GLOSSARY
SOC 2
Audit report covering security, availability, confidentiality, processing integrity, and privacy controls.
SOC 2 evaluates controls for the trust services criteria (security, availability, confidentiality, processing integrity, privacy). Common proof for B2B security due diligence.
Complements ISO 27001 and privacy frameworks like GDPR and CCPA. A Type II report covers operating effectiveness over a period.
Related
Related terms.
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.