Worldline - 2019 Universal Registration Document

APPENDIX Definitions

Business terms H.2.4

“3-D Secure”

VISA security standard enabling an issuer to authenticate cards used for online payments. 3-D Secure is intended to replace Secure Electronic Transaction (SET). Third generation (3G) mobile telephony norm providing high-speed communication (up to 2 Mbit/s, theoretically symmetrical) on 1.9 to 2.2 GHz frequencies. Financial institution that enters into an agreement with an accepting party to acquire data from card-based transactions and enter such data into the issuer’s settlement system. A single financial institution may be both an acquirer and an issuer.

“3G”

“Acquirer/acquiring bank”

“ Acquiring Processing ” Set of technical operations performed to carry out the acquirer’s activity, which may be sub-contracted to a specialized company. “Acquiring”

Process by which an acquirer receives payment transaction data from an accepting party, generally a merchant, pursuant to its agreement with such accepting party.

“API”

Application programming interface.

“ATM”

Automated teller machine.

“Authentication”

Procedure that allows the payment service provider to verify the use of a specific payment instrument, including its personalized security features. Approval or guarantee given by the issuer to the acquirer. The authorization implies that the issuer will honor the transaction. Refers to the massive amounts of information data that are generated and collected over time that are often difficult to analyze using common database or information management tools. The types of data include business transactions, e-mail and text messages, location data, activity logs and unstructured text from blogs and social media, as well as the vast amounts of data that can be collected from machines of all varieties. Companies increasingly seek to analyze and monetize big data in order to better understand consumer behavior and market trends and generate new products and marketing opportunities. Wireless technology standard for exchanging data over short distances using short-wavelength radio to simplify connections between electronic devices. An offsetting mechanism whose purpose is to reverse an initial payment or withdrawal on the grounds that the transaction in question should not be processed due to the accepting party’s failure to comply with security rules. A mechanism permitting banks and financial institutions to carry out transactions. A transaction always has a debtor and a creditor. Clearance is evidenced by accounting entries recording the transaction. The credit to the creditor’s account is said to offset the debit to the debtor’s account. Payment card for which processing goes directly from the payment terminal to the card issuer’s system without going through a third party. Concept consisting of the transfer to distant servers of storage and data processing traditionally held on local servers or the user’s hardware.

“Authorization”

“Big data”

“Bluetooth”

“Chargeback”

“Clearance”

“Closed loop payment card”

“Cloud”

“CMS”/“card management system”

Software for managing a fleet of cryptographic devices such as smart cards.

“Commercial acquiring” The business of acquiring, which consists in carrying out card payments made by a merchant’s customers and includes receiving funds from issuing banks and depositing the proceeds, net of a “merchant service charge”, into the merchant’s account.

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457 Universal Registration Document 2019