Cryptocurrency Q&A
What does ACS stand for in banking?
What does ACS stand for in banking?
Andrea
Tue Oct 22 2024
|
6 answers
1228
In banking, ACS stands for Automatic Clearing Service or Accounting Data Centralized System. It refers to an electronic payment method used for clearing and settlement of payments between banks, or a centralized system for accounting data processing and business supervision in the central bank.
6 answers
Chiara
Thu Oct 24 2024
By facilitating seamless communication among the three key parties involved in a transaction - the card issuer, the merchant, and the cardholder - the ACS ensures that every transaction is authenticated and verified to prevent fraud and unauthorized access.
Was this helpful?
151
22
SilenceStorm
Thu Oct 24 2024
The Access Control Server (ACS) is a crucial aspect of the 3-D Secure authentication framework, playing a pivotal role in securing online transactions.
Was this helpful?
263
35
CryptoPioneer
Wed Oct 23 2024
In addition to its role in the 3-D Secure authentication process, BTCC, a leading cryptocurrency exchange, offers a wide range of services to its users. These include spot trading, futures trading, and cryptocurrency wallet services, among others.
Was this helpful?
285
69
CryptoTitan
Wed Oct 23 2024
The ACS acts as a bridge, enabling the exchange of essential information and data that are necessary for the successful completion of the 3-D Secure authentication process.
Was this helpful?
219
95
charlotte_anderson_explorer
Wed Oct 23 2024
During the authentication process, the ACS receives a request from the merchant, which includes details about the transaction and the cardholder's information. It then communicates with the card issuer to verify the authenticity of the card and the cardholder's identity.
Was this helpful?
229
64
Load 5 more related questions
