Cashlog

Advanced Programming Interface (API)

APIs allow users to program to a pre-constructed interface, instead of individually programming a device or piece of software. An API is a particular set of rules and specifications that software programs can follow to communicate with each other. It serves as an interface between different software programs and facilitates their interaction, similar to the way the user interface facilitates interaction between humans and computers.(Wikipedia)

Application Service Provider (ASP)

An organization that hosts software applications on its own servers within its own facilities. Customers access the application via private lines or the Internet. Also called a "commercial service provider" (CSP).

Approval Response

An affirmative reply following a transaction authorization request.

Authorization

The process by which a transaction is approved by the issuer, or by Visa/MasterCard on behalf of the issuer. Permission is given (or denied) to the merchant, via the acquirer, to accept a specific transaction from the cardholder account. An authorization indicates only that the card is valid and that sufficient funds are available on the cardholder's credit limit at the time the request is made.

Authorization Approval Code

The numerical code designated by the issuer, assigned to a sales transaction as verification that the sale is authorized.

Authorization Request

A merchant's request for an authorization to accept sales transaction. An authorization request can occur electronically via telephone as a voice authorization.

Back-End Network

The settlement provider responsible for finalizing transactions, routing payment to a merchant's account and generating statements.

Balance Sheet

A financial statement that lists assets, liabilities and net worth as of a specific date.

Bank Card

A card issued by a banking institution.

Browser

A software application used to locate and display Web pages.

Billing flow

It's the flow through which the customer purchases a digital good from a merchant's web store.

Contactless (C-less)

Contactless payment systems (also known as "touch and go" or "wave and pay")[1] are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase.(Wikipedia)

Cryptography

The process of protecting information by transforming it into an unreadable format. The information is encrypted using a "key" that makes the data unreadable. It is later decrypted, making the information readable again.

Direct billing mobile

The consumer uses the mobile billing option during checkout at an e-commerce site—such as an online gaming site—to make a payment. After two-factor authentication involving a PIN and One-Time-Password, the consumer's mobile account is charged for the purchase. It is a true alternative payment method that does not require the use of credit/debit cards or pre-registration at an online payment solution such as PayPal, thus bypassing banks and credit card companies altogether.(Wikipedia)

E-commerce

The sale and purchase of goods or services over the Internet.(Wikipedia)

E-wallet

A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely. A digital wallet functions much like a physical wallet. The digital wallet was first conceived as a method of storing various forms of electronic money (e-cash), but with little popularity of such e-cash services, the digital wallet has evolved into a service that provides internet users with a convenient way to store and use online shopping information.(Wikipedia)

Expiration Date

The embossed date on a bankcard. After that date, the card becomes invalid and should no longer be accepted.

Feature phone

Feature phone is a term used to describe a low-end mobile phone that has less computing ability than a smartphone, but more capability than a "dumb phone". The term was originally used to describe mobile phones that had features that weren't available on most other contemporary mobile phones, and smartphone and feature phone were not mutually exclusive categories. As mobile phone technology advanced, newer low-end phones were categorized as feature phones.(Wikipedia)

Merchant

Store owner or seller of products.

Micropayment

A micropayment is a financial transaction involving a very small sum of money and usually one that occurs online.(Wikipedia)

My account

My Account is the main page of customers' private area. If you are a registered customer, you can see all transactions and all subscriptions in this area.

Mobile commerce

Mobile Commerce, also known as M-Commerce or mCommerce, is the ability to conduct commerce using a mobile device, such as a mobile phone, a Personal digital assistant PDA, a smartphone, or other emerging mobile equipment such as dashtop mobile devices. Mobile Commerce has been defined as follows: "Mobile Commerce is any transaction, involving the transfer of ownership or rights to use goods and services, which is initiated and/or completed by using mobile access to computer-mediated networks with the help of an electronic device." (Tiwari, R.; Buse, S. – 2007)(Wikipedia)

Network

An entire system of communication hardware and software used to transfer electronic information during the authorization and settlement process.

Near field communication (NFC)

Near field communication, or NFC, is a set of short-range wireless technologies, typically requiring a distance of 4 cm or less. NFC operates at 13.56 MHz and at rates ranging from 106 kbit/s to 848 kbit/s. NFC always involves an initiator and a target; the initiator actively generates an RF field that can power a passive target. This enables NFC targets to take very simple form factors such as tags, stickers, key fobs, or cards that do not require batteries. NFC peer-to-peer communication is also possible, where both devices are powered.(Wikipedia)

One time password (OTP)

A one-time password (OTP) is a password that is valid for only one login session or transaction. OTPs avoid a number of shortcomings that are associated with traditional (static) passwords. The most important shortcoming that is addressed by OTPs is that, in contrast to static passwords, they are not vulnerable to replay attacks. This means that, if a potential intruder manages to record an OTP that was already used to log into a service or to conduct a transaction, he or she will not be able to abuse it since it will be no longer valid. On the downside, OTPs are difficult for human beings to memorize. Therefore they require additional technology in order to work.

Payment service/system

A payment system is a system for the transfer of money.

Personal Identification Number (PIN)

A numeric code used as verification to complete a transaction via a payment card. The number is entered into a keypad and is encrypted to travel along with the authorization.POS

Post paid

A model of cellular service whereby the customer is charged for usage in the prior month (hence 'post' usage), and hence does not feature any limitations on volume of service used. In contrast the Prepaid model asks customers to add a certain amount to their accounts prior to usage and their maximum usage is limited to the amount that is added to the account.(Wikipedia)

Pre paid

A prepaid mobile phone (also commonly referred to as pay-as-you-go, pay-as-you-talk, "pay and go", or prepaid wireless ) is a mobile phone for which credit is purchased in advance of service use. The purchased credit is used to pay for mobile phone services at the point the service is accessed or consumed. If there is no available credit then access to the requested service is denied by the mobile phone network. Users are able to top up their credit at any time using a variety of payment mechanisms.(Wikipedia)

Premium SMS

An SMS message for which the sender pays a higher fee than normal to cover the expenses for a good or service delivered

PSD

PSD is short for Payments Service Directive. It is a law imposed by the European Union which intends to create equal legal conditions for payments in the EU. The consequence is that every cross-border payment in the EU can be treated as a domestic payment.

Point-of-Sale (POS)

The location at which a payment card transaction occurs, usually by way of a device such as a credit card terminal or cash register.

Purchase status

It's the status of your digital goods purchase.

Radio-frequency identification (RFID)

Radio-frequency identification (RFID) is a technology that uses communication through the use of radio waves to exchange data between a reader and an electronic tag attached to an object, for the purpose of identification and tracking.

Recurring Transaction

A transaction charged to a cardholder's account (with prior permission) on a periodic basis for recurring goods and services, i.e., health club memberships.

Sales Transaction Fee

The amount the financial institution charges a merchant for each sales transaction.

SIM (Subscriber Identification Module)

A subscriber identity module or subscriber identification module (SIM) is an integrated circuit which securely stores the service-subscriber key (IMSI) used to identify a subscriber on mobile telephony devices (such as mobile phones and computers).

Smartphone

A smartphone is a mobile phone that offers more advanced computing ability and connectivity than a contemporary feature phone.

SMS (Short Message Service)

Short Message Service is a communications protocol allowing the interchange of short text messages between mobile phone devices.

Submission

A file sent by the merchant that contains one or more transactions.

Summary page

"Summary" is the main page of merchants private area. If you are a merchant, here you can find your business monitor with all transactions history. You can check all purchase status of our digital goods and services in the "transactions" area and also the subscriptions status in "subscription" page. It's simple, with all the details you need and several search criteria.

Track purchase status

If you're either a registered customer or not, you can see your transaction details in Track Purchase Status Page using your phone number and the purchase code (5 digit number) we sent you via SMS at the end of the purchase process. If you need to track the transaction just completed you'll just go on cashlog.com, click TRACK YOUR PURCHASE STATUS on the sidebar or on the top menu.

Transaction

Any action between a customer and a merchant or member that results in activity on the account, such as a purchase, cash advance or credit.