Category: Terminology

Dynamic Currency Conversion (DCC) is a service offered in the payments industry that allows customers to make purchases in their own currency when using a payment card abroad. It [...]

In the payments industry, a disputed transaction refers to a situation where a cardholder or customer questions the validity, accuracy, or integrity of a specific transaction made with their [...]

In the payments industry, a device fingerprint refers to a unique identifier generated from various attributes and characteristics of a device used for a payment transaction. It helps in [...]

In the payments industry, decline codes are specific codes provided by the issuing bank or card association when a payment transaction is declined. These codes indicate the reason for [...]

In the payments industry, currency conversion refers to the process of converting one currency into another when conducting a financial transaction. It is commonly used when a customer makes [...]

In the payments industry, a Code 10 Authorization refers to a specific type of authorization request made by a merchant to the card issuer when there is suspicion of [...]

In the payments industry, a chargeback threshold refers to the predetermined level of chargebacks that a merchant or payment processor can tolerate before certain actions or consequences are triggered. [...]

Chargeback arbitration, also known as second chargeback or representment, is a process within the payments industry that occurs when a merchant disputes a chargeback initiated by a customer. It [...]

In the payments industry, Cash Disbursement refers to the process of distributing cash payments to individuals or entities. It typically involves the issuance of physical currency, such as banknotes [...]

n the payments industry, a Cash Back Debit Transaction refers to a type of transaction where a customer can receive cash in addition to making a purchase using their [...]