Mixed nouns that need to be known
1 payment method No card payment: refers to the product that the consumer only needs to submit the credit card number and expiration date, and does not need to swipe the card, and can complete the payment without the need for face-to-face transactions. Debit card one-click payment: It means that the user binds the account registered on the merchant's website with the debit card account. When the merchant's website makes the purchase, the company automatically initiates the deduction, and uses the Alipay account balance, cartoon, and quick payment. The fund channel, a payment method that can complete the service purchase only by confirming the mobile phone message, the process is similar to the in-game payment withholding. Fast payment: When the user purchases the goods, he does not need to open the online banking. Just provide the bank card number, account name, mobile phone number and other information. After the bank verifies the correctness of the mobile phone number, the third party payment sends the mobile phone dynamic password to the user's mobile phone number. The user can enter the correct mobile phone dynamic password to complete the payment. 2 individual illegal operations Stealing a card: When a bank card or credit card number and password were illegally stolen, a copy card was made. Mobile POS machine: mobile POS machine, also called mobile sales point, handheld POS machine, wireless POS machine, batch processing POS machine, application mobile sales in various industries. The mobile POS is an RF-SIM card terminal reader. The reader terminal is connected to the data server by means of CDMA, GPRS, TCP/IP or the like. Mobile phone card reader: A mobile phone card reader, similar to an external card reader, is mainly a tool for reading magnetic stripe card information, and transmits data through a 3.5mm audio jack. The mobile phone card reader itself does not have the function of payment. It is necessary to have the software of the payment channel to cooperate with the function of payment and receipt. TSM platform: literally means trusted service management. UnionPay TSM is a complete "air card issuance" and application management system based on "one card multi-application" technology. Through the TSM platform, the card issuer can safely and efficiently collect multiple financial smart card information on the mobile phone or the IC card, which is convenient for the user to carry and use, and is convenient for card issuance and management. Credit card refusal: It means that the cardholder can apply for a refund on the bill for a certain period of time after the payment (usually 180 days, some payment institutions may stipulate a longer period). Pet Backpack,Dog Carrier Travel Bag,Foldable Pet Dog Bag,Luxury Foldable Dog Bag Yangzhou Pet's Products CO.,LTD , https://www.paiqipets.com
In the payment industry, you may often come across some proper nouns, but you are ambiguous about specific concepts. To help you understand these concepts clearly, Xiaobian has compiled some terms for the payment industry, but it is a lot of benefits for you to pay for the payment industry!
Small amount of confidential payment: In the event of a third-party payment transaction, if the transaction amount is not large (generally less than 1,000 yuan), you can pay directly without entering the password.
B2B online banking payment: B2B online payment is a safe, fast and convenient online payment intermediary service provided by the bank for sellers and buyers in e-commerce activities, thus connecting sellers and buyers in e-commerce activities to ensure smooth flow of funds and accelerate The seller’s funds are returned to facilitate the buyer’s purchase and payment.
API interface payment: It is a new network payment program that integrates all the payment channels in the market and provides multiple channels for partners to realize resource sharing and risk sharing.
Centralized cashier: In the malls with many merchants, in order to develop members, develop various membership policies, and cultivate a stable customer base. Through unified cash collection, various promotional activities can be carried out to stimulate the purchase demand of sales people and boost market sentiment. Market development. The merchant agrees to pay the purchase price in one place.
AA Collection: “AA Collection†is an application based on WeChat payment in WeChat. Unlike the "red envelope", it can collect AA in some name (such as dinner, activities, class fees, etc.).
Pseudo-card: A pseudo-card refers to a card that is not used by the card holder, but a card that illegally flashes the card by copying the original card information through its technical means. The bank card records the cardholder's data code by the magnetic stripe on the card, and there is also a set of identification codes. If you connect with the card reader or use a card reader (side recorder) with a memory storage device, you can record the number of the real card by swiping the bank card on it.
Refusal: The payment by the payer to the payee after credit payment, for some reason refused to pay the purchase price (such as black card, stolen card, malicious payment, etc.).
Denial of transactions: mainly unscrupulous "cardholders" through POS, cash, false signatures and other means of POS transactions.
Side Recording: The side recorder is a card reader with a memory storage device that can read and record the cardholder's data and the magnetic stripe code of the magnetic card.
3 POS concept
Directly connected to POS: The POS terminal is directly connected to the UnionPay system. When POS consumption occurs, the transaction information is sent to the UnionPay host system first, and is automatically sent to the relevant issuing bank by the UnionPay system, and then the information is returned along the way.
mPOS: is a new payment product, which is connected with general intelligent mobile devices such as mobile phones and tablet computers, and transmits information through the Internet. The external device completes card reading, PIN input, data encryption and decryption, prompt information display, etc., thereby realizing payment function. Applications.
Hand brush: It is the mobile phone card reader, which is mainly to download a client on the mobile phone. After inputting the amount, you can swipe the card transaction on the mobile phone card reader. This is also a new popular payment method.
4 other terms explained
Phishing sites: Disguised as websites such as banks and e-commerce for stealing private information.
Debit card: refers to a bank card that does not have an overdraft function after depositing (or withdrawing cash). According to its function, it can be divided into a debit card (including a savings card), a special card and a stored value card. A debit card is a credit instrument with functions such as transfer settlement, cash access, and shopping consumption. Debit cards cannot be overdrawn. The debit card has the functions of transfer, cash access and consumption.
Quasi-credit card: refers to the bank issued, the cardholder deposits a certain amount of reserve funds as required, when the balance of the reserve account is insufficient to pay, the card can be overdrawn in the prescribed credit line.
Pre-authorization: Pre-authorization refers to the process by which a special merchant requests a cardholder's payment commitment from the card issuer through POS or other means.
Capital collection: refers to the service of collecting funds from the designated accounts of all subsidiaries of the group company to the accounts designated by the head office, also referred to as fund cleaning.
Separation of borrowing and lending: The so-called separation of borrowing and lending, simply put, is that when the cardholder consumes, he calls “credit card†and “debit cardâ€, and the merchant needs to pay different fees.
Replenishment: When a bill is issued, the order initiator obtains the correct payment result information through other remedial mechanisms, and corrects the payment status of the order to be consistent with the payment service provider.
Ordering: Refers to the transaction purchase order and voucher to confirm the authenticity of the transaction. Generally initiated by UnionPay, issuer or acquirer, service providers can also initiate
Sub-order: refers to the payment behavior of the same UnionPay card that purchases the same goods (or services) in the same terminal of the same merchant and has two consecutive transactions.
DCC: Dynamic Currency Conversion (DCC): The main function of the card is to accept the foreign card receipt business, the cardholder can use the currency of the foreign card account (non-RMB) for settlement. Compared with the traditional foreign card acquiring business, it is not only compatible with the former. And it has many advantages such as exchange rate adjustment.
A positive transaction: that is, a transaction has been set as a success flag in the terminal, but the accounting transaction package sent to the host has not received a response, that is, the terminal transaction has timed out. Therefore, it is not sure whether the transaction is successfully completed on the host side. In order to ensure the benefit of the user, the terminal resends the request to the host, requesting to cancel the flow of the transaction. If the host has successfully traded, the transaction is rolled back, otherwise the transaction is not processed. And then return the processing result to the terminal.
Pressing the card: The so-called "pressing card" should actually be called "offline trading", which is to print the card number on the shopping list. At the time of signing, there is a special pressure card machine, which is printed on the purchase order of carbonless copy, triple or quadruple, including merchant retention, cardholder stub, bank stub, and receipt stub. . The cardholder signs the corresponding location, and then the merchant asks the bank for authorization or check payment according to the amount (check whether the card is valid), and then manually fills in the amount in the amount column. After that, the merchant will send the card bank to the bank, and the bank will allocate funds to the merchant. The bank refers to the card issuer as a “direct purchase orderâ€.
Incoming and outgoing cards: In order to protect the security of user funds, users who use quick payment must follow the rules for entering and leaving the same card. The same card entry and exit refers to the user who uses the quick payment, and the recharged principal withdrawal will be returned to the original card.