GLOSSARY
SOC 2
Audit report covering security, availability, confidentiality, processing integrity, and privacy controls.
SOC 2 evaluates controls for the trust services criteria (security, availability, confidentiality, processing integrity, privacy). Common proof for B2B security due diligence.
Complements ISO 27001 and privacy frameworks like GDPR and CCPA. A Type II report covers operating effectiveness over a period.
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.