Banned Country List What is a Banned Country List? Banned Country List is a list of countries that have some restrictions in terms of business transactions or any other debit activity. These restrictions are in place due to specific bank...

Bank Identification Number The Bank Identification Number (BIC) is a unique identification code of a bank that is used for hastening the transactions and facilitating the whole procedure of payment. It is a bank details element containing information on the...

Back office dashboard Back office dashboard: Optimization of business processes of the society is a crucial component for any commercial structure. So, serious societies implement back-office programs for their workers in order to produce better results and make the whole...

API (Application Programming Interface) API (Application Programming Interface): In common terms, API can be described as a set of distinctly ascertained communication methods among various components. API is made of communication protocols, tools, and subroutine definitions, required for a building...

Address Verification Service (AVS) Address Verification Service is a service intended to verify the address of the cardholder for fighting fakement when shopping via the Internet or making some transactions. In other words, the Address Verification Service is an electronic...

Acquiring banks To begin with, acquiring is a banking product that enables service establishments and commercial organizations to accept the payment with plastic bank cards. So, what does the term of acquiring bank involve? An acquiring bank is entitled as...

Accounts Payable Audit Procedures Accounts payable audit procedures are the steps that auditors make to verify the quality and accuracy of balances and accounts provided to them by their clients. Audit procedures include different classes of accounts. For example, they vary by...

Abandonments Abandonments are customers who open the specific website, start signing up or making a purchase, but then, by some reason, leave the online shop without finishing checkout and buying anything. The reasons for such a behavior can be different...

3D Secure 3D secure is a protocol used in credit, debit, and other card transactions as an additional method of security. The technology was first deployed by Visa. Now it is also implemented by MasterCard and other networks. We recommend...