Processor A processor is the partner in a payment transaction within the framework of a card business who takes care of providing the technical basis. It is responsible for ensuring that all payments are executed in a technically flawless manner. In addition, a processor takes over numerous other ancillary tasks from the acquirer or issuer […]

Prepaid Card A prepaid card is generally understood to be a card on which a credit balance is stored. Prepaid cards are used in various areas, including as a means of payment or as a SIM card for cell phones. In the payment sector, a prepaid card is a card that the customer purchases either […]

Pre-Authorization Pre-authorization is a term frequently used in payment transactions. The technical term usually appears when goods or services are paid for with a credit card. Pre-authorization is very often used when checking into a hotel or renting a car. Pre-authorization provides the seller of goods or services with the assurance that the amount in […]

POS The abbreviation POS stands for Point of Sale and has several meanings. In general, it refers to a point of sale. When it comes to the payment sector, a terminal device is referred to as a POS, which is required for credit card or EC card payments in retail stores. In online payment, there […]

PCI DSS – the Payment Card Industry Data Security Standard PCI DSS stands for Payment Card Industry Data Security Standard. This is a global security standard for credit card data. PCI DSS was developed by the PCI Security Standards Council (PCI SSC), a consortium of credit card companies Mastercard, Visa Inc, American Express, JCB International […]

Payment provider / Payment service provider Payment providers are companies that organize cashless payment transactions for their customers. In addition to the so-called classic payment service providers such as banks and credit institutions, there are now also an increasing number of companies that specialize in payment processing on the Internet and offer PayPal and other […]

Payment Solutions for your high-turnover online store Payment solutions are cashless payments in the field of e-commerce. There are currently over 40 different payment solutions in Germany. The most important of these are: Invoice, advance payment, cash on delivery, direct debit and credit card. Purchasing power in Germany is currently increasingly focused on online retailing, […]

Online Stores on Invoice Ordering in online stores is easy: the customer goes online, looks for the right item and puts it in the shopping cart. Payment is then made. But customers often have concerns about what happens to their money when they buy online and whether they will actually receive the goods they ordered. […]

Payment Lexicon The e-commerce and e-payment industry has already spawned its very own jargon. This is made up of many new word creations, mostly English expressions or their “Germanization”. The term e-payment is also made up of the terms “electronic”, shortened to “E”, and “payment”, which literally means electronic payment. The term generally refers to […]

Online Store Invoice: most popular payment method among customers The Purchase on invoice is the most popular payment method of customers on the Internet. For buyers, this form of payment is considered very safe, because they usually receive the goods or services first. Upon receipt, they can examine the products, conveniently check the invoice and […]

Online Store In the online store, also called web store, goods, digital products or services are presented and offered for sale. In this form of mail-order business, sales are largely handled via the Internet, from product presentation to the ordering and purchasing process. The initial proliferation of online stores began primarily in the book trade; […]

Online Payment System In 2013, every second German made at least one purchase online. Shopping on the Internet is particularly popular in the run-up to Christmas. The sellers and online stores accept different payment systems: Prepayment by direct debit, payments on account, by credit card and cash on delivery are certainly familiar to most people […]