Payment Glossary

3D Secure adds an extra authentication step for online card payments, supported by brands like Visa Secure and Mastercard Identity Check.

An Acquirer Reference Number is a unique identifier assigned to every card transaction for tracking across payment networks.

An acquiring bank partners with businesses to enable the acceptance of credit and debit card payments.

AVS is a security tool that verifies the billing address entered by a customer against the address registered with the card issuer.

Authorization is the process where the card issuer approves or declines a transaction request from a merchant.

The Bank Identification Number (BIN) is the first 6–8 digits of a credit or debit card that identifies the issuing bank.

It’s the label or business name that appears on a customer's card statement after making a purchase.

Capture is the process of finalizing an authorized transaction, moving funds from the customer's bank to the merchant’s account.

Organizations like Visa, Mastercard, and American Express that connect merchants, acquiring banks, and issuing banks to process payments.

A transaction where the physical card isn't shown to the merchant, common in online, mobile, and phone purchases.