Payment authorization
Approval from the payment system to proceed with a proposed charge.
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Payment capture
The step that finalizes an authorized payment for settlement.
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Payment dispute
A formal challenge to a payment made through a payment provider.
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Payment intent
A payment object that tracks a charge through its required steps and states.
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Payment method
The instrument or service a customer uses to pay.
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Payment processor
A service that carries payment information and coordinates transaction processing.
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Payment settlement
The stage when transaction funds are transferred between financial participants.
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Payment tokenization
Replacing sensitive payment details with a limited-use substitute value.
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Payout
A transfer of available payment funds to a seller’s or business’s bank account.
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PCI DSS
Security requirements for organizations that handle payment-card data.
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