Glossary

The vocabulary of card payments.

Short, plain definitions of the terms acquirers, issuers and card schemes use, and what each one means for the way you take payments.

B

BIN (Bank Identification Number)The first 6 to 8 digits of a card number, which identify the card's brand, type, issuing bank and country.Read

M

MATCH listMastercard's database of merchants whose accounts were terminated by an acquirer for specific reasons, checked by acquirers during underwriting.Read

N

Network tokenA card-network issued replacement for a card number, stored by the merchant and updated by the network when the underlying card changes.Read

V

VAMP (Visa Acquirer Monitoring Program)Visa's program that monitors fraud and dispute levels against card-not-present volume, for acquirers and the merchants they board.Read

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