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Terms
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Definitions |
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Merchant
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A merchant is effectively you, the customer. In this information the term
customer and merchant will be used interchangeably.
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Purchaser |
This will be your customer who purchases from you (The cardholder).
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API |
Application Programming Interface - This will allow website developers to call specific
functions on our Gateway servers to perform specific tasks such as to confirm a payment has been successful. |
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Pay Page |
A secure web page that can be access over the Internet that asks the purchaser for their
card details to purchase goods or services from the merchant. Each
Pay Page is customizable to the merchants requirements and therefore are different
for each merchant.
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Merchant Account |
MA - This is a merchant account specifically for use for authorising payments with an acquiring bank. |
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MOTO |
Mail Order / Telephone Order. Any orders taken over the telephone or via Mail
Order by a merchant and processed through their Merchant Account is classed as a
MOTO transaction. MOTO transactions
are carried out using the virtual terminal mechanism in an
EcomMerchant account. |
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3-D Secure |
This is the protocol (stands for 3-domain,
those being: purchaser;
merchant and bank) used to establish that
the payment being made is by the cardholder and not someone
who has found or stolen the card. This is achieved using
a one time password (OTP) that is sent to the cardholder
during purchase. |
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Payment Gateway |
A generic term to describe a business (such
as Total Web Solutions) that links the Internet network to the
banking network in order to facilitate payments. |
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Shopping Cart/ Basket |
This is a program that runs on a web server that collects information about products
or services a purchaser wishes to acquire before passing them purchaser to our payment
gateway. There are literally thousands of shopping baskets out there and Total
Web Solutions supports a number of these however if your shopping basket is not
listed we will work with developers to integrate it into our payment gateway. |
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Control Panel |
This is an administration tool that is available over the Internet that offers secure
management of your Internet Merchant Account.
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PCI |
Payment Card Industry - Is a standard setup to improve security of payments using
credit and debit cards. The standard is very stringent and Total Web Solutions
is accredited to the highest Level 1 standard. For more information about
the standard please visit the
PCI councils' web site. |
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PSD |
Payments Services Directive - The Payment Services Directive is an EU Directive adopted in 2007, administered by the European Commission to regulate payment services and payment service providers throughout the European Union and European Economic Area. A new version of the directive (PSD2) aims to enhance security through SCA (Strong Customer Authentication) criteria. See
here for more information. |
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OTP |
This is a One Time Password that is sent to
the purchasers' mobile phone during an authorisation. This is to
ensure that the person making the purchase is teh cardholder and
not someone who has stolen the card. |
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