Mastercard BIN Range
The first six digits of your account number, otherwise known as the Bank Identification Number (BIN), determine how transactions are routed and identify your issuing bank.
Masterpass
Masterpass is a digital wallet that allows you to check out faster by storing all of your payment and shipping information in one secure location.
Offline Transaction Processing
Offline Transaction Processing is a payment method that uses a debit card to transfer funds from a checking account to a merchant across a digital credit cardnetwork.
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.
