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Credit Card
American Express, Discover, Visa and Mastercard have started working together on an infrastructure that lets leading US e-commerce sites accept one-click payments, so shoppers no longer need to type in all their card details.
ATM
The name given to the solution developed by NCR against card skimming and fraud. With SPS, the ATM network is protected from the cost and risks of skimming attacks, which cause over 2 billion dollars in global losses annually.
Credit Card
A combo card is a next-generation card that combines both a credit card and a debit card on a single card. Although designs vary visually, the front typically carries the credit card information and the back the debit card information.
Credit Card
CPV stands for Card Personalization Validation. It is Mastercard's term for the set of recommendations and instructions defined for the card personalization process. The equivalent for Visa is called GPR (Global Personalization Requirements).
Credit Card
CVV and CVV2 values are often confused by cardholders. CVV is printed on the magnetic stripe and used for card verification when the card is physically swiped through a POS; CVV2 is printed on the back of the card for e-commerce authorization.
Merchant & POS
In daily credit card purchases, the POS produces two receipts: the Customer Copy and the Merchant Copy. The cardholder gets the customer copy; the merchant keeps its own copy by law.
Credit Card
CVK (Card Verification Key) is the key information used to generate and verify CVV/CVC values, confirming their validity. It is kept as a pair of keys, CVK A and CVK B, encrypted under TMK, ZMK or LMK.
Credit Card
CVV is short for Card Verification Value, a term used by Visa. CVC is short for Card Verification Code, a term used by MasterCard. The CVV/CVC code is used for cardholder verification and to reduce fraud risk.
Credit Card
PVKI is the abbreviation for PIN Verification Key Index. It is located within the card's Track 1 and Track 2 data and is used in PVV calculation. It can take values from 1 to 6, usually defaulting to 1.
Credit Card
A special data set printed on a card's magnetic stripe, containing the card information required for authorization when the card is used physically. It consists of 40 numeric characters. The Track2 field structure includes several data fields such as length and description.
Chargeback
A chargeback is when a cardholder asks the issuing bank to refund a transaction made without their knowledge. It cannot be prevented entirely, but simple precautions can minimize the risk. Here is how the process works and what cardholders should do.
Credit Card
Track 1 is a special data set encoded on a card's magnetic stripe that contains the card information required for authorization when the card is used physically. It includes the cardholder name, card number, and expiration date.