| P |
|
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| PAN |
Primary Account Number |
|
| PC |
Personal Computer |
|
| PCMCIA |
Personal Computer Memory Card International Association |
|
| PCS |
Personal Communication Systems |
|
| PDA |
Personal Digital Assistant |
|
| PIN |
Personal Identification Number |
|
| PIV |
Personal Identification Verification |
|
| PKCS |
Public Key Cryptographic Standards |
|
| PKE |
Public Key Encryption |
|
| PKI |
Pubic Key Infrastructure |
|
| PKP |
Public Key Partners |
|
| POS |
Point of Sale |
|
| PVC |
Polyvinyl Chloride |
|
| Package |
A physical container, case, or enclosure for the integrated
circuit chip(s) in a Integrated Circuit Card. |
|
| Packet-switching Network |
A data communication system in which data is conveyed in discrete
units called packets. There are no dedicated physical circuits
linking individual users. Transmission capacity is shared by interleaving
packet traffic on the links of the network. Users pay on a traffic
related tariff. Most payment systems use packet switching networks. |
|
| Parallel |
Arrangement of transmitted data so that all bits in a byte travel
altogether along a parallel electronic path. In serial mode, each
bit follows the preceding bit in a single electronic path. |
|
| Parity Bit |
A bit appended to the bit pattern for a character so that the
number of bits in the pattern and parity bit combined is either
even or odd, said to be even or odd parity respectively. ISO standard
identification cards use odd parity on their magnetic tracks. |
|
| Passive Chip Card |
An integrated circuit card containing no programmed processing
elements. |
|
| Password |
A value which must be quoted to gain access to a resource. Passwords
are the simplest and least secure form of access control. |
|
| Password Generation |
A method of generating a unique one-time password for a computer
user based on a challenge-response sequence between a host and
a device possessed by the user, e.g. smart card. |
|
| Password Tokens |
Portable devices that contain chips, batteries, LCD and sometimes
keypads. The devices are designed to generate a unique password
for users logging on to computer systems and employ techniques
known as synchronous or asynchronous password generation. |
|
| Payment System |
Generally any system for processing payment instruments and
settling consequential debts among the parties to the system.
The term is now often used in a specific sense to refer to the
computer networks and software systems used by the financial institutions
involved. |
|
| Payment Systems Environment |
The set of logical conditions established within the ICC when
a payment system application conforming to these specifications
has been selected, or when a directory definition file (DDF) used
for the payment system application purposes has been selected. |
EMV |
| Payment Transaction |
The exchange of funds for goods or services. |
|
| Personal Computer Memory Card International Association |
Association founded to standardize PC cards. |
|
| Personal Identification Number (PIN) |
The code or password the cardholder utilizes for verification
of his/her identity. |
ISO |
| Personal Identification Verification (PIV) |
Techniques used to test physical traits to validate an individual’s
unique characteristics. |
|
| Personalization |
The process of initializing a card with data that ties it uniquely
to a given cardholder and account. |
|
| PIN Generation |
The generation of PINs for allocation to cardholders. This has
to be done under strict security to prevent fraud. Ideally PINS
should be generated and allocated by a truly random process. In
practice the process only appears random and must be designed very
carefully to minimize risk of compromise by cryptoanalysis. |
|
| PIN Pad |
A keypad for entering PIN values. |
|
| Plaintext |
Intelligible data that has a meaning and can be read or acted
upon without the application of a transformation. |
ISO |
| Point of Sale (POS) |
The location at which payment transactions occur for the exchange
of value for goods or services. |
|
| Point of Service |
The time and place of the delivery of a service. |
|
| Polyvinyl Chloride |
Plastic used to make most plastic cards, including smart cards. |
|
| Positive File |
Record of activated cards used for monitoring and control purposes. |
|
| Positive List |
A description of account numbers and pertinent data for all
active and issued account numbers. Some of these may also appear
on a hot list. |
|
| Pre-authorized Payment |
A payment for which the payer gives a mandate requesting or
permitting the financial institution to debit his/her account with
defined or variable amounts. Standing orders and direct debit are
examples. |
|
| Prepaid Card or Prepayment |
A card that is purchased with stored value for which the value
is decrement when used. |
|
| Prepaid Debit Card |
An application on an ICC which stores electronic value that
is used as a payment method between an individual and a merchant.
Value is placed on the card from the cardholder’s bank account
and is decremented when used. |
ACT Canada |
| Primary Account Number (PAN) |
The assigned number that identifies the card issuer and cardholder.
This number is composed of an issuer identification number, individual
account identification, and an accompanying check digit, as defined
in ISO 7812. |
ISO |
| Prior Authorization |
The acceptance of financial liability for services to be rendered
by a provider to an individual by the payer. This does not automatically
ensure payment. |
|
| Private Key |
In asymmetric cryptography, the key which is held only by the
user for signing and decryption. |
|
| Private Label/Proprietary Card |
A card with the Issuer’s identification that is intended for
use to obtain only those services that are available from that
Issuer. |
|
| Processing Fee |
A fee charged by a party in a payment system for processing
transactions or settlements. |
|
| Protocol |
A set of rules and procedures governing interchange of information
between communication entities. |
|
| Proton |
A smart card applications designer and system integrator, utilizing
an electronic purse system. |
|
| Provider Information System |
The provider’s system for collecting, generating, assembling,
and transmitting information internally and externally. |
|
| Proximity Card |
A non-contact card whose presence and contained data can be
sensed by an interface device not in physical contact with the
card. Such cards are often used in access control systems in which
doors open automatically if an authorized person approaches carrying
his card. |
|
| Public Key |
That part of an asymmetric key set which is known to other parties
than the generator of the key set. |
ISO |
| Public Key Certificate |
A set consisting of user credentials (including the public key)
together with the trusted third party’s digital signature of these
credentials. |
ISO |
| Public Key Cryptography & Encryption (PKE) |
An asymmetric cryptographic method using two different mathematically
related keys for encryption and decryption. One key remains private
and is maintained by the key generator. The other key, since it
cannot be used to derive the private key is published. |
|
| Public Key Infrastructure (PKI) |
Establishes security policies for a variety of network applications
and services (i.e., digital certificates). |
|
| Published Key |
In asymmetric cryptography, the key, which is published by the
user to others for their use in verifying signatures and encrypting,
messages. |
|
