E-Commerce | Payment Gateway |
Cryptocurrency | Mobile Wallet |
Fraud Prevention | Chargeback |
Digital Currency | Two-Factor Authentication |
A service that authorizes credit card or direct payments for online businesses. | The buying and selling of goods and services over the internet. |
A digital wallet that allows users to make transactions using their smartphones. | A digital or virtual currency that uses cryptography for security. |
A refund initiated by the issuing bank for a disputed charge on a credit card. | Measures taken to reduce the risk of fraudulent activities in online transactions. |
An extra layer of security used to ensure that people trying to gain access are who they say they are. | A form of currency that is available only in digital form, without a physical counterpart. |
Merchant Account | Paypal |
Shopping Cart | Digital Wallet |
Recurring Billing | Peer-To-Peer Payments |
Alternative Payment Methods | Escrow Service |
An online payment platform that supports online money transfers and serves as an electronic alternative to traditional payment methods. | An account that allows businesses to accept payments via credit or debit cards. |
An electronic system that stores payment information and passwords for numerous payment methods and websites. | A software application that enables customers to add products and proceed to checkout for payment. |
A payment system that allows individuals to transfer funds to one another using mobile apps or online platforms. | A system that allows businesses to automatically charge customers on a predetermined schedule. |
A financial agreement where a third party temporarily holds funds until a transaction is completed. | Payment options outside of the traditional credit/debit card transactions, including cryptocurrency and direct bank transfers. |
Fraud Prevention Tools | Authentication |
Security Token | SMS Verification |
Authenticator App | Biometric Authentication |
One-Time Password (OTP) | Phishing |
The process of verifying the identity of a user or device. | Technologies and strategies implemented to detect and prevent unauthorized transactions. |
A method of confirming a user's identity by sending a one-time code via text message. | A physical device or software application that generates a unique code for authentication purposes. |
A security process that uses unique biological traits, such as fingerprints or facial recognition, for identity verification. | A mobile application that generates time-based or event-based codes for authentication. |
A fraudulent attempt to obtain sensitive information by disguising as a trustworthy entity. | A password that is valid for only one login session or transaction, enhancing security. |
Password Strength | Account Recovery |
Debit Card | Credit Card |
Contactless Payment | Chip Card |
Magstripe Card | EMV |
The process of regaining access to a locked or compromised account, typically using backup methods. | A measure of how secure a password is, often based on length and complexity. |
A card that enables the holder to borrow funds to pay for goods and services, with the obligation to pay back the borrowed amount plus interest. | A card that allows the direct withdrawal of funds from a checking account. |
A card embedded with a microprocessor that provides enhanced security for electronic transactions. | A transaction method that allows payment by simply tapping a card or mobile device against a terminal. |
A global standard for card payments that enhance security through chip technology. | A card that contains a magnetic stripe on the back used to store account information for swiping transactions. |
Virtual Card | Magnetic Stripe |
Card Reader | Transaction Encryption |
Card Skimming | Skimmer |
PIN Capture | ATM Fraud |
A stripe on the back of a card that encodes data and is read by swiping the card through a reader. | A digital payment card generated for online purchases, providing enhanced security for transactions. |
The process of encoding transaction data to protect it from unauthorized access during processing. | A device that captures data from cards for the purpose of processing transactions. |
A device placed over card readers to collect card data. | The illegal practice of capturing personal information from bank cards. |
Criminal activities involving the manipulation of automated teller machines. | The process of obtaining a user's personal identification number through fraudulent means. |
NFC | Payment Terminal |
Contactless Card | |
A device used by merchants to process transactions from contactless payment methods. | A technology that allows for short-range communication between devices, enabling contactless payments. |
A payment card that can make transactions by simply tapping it near a payment terminal. | |