Merchant, Partner | Organization which has signed a payment acceptance agreement with Portmone.com |
Buyer, Client or Customer | A person who visits the Merchant's Online Store in order to learn about the range of goods (services) and to make a purchase |
Card, Payment Card | Payment cards of Visa, Mastercard international card associations and the National payment system PROSTIR |
Authorization | The process of giving access rights or other powers to the Buyer, program or process |
CVV2/CVC2 | CVV2 (Card Verification Value 2) is a three-digit card security code that helps to verify legitimacy of a Visa payment card. The Mastercard payment system has similar card security code called CVC2 (Card Validation Code 2) |
Acquiring Bank | A bank that organizes banking cards acceptance points (terminals, ATM’s) and processes full range of financial operations connected with performing bank settlements and payments by banking cards at that points |
Issuing Bank (Card Issuing Bank) | A bank licensed as a member of a card association (like Visa or Mastercard), that issues and maintains payment cards |
IBAN | International Bank Account Number |