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Sticky Glossary

Your go-to guide for comprehensive definitions and information about common terms used within the ecommerce industry.
Sticky Glossary > Payments > Transaction Monitoring & Analytics

Transaction Monitoring & Analytics

What is a PAN? (Primary Account Number)
PAN (Primary Account Number) is the unique identifier on payment cards, typically 14-19 digits long, that identifies the card issuer and cardholder account for transaction processing.
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What is a payment lifecycle?
The payment lifecycle is the complete journey of a transaction from initiation to settlement, including authorization, capture, processing, clearing, and final fund transfer between parties.
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What is payment authorization?
Payment authorization is the process where a payment processor verifies that a customer has sufficient funds or credit available and approves or declines a transaction in real-time.
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