6 terms
3D Secure is a card authentication protocol that lets the issuing bank verify an online shopper during checkout before a payment is authorized.
Apple Pay is a digital wallet and payment method that lets shoppers pay at checkout with tokenized cards authenticated by Face ID, Touch ID or passcode.
Checkout is the final stage of an e-commerce purchase, where the buyer confirms items, enters delivery and payment details and places the order.
Google Pay is Google's payment method that lets shoppers pay online and in stores with saved cards, passing tokenized card data to the merchant.
A payment gateway is the service that securely captures payment details at checkout and routes authorization requests from a store to the payment networks.
A payment processor is the company or system that routes card transactions between a merchant, the card networks and the banks, then settles the funds.