GLOSSARY
ISO 27001
International standard for information security management systems (ISMS).
ISO 27001 defines requirements for an ISMS, covering risk management, policies, and controls (Annex A). Certification demonstrates a systematic approach to protecting information.
Often paired with SOC 2 and privacy laws like GDPR or CCPA. Continuous risk assessments and internal audits are required to maintain certification.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.