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Terminology

Subscription offerSame as recurring billing.

Concept

Description

Company A merchant company
Blacklist Cards, clients, ip address or countries that are not allowed to process transactions
MOTO (Mail Order Telephone Order) Transaction made over the phone or email. Also know as Virtual Terminal.
3D-Secure 3-D Secure is designed to be an additional security layer for online transactions. It was developed by Visa.
Merchant The business exchanging some good or service.
consumer The cardholder
originator An originator is a technical entity that represents a descriptor.
Descriptor A descriptor is the name of the company that the consumer sees in his bank statement for any transaction
Recurring billing It is a periodic transaction processing on the cardholder account. Usually a monthly subscription.

 

 

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