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Glossary

2

2FA

Two-factor authentication(2FA) is a security process which requires users to provide two means of identification before accessing their account.

The two levels of security are your password and a unique special code generated by an authentication app, installed on your smartphone. The two most popular authentication apps are Google Authenticator and Authy.

If you have 2FA enabled, you will receive a temporary 6-digit code which can be used only for a very short period of time: about 20 seconds. After 20 seconds, the code will expire and a new code will be generated. The requirement to enter both your password and this 6-digit code makes your account better protected. Even if your password is compromised (make sure to never reveal it to anyone!), your account cannot be accessed without direct access to your mobile device.

You can enable 2FA from in account preferences.

3

3-D Secure

3-D Secure (3-domain structure), also known as a payer authentication, is a security protocol that helps to prevent fraud in online credit and debit card transactions. This additional security was initiated and created by Visa and MasterCard and it’s branded as ‘Verified by Visa’ and ‘MasterCard SecureCode’ respectively.

The payer authentication is a three-part process, so there are three parties involved in the process: the issuer (such as Visa or MasterCard), the acquirer, and the interoperability domain (such as payment system).

How 3D Secure works

When you, as a merchant, have 3D Secure enabled on your website and your customer uses the card that is enrolled in the 3D Secure program the process looks as follows:

  1. The customer enters their credit or debit card information in the payment form
  2. SecurionPay contacts a directory server and gets the message that the card is registered in the program
  3. The customer sees the 3D Secure page when they need to authenticate themselves to the issuing bank by entering the password or a one time PIN
  4. The result of the 3D Secure authentication goes to SecurionPay and then we submit transaction details to the acquiring bank
  5. The transaction is authorized by the acquirer
  6. The customer can see the response about whether the transaction is successful or failed

A

Access Scope

Account

Account Health

Account reconnecting

Acquiring Bank

Active Balance

Property of Currency account, that displays an available funds without overdraft.

Activity Log

Address Verification System

Affiliate Affiliate Bonus

Affiliate Marketing

Affiliate Network

Analytics

Annual Recurring Revenue (ARR)

Application Programming Interface (API)

Arbitration

Artificial Intelligence (AI)

Audit Log

Audit Log (Audit Trail) is a security-relevant chronological record, set of records, and/or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, or event related to user's profile.

Authorization Rate

B

Balance

Bank Identification Number (BIN)

Base amount

Base amount is the amount expressed in the base currency.

Base currency

Billing

Bulk Ordering

Bundling

Business Model

C

Callback

Callback is the request wich contains data about the certain entities, e. g. Operation with it's state, properties and request body.

Card Gate

Card Not Present (CNP)

Cart Abandonment

Cart Abandonment Rate

Channel Manager

Chargeback

Chargeback is the return of funds to a consumer, initiated by the issuing bank of the instrument used by a consumer to settle a debt. Specifically, it is the reversal of a prior outbound transfer of funds from a consumer's bank account, line of credit, or credit card.

Chargeback Rate

Checking Account

Checkout Churn Rate (Attrition)

Co-termination

Commerce Account

Commerce Scheme

Commerce Service

Configurable Retry Logic

Conversion Rate

Credentials

Credit Account

Credit Card

Credit Card Account Number

Credit Card Authorization

Credit Card Authorization Code

Credit Card Interchange

Credit Category

Currency Account

Customer Acquisition Cost (CAC)

Customer Relationship Management (CRM)

Customer Retention

D

Dashboard

Debit account

Debit category

Delayed Delivery Transaction

Deposit

Deposit Account

Digital Commerce (eCommerce)

Digital Wallet

Direct rate

Download Insurance Service (DIS)

Dunning Management

E

Electronic Storefront

Estimated Rate

Exchange Rate

Exchange Rate Scheme

Exchange Rate Source

Exchange Rate Type

Expired Card Handling

F

Fraud

Freemium

G

General Data Protection Regulation (GDPR)

Growth Hacking

H

Hard Decline

Hosted Payment Page (HPP)

Hypertext Transfer Protocol Secure (HTTPS)

I

Independent Sales Organization (ISO)

Integration

Intelligent Payment Routing

Inverted Rate

Issuing Bank

L

Ledger

Ledger scheme

Localisation

M

Marketing Automation

Member

Member Role

Member Status

Merchant

Merchant Account

Merchant Category Code (MCC)

Merchant Discount Rate

Merchant of Record

Monthly Recurring Revenue (MRR)

N

Net Promoter Score (NPS)

O

Omnichannel On-premises Operating Regulations

Operation

Operation resolution

Operation status

Organisation

Overdraft

P

Partial processing

Payment

Payment Card Industry Data Security Standard (PCI)

Payment Gateway

Payment Invoice

Payment Method

Payment Page

Payment Pre-Request

Payment Processor

Payment Request

Payment Route

Payment Service

Payment Service Provider (PSP)

Payout

Payout Batch

Payout Batch Item

Payout Gateway

Payout Invoice

Payout Method

Payout Method currency

Payout Point

Payout Request

Payout Route

Payout Service

Pending balance

Permission

Personalization

Point-of-Sale (POS)

Private Key

Provider Account

Public Key

Purchase Flow

Q

Quarterly Recurring Revenue (QRR)

Query

Quote Currency

R

Rate

Rate Resource

Rate Scheme

Recurring Revenue

Recurring Transaction

Reference ID

Refund

Renewal

Reserved balance

Reserved rate

Resolution

Response

Revoking

Routing scheme

Routing strategy

Routing strategy rule

S

Sales Channel

Sales Closing Ratio

Sales Receipt

Service

Service Amount

Service currency

Session

Shipping

Shopper

Shopping Cart

Shopping Cart Integration

Soft Decline

Software-as-a-Service (SaaS)

Split Payment

Split Payout

Statement

Status

Subscription

Subscription Lifecycle

Subscription Management

T

Tax (Sales Tax)

Token

Transaction Settlement

Transfer

Transition to Subscriptions Trial

U

Up-selling

Usage Billing

User

V

Vendor

Virtual Reality (VR)

Voice Shopping

Voice-activated Banking

W

Wallet

Webhook

Website

Whitelisted IP addresses

Withdrawal

Writeoff