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Worldline
2016 Registration Document
Annex I
Glossary
“3-D Secure”
VISA security standard enabling an issuer to authenticate cards used for online
payments. 3-D Secure is intended to replace Secure Electronic Transaction (SET).
“3G”
Third generation (3G) mobile telephony norm providing high-speed communication (up
to 2 Mbit/s, theoretically symmetrical) on 1.9 to 2.2 GHz frequencies.
“acquirer/acquiring bank”
Financial institution that enters into an agreement with an accepting party to acquire
data from card-based transactions and enter such data into the issuer’s settlement
system. A single financial institution may be both an acquirer and an issuer.
"acquiring processing”
Set of technical operations performed to carry out the acquirer’s activity, which may be
sub-contracted to a specialized company.
“acquiring”
Process by which an acquirer receives payment transaction data from an accepting
party, generally a merchant, pursuant to its agreement with such accepting party.
“authentication”
payment instrument, including its personalized security features.
Procedure that allows the payment service provider to verify the use of a specific
“authorization”
Approval or guarantee given by the issuer to the acquirer. The authorization implies that
the issuer will honor the transaction.
“big data”
messages, location data, activity logs and unstructured text from blogs and social
media, as well as the vast amounts of data that can be collected from machines of all
varieties. Companies increasingly seek to analyze and monetize big data in order to
better understand consumer behavior and market trends and generate new products
and marketing opportunities.
Refers to the massive amounts of information data that are generated and collected over
time that are often difficult to analyze using common database or information
management tools. The types of data include business transactions, e-mail and text
“bluetooth”
short-wavelength radio to simplify connections between electronic devices.
Wireless technology standard for exchanging data over short distances using
“chargeback”
An offsetting mechanism whose purpose is to reverse an initial payment or withdrawal
on the grounds that the transaction in question should not be processed due to the
accepting party’s failure to comply with security rules.
“clearance”
A mechanism permitting banks and financial institutions to carry out transactions. A
transaction always has a debtor and a creditor. Clearance is evidenced by accounting
entries recording the transaction. The credit to the creditor’s account is said to offset the
debit to the debtor’s account.
“closed loop payment card”
Payment card for which processing goes directly from the payment terminal to the card
issuer’s system without going through a third party.
“cloud”
Concept consisting of the transfer to distant servers of storage and data processing
traditionally held on local servers or the user’s hardware.
“CMS”/ “card management system”
Software for managing a fleet of cryptographic devices such as smart cards.
“commercial acquiring”
the proceeds, net of a “merchant service charge”, into the merchant’s account.
The business of acquiring, which consists in carrying out card payments made by a
merchant’s customers and includes receiving funds from issuing banks and depositing
“commercial processing”/ “processing”
Set of technical operations performed to carry out a merchant’s payment transactions.