Good, but missing some basic concepts: - void, a refund on authorization - account verification, used to store a card, without authorization - card on file,

Good, but missing some basic concepts: - void, a refund on authorization - account verification, used to store a card, without authorization - card on file, a stored card - BIN, bank identification number - POS, a payment in store, physical terminal - card not present, payment from distance (ecom, moto) - moto, mail order, telephone order ....and alot more