An integrated solution by SafeCharge that covers all aspects of Payment Services as required by businesses.
PAY.COM prepaid card:
SafeCharge’s branded prepaid MasterCard, PAY.COM, provides a virtual card as well as physical card that supports chip & pin, contactless payments and NFC.. Consumers are able to top-up their account with cash, top-up vouchers through retail terminals, bank account transfers and credit/debit cards.
An authorisation process where the card being used for payment is charged with the value of the product being purchased.
Payment Card Company
A company which owns trademarks of payment cards (credit, debit or prepaid cards) that process and transmit cardholder data.
Payments Platform (“Gateway”)
A connectivity hub that links merchants to a network of acquiring banks as well as global and local alternative payment providers. A payment platform also provides merchants with transaction management, reporting and billing services.
Payment Page (“Checkout page”)
In order to make a deposit or payment, customers input data into an online web based payment page (checkout page), hosted by SafeCharge.
The capability of accepting payments while being compliant to all the regulatory norms.
The capability of paying out to one or more entities of businesses while being compliant to all the regulatory norms.
Payment limits can be customised based on the merchant’s business model, based on transaction elements, per single transaction, or per aggregate transactions over a predetermined time frame and other factors.
PCI DSS (Payment Card Industry Data Security Standard) is a security standard created jointly by VISA, MasterCard, Discover and American Express, and is a widely accepted set of policies and procedures used to optimise the secureness of credit, debit and cash card transactions and protect cardholders against misuse of their personal information.
Personal Identification Number (PIN)
A number which is allocated to a single card that enables the cardholder to confirm a POS payment or access to their account at a POS terminal.
The activity of defrauding an online account holder (password harvesting fishing) by using fictitious websites and posing as a legitimate company.
Is an electric devices that enables a cardholder to enter his or her personal identification number (PIN) at a terminal.
Integration of the checkout page and Payments Platform to industry-specific platforms.
Point-of- Sale (POS)
The location where the customer makes a purchase.
An electronic system that accepts financial data and transmits that data to a computer or authorisation network for reporting activity, authorisation and transaction logging.
An electronic device placed in a merchant location that is connected to the bank’s system or authorisation service provider via telephone lines and is designed to authorise, record and forward data by electronic means for each sale.
Pre-arbitration, also known as second chargeback, occurs when the merchant disputes the initial chargeback of the cardholder, and the cardholder does not agree with the merchant, which results in the chargeback being disputed again.
A card on which a monetary value can be loaded in advance and stored either on the card itself or on a dedicated account on a computer. These funds can be used by a cardholder to make purchases. The card has all the features of a standard credit card and mostly licensed by VISA or MasterCard on a prepaid basis.
An entity in the credit card processing network that handles the posting of transactions for authorisation, clearing and settlement to consumer credit card accounts at the card associations and the settlement of funds to merchant bank accounts. Processors may also provide merchants with billing and reporting services.
PSP, Payment Service Provider
A company which receives electronic payment transactions for merchants by a variety of payment methods and authenticates the payments, processes them also provides the merchant with the corresponding software if required.