Payment Glossary: 70+ Payment Terms and Definitions for 2026
Understand the language behind payments, approvals, and smart retries.
Learn our 70+ terms
Understand the language behind payments, approvals, and smart retries.
A customer-initiated transaction happens while the buyer is on session and actively completing checkout. Getting this first payment right supports stronger authentication, cleaner tokenization, and better downstream billing performance.
Customer-Initiated TransactionCIT, on-session transaction, cardholder-initiated transaction