Terms tagged
E-commerce
POS, PMS, PCI, SCA. The acronyms behind running a business, in plain language.
35 terms · E-commerce
Topic context
E-commerce terms in one place.
Browse related definitions together when you are scoping a workflow, comparing vendors, or preparing a rollout plan.
All terms-
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.
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Card Not Present
Transactions where the card is not physically presented (e.g., online or in-app).
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CCPA (California Consumer Privacy Act)
California law granting consumers rights over their personal information and imposing duties on businesses.
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Chargeback
A forced payment reversal initiated by the cardholder’s bank after disputing a transaction.
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Compliance
Meeting regulatory, security, and contractual requirements for operating a product or service.
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Credit Card
Card that lets cardholders borrow up to a limit and repay later; funds settle via the issuing bank.
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DATEV Export
Export format for the German DATEV accounting system, used to transfer bookings and tax data.
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Debit Card
Card that pulls funds directly from a bank account at purchase time.
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Digital Wallet
Application that stores payment instruments and enables checkout with tokens or credentials.
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Disagio
A fee withheld by a payment provider from each transaction, effectively reducing the payout.
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Disbursement
Outbound payment from a platform to a recipient, such as payouts to merchants or gig workers.
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Embedded Finance
Embedding financial products (payments, cards, lending) inside non-financial apps.
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Fraud Detection / Risk Assessment
Tools and models that score transactions or accounts to block or step-up risky activity.
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GDPR (General Data Protection Regulation)
EU privacy regulation governing personal data processing, rights, and safeguards.
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GoBD (German bookkeeping and retention rules)
German rules for proper digital bookkeeping, retention, traceability, and exportable accounting records.
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Google Pay
Google’s wallet that tokenizes cards for contactless, in-app, and web payments.
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HIPAA
U.S. law setting privacy and security rules for protected health information (PHI).
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Hold on Funds
Temporary reservation of money before capture or payout, often for risk or authorization checks.
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Hosted Payments
Checkout pages hosted by a payment provider to collect payment details and handle compliance.
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Interchange Fee
Fee paid by the acquirer to the issuer on each card transaction; funds scheme incentives and risk.
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ISO 27001
International standard for information security management systems (ISMS).
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Issuer
Bank or fintech that issues payment cards to cardholders and authorizes their transactions.
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KYC / KYB (Know Your Customer / Business)
Identity and business verification required to onboard customers or merchants and prevent financial crime.
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Ledger
System of record that tracks debits and credits for balances, payouts, and fees.
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Merchant
A business that accepts payments for goods or services via card or alternative rails.
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Network Tokenization
Replacing card PANs with scheme-issued tokens to reduce fraud, improve authorization rates, and keep credentials current.
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Payment Processor
A service provider that routes payment data between merchants, acquirers, and schemes.
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PCI DSS (Payment Card Industry Data Security Standard)
Security framework that sets technical and procedural requirements for handling cardholder data.
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Peer-to-Peer (P2P) Payments
Transfers of funds between individuals, often via wallets or bank rails without a merchant in the flow.
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SOC 1
Audit report on controls relevant to financial reporting (SSAE 18).
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SOC 2
Audit report covering security, availability, confidentiality, processing integrity, and privacy controls.
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VAT (Value Added Tax)
Consumption tax applied on goods and services, collected at each value-add step.