Compromise (BEC) Fraud
Business Verification
Bust-Out

C

Card Acceptor ID (CAID)
Card Associations or Card Networks
Card Brands
Card Security Code (CVC2, CVV2, CID)
Card Verification Value (CVV)
Card-Not-Present (CNP) Fraud
Card-Not-Present (CNP) or Card Absent Environment
Card-Present
CCPA Personal Information
Chargeback
Chargeback Monitoring Programs
Chargeback-to-Transaction Ratio (CTR)
Citizen Fraudster
Compelling Evidence
Control Effectiveness
Credit Card
Customer Due Diligence (CDD)
Customer Fraud
Customer Relationship Management (CRM)

D

Dark Web
Data Breach
Debit Card
Deep Learning
Deepfake
Dispute or Payment Dispute
Dispute Response
Disputes-to-Sales Transaction Count Ratio
Domestic Transfer
Dual Message System
Dynamic Currency Conversion (DCC)

E

Elder Fraud
Electronic Funds Transfer (EFT)
Electronic Money (E-Money)
Enhanced Due Diligence (EDD)
Enumeration

F

False Positive
FedNow
Fiat Money
Financial Institution
First-Party Fraud
Fraud Model
Fraud Ring
Fraud Rules (Risk-Monitoring Rules)
Friendly Chargeback Fraud

G

Global Sanctions List

H

High-Risk Merchant and High-Risk Merchant Accounts

I

Identity Risk Solution
Identity Theft
Identity Verification (IDV)
Independent Sales Organization (ISO)
Interchange Fee
ISO Agent
Issuer or Issuing Bank

K

Know Your Business (KYB)
Know Your Customer (KYC)
Knowledge-Based Authentication (KBA)

L

Limited Liability Company (LLC)

M

Machine Learning
Mastercard Excessive Chargeback Program
Mastercard SecureCode
MATCH List
Member
Merchant Account
Merchant Account Reserve
Merchant Category Codes (MCC)
Merchant Identification Number (MID)
Merchant Service Agreement
Monetary Instruments
Money Laundering
Mule Account
Multi-Factor Authentication (MFA)

N

Natural Language Processing (NLP)
Nested Account

O

Offshore (Offshoring)
One-Time Password (OTP)
Originator

P

Passwordless Authentication
Payment Card Industry Data Security Standard (PCI DSS)
Payment Fraud
Payment Gateway
Payment Processor
Payment Screening
Phishing Scams
Point-of-Sale (POS) Terminal
Politically Exposed Person (PEP)
Professional Fraudster
Promotional Abuse (Promo Abuse)

R

Real-Time Processing (RTP)
Recurring Billing or Recurring Transactions
Red Flag
Representment
Reputational Risk
Risk Appetite
Risk Assessment
Risk Rejects
Risk-Based Approach
Rule-Based Alerting Systems

S

Single Message System
Social Engineering
Software Development Kit (SDK)
Suspicious Activity
Suspicious Activity Report (SAR)
Synthetic Identity

T

Tax Fraud
Transaction Monitoring
Transaction Settlement
Two-Factor Authentication (2FA)

U

U.S. Government Denied Parties

V

VAR Sheet
Virtual Currency
Visa Account Attack Intelligence (VAAI) Score
Visa Acquirer Monitoring Program (VAMP)
Visa Claims Resolution (VCR)
Visa Secure (Formerly Verified By Visa)

W

Win Rate

3

A

B

C

D

E

F

G

H

I

K

L

M

N

O

P

R

S

T

U

V

W