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Glossary

All the terms from the DIMOCO website

Learn the ins and outs of the most important payment terms and get the knowledge you need to succeed.

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Payment Method	Term	Explanation
Cards & APMs	3-D Secure (3ds)	Technical standard that enhances the security of online transactions done by credit or debit card.
Cards & APMs / Carrier Billing	API	Stands for "Application Programming Interface", refers to a collection of programming tools that facilitates communication between programs or an operating system, empowering software developers to craft their own applications.
Cards & APMs	APMs (Alternative Payment Methods )	Refers to all forms of payment that do not rely on debit or credit cards as the primary means of transaction. These methods encompass a wide range of options, including digital wallets, bank transfers, carrier billing, cryptocurrencies, and various other non-card-based payment solutions.
Cards & APMs	Acquirer	Financial entity responsible for handling credit and debit card transactions on behalf of card issuers.
Cards & APMs / Carrier Billing	ATV (Average Transaction Value)	Represents the average amount of money a customer spends on a single transaction.
Cards & APMs / Carrier Billing	Authorization	Is the procedure for validating the authority (e.g. issuing bank for credit/debit cards, MNO for carrier billing) to complete a transaction.
Cards & APMs	Blended Pricing	Pricing model where payment processor charges overall markup that stays stable regardless of the card type, bank, card scheme and so on.
Cards & APMs	Card Issuer	A card issuer is a financial institution, such as a bank or credit union, that provides credit or debit cards to consumers. Card issuers are responsible for managing cardholder accounts, processing transactions and providing customer support related to their issued cards.
Cards & APMs	Card schemes	Refer to payment networks associated with payment cards, including debit and credit cards, which banks and other qualified financial institutions can join as members.
Cards & APMs	Cardholder	A cardholder is an individual who conducts a transaction within the merchant's business.

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