What are some industry terms I might see using Moov?

See our fintech dictionary for a complete list of terms.

Acquirer: A bank or financial institution that processes credit and debit card payments on behalf of a merchant.

Cardholder: The person to whom a payment card is issued.

Chargeback: A transaction disputed by the cardholder or Issuer, resulting in the reversal of the original transaction.

Issuer: A bank or financial institution that issues payment cards to consumers.

PCI DSS: Payment card Industry Data Security Standards, a set of security standards for organizations that handle cardholder information.

Tokenization: The process of replacing sensitive data with unique identification symbols that retain all the essential information without compromising its security.

AVS: Address Verification Service, a system used to verify the address of a person claiming to own a credit card.

CVV/CVC/CID: card Verification Value/Code, a security feature for card-not-present transactions.