An amount that Visa and MasterCard have established for single transactions at specific types of merchant outlets and branches, above which additional authorization is required.
A security alert placed on a credit card account or credit bureau listing by either the customer of the issuer when a fraudulent account activity is either experienced or suspected (also known as a credit freeze).
A transaction unauthorized by the cardholder of a bankcard. Such transactions are categorized as lost, stolen, not received, issued on a fraudulent application, counterfeit, fraudulent processing of transactions, account takeover or other fraudulent conditions as defined by the card company or the member company.
The process of the acquirer paying the merchant, after the acquirer receives payment from the issuing institution.