E-Commerce words Glossary
There are 15 names in this directory beginning with the letter C.
The act of converting the authorization amount into a billable transaction record. Transactions cannot be captured unless previously authorized, and authorizations should not be captured until the goods or services have been shipped or transmitted to the consumer.
An electronic affidavit, issued by a trusted organization, like a bank, that vouches for the identity and the authority of an individual or business to conduct any transaction over the Internet.
A Certificate Authority can be an issuer of Security Certificates used in SSL connections, as well as a trusted third-party organization that can verify the identity and origin of a person or organization. These institutions issue digital certificates directly to end-users or to other certificate authorities allowing them to also issue digital certificates. A certificate authority, such as Thawte or VeriSign, vouches for the identity and the authority of an individual or business to conduct transactions over the Internet.
The process of taking back, or debiting, the merchant’s credit card funds after the funds have been paid to the merchant. This occurs when a customer disputes a credit card transaction. The merchant must respond to the charge back and provide proof that the product or service was provided to the customer.
A bank account that the account holder can draw checks against without giving prior notice or having a passbook.
The process a check goes through to validate and transfer funds between banks. An electronic check will clear in the same manner as a paper check.
Common Gateway Interface (CGI) Script
A computer program that allows web servers to forward requests for processing to other programs, which then return their results to the web server.
The extension of funds issued by a bank that allows a consumer to purchase goods or services from a merchant. The consumer then pays back the bank either in full or in installments, at an interest rate determined by the bank.
A bank-issued card that allows consumers to purchase goods or services from a merchant on credit.
Credit card gateway
A reference to both the actual machine and the company hosting the credit card gateway server, acting as a middleman between the ecBuilder merchant and the merchant bank. The Credit Card Gateway passes data between the merchants business Web site and the banks.