Credit card glossary

It is an association of banks that govern the issuing and acquiring of Visa card transactions.

They are monetary loans that are not secured against a borrower’s assets.

It is a fee that is charged by the credit card-issuing company for certain transactions like withdrawing money from ATMs.

The actual date when a transaction happened using your credit card.

Any additional charges to a merchant’s standard processing fees. They are a result of non-qualified transactions of different communications methods.

A transaction’s position or standing. A transaction can be rated a success, a failure, or a pending transaction.

A tax levied on the price of a good or service is called service tax. The main purpose of this tax is to help fund government expenditure.

A computer or software program that provides services such as e-mail and web access to clients on a network.

Data (often stored as a text file) that is used by the SSL protocol to establish a secure connection. Security certificates contain information about who the certificate belongs to, who it was issued by, a unique serial number or other unique identification, valid dates, and an encrypted ‘fingerprint’, which can be [...]

Measures taken to keep something secure