A procedure allowing a card issuer to claim back a transaction amount (in part or in full). A
chargeback occurs when a cardholder disputes a card transaction with the card issuer.
The
card issuer then contacts the acquirer and initiates a chargeback against the merchant account.
An Internet payment method with an online account for secure, easy and swift payment of
goods and services (streamings, downloads and subscriptions etc.) worldwide.
Card Not Present. A type of online card transaction where the card used to make the payment
is not physically presented to the merchant (like in e-commerce or MOTO payments).
Wirecard corporate customers can issue payment cards displaying their own corporate logo in
a number of designs. Co-branded cards can be ordered at short lead times and low quantities.
Security feature (Card Verification Code 1, Card Verification Value 1) encoded on the magnetic
stripe of a credit card. It is used when the card is physically presented at a POS.
A 3-digit or 4-digit security code printed on the back or the front of credit cards. It is used in
Card Not Present (CNP) transactions. Card Verification Code 2 = MasterCard, Card Verification
Data = American Express, Card Verification Value 2 = Visa.