Direct End-to-End Encryption (Direct E2EE)
DirectE2EE refers to data that is encrypted at the point of interaction (POI) and decrypted outside of the Point of Sale environment (at the processor).
PCI Validated Point-to-Point Encryption
PCI-validated P2PE solutions secure transactions by encrypting all data within a PCI-approved point of entry device, preventing clear-text cardholder data from being available.
PIN Pads
A PIN pad (PIN entry device) is a device used in a credit, debit or smart card-based transaction to accept and encrypt the cardholder’s PIN data.
Acquiring bank
An acquiring bank (also known as the merchant bank, merchant account provider, or acquirer) is a bank that manages the merchant’s account.
Transaction Fee
Transaction fees are fees that a processor charges the merchant associated with each credit card transaction.
Purchase Cards
Otherwise known as procurement cards or P-Cards, purchase cards are issued by employers that enable assigned staff to purchase products or services for the company’s purposes.
Payment Gateway
A security service that transmits credit card information from a buyer to a seller so credit-based purchases can be processed.
QuickChip
A specification enhancement implemented in Visa credit cards that streamlines the purchase process for cards with EMV (Europay, MasterCard and Visa) technology.
Credit Card Processing
A term used to refer to financial transactions paid with credit cards.
Debit Networks
Debit networks aren’t a single entity but a combination, including payment terminals, debit card issuers and processors.
