| AC | Application Cryptogram | A cryptogram generated during a payment transaction to authenticate the cardholder and ensure the integrity of the transaction data. |
| API | Application Programming Interface | A set of protocols and tools that allows different software applications to communicate and interact with each other. |
| AETS | American Express Token Service | A service provided by American Express that replaces card details with a secure token to protect sensitive card information in digital transactions. |
| CDCVM | Consumer Device Cardholder Verification Method | A method where the cardholder verifies their identity using a device, such as a smartphone, via biometrics or a PIN, instead of traditional point-of-sale methods. |
| CMS-D | Credential Management System – Dedicated | A dedicated system that manages digital credentials, ensuring secure storage and usage of cardholder information in tokenization services. |
| CoF | Card-on-File | Refers to stored card information kept by merchants or service providers for recurring or future transactions, enabling seamless payments without re-entering card details. |
| CVC | Card Verification Code | A security code printed on the card (such as CVV) used to verify the legitimacy of the card during online or card-not-present transactions. |
| CVM | Cardholder Verification Method | Methods used to verify that the person presenting the card is the authorized cardholder. This includes PIN, signature, and biometric verification. |
| EMV | Europay Mastercard and Visa | A global standard for secure, chip-based payment transactions, replacing magnetic stripe cards for enhanced security. |
| FCM | Firebase Cloud Messaging | A messaging service provided by Google for sending notifications and messages to devices, commonly used in mobile apps for communication. |
| HCE | Host Card Emulation | A software architecture that allows mobile devices to emulate smart cards for contactless payments via Near Field Communication (NFC). |
| HMS | Huawei Mobile Services | A collection of cloud-based services provided by Huawei to support app development, including payment services, notifications, and more. |
| HVT | High Value Transaction | Transactions that exceed a pre-defined threshold and typically require additional verification to ensure security. |
| LVT | Low Value Transaction | Transactions that fall below a certain threshold and may not require extra verification, often allowing for faster payment processing. |
| MC | Mastercard | A global payment network that offers financial services such as debit, credit, and prepaid cards, facilitating electronic payment transactions. |
| MCD | Mea Card Data | Proprietary data from MeaWallet used for managing and processing card-related information in digital payment environments. |
| MDES | Mastercard Digital Enablement System | A platform by Mastercard that enables digital payments by tokenizing card details, making online and mobile transactions more secure. |
| MMT | MeaWallet’s Merchant Tokenization platform | A tokenization platform by MeaWallet designed to secure card-on-file and recurring transactions by replacing sensitive card details with secure tokens. |
| MPP | Mea Push Provisioning | A service provided by MeaWallet that facilitates the push of digital cards into mobile wallets, ensuring quick card activation and usage. |
| MTM | Mea Token Management | MeaWallet’s proprietary system for managing payment tokens, ensuring secure token lifecycle management for digital payment cards. |
| MTP | Mea Token Platform | A platform offered by MeaWallet that supports tokenization, management, and provisioning of payment credentials across various devices and payment channels. |
| NFC | Near Field Communication | A short-range wireless technology that enables communication between devices, commonly used in contactless payments with mobile devices or cards. |
| OEM | Original Equipment Manufacturer | A company that manufactures devices or components that are then marketed and sold by another company under their own branding. |
| PAN | Primary Account Number | The unique 16-digit number assigned to a payment card, used for identifying the cardholder’s account in transactions. |
| PCI-DSS | Payment Card Industry Data Security Standard | A set of security standards designed to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. |
| PIN | Personal Identification Number | A numeric password used to verify the identity of the cardholder during a transaction. |
| POS | Point of Sale | The location or device where transactions take place between a merchant and a customer, whether in physical stores or online. |
| PSP | Payment Service Provider | A company that offers online payment services to merchants, allowing them to accept payments via credit cards, digital wallets, and other methods. |
| RNS | Remote Notification Service | A service that sends real-time notifications to users or devices about transaction statuses, updates, or other relevant information. |
| SDK | Software Development Kit | A collection of software development tools and libraries that developers use to create applications for specific platforms or services. |
| SRC | Secure Remote Commerce | A standard that ensures security in digital transactions by tokenizing sensitive card data during online purchases. |
| SUK | Single Use Key | A security key that is generated for one-time use in cryptographic operations, ensuring data security. |
| SK | Session Key | A temporary key used for securing data within a single communication session between two parties. |
| SE | Secure Element | A tamper-resistant hardware component used to store sensitive data, such as payment credentials, securely on a mobile device. |
| TEE | Trusted Execution Environment | A secure area within a device’s processor that ensures sensitive data and code are protected from unauthorized access or tampering. |
| ToF | Token-on-File | Refers to storing a payment token (instead of a PAN) with merchants or service providers for future transactions, enhancing security. |
| TMS | Transaction Management System | A system used to manage, track, and process financial transactions, ensuring accurate and efficient payment processing. |
| UMD | User and Mobile Device | The user and their mobile device, typically referring to the interaction between the two in a payment or verification process. |
| VAS | Value-Added Services | Additional services offered to enhance the core offering, such as rewards programs or customer insights in the payment ecosystem. |
| VTS | Visa Token Service | A tokenization service provided by Visa that replaces card details with a secure token for safer online and mobile transactions. |
| WSP | Wallet Service Provider | A provider of mobile wallet services that enables users to store payment information, loyalty cards, and more in a digital format for secure, contactless transactions. |