Interchange fees are transaction fees paid by merchants’ acquiring banks to card-issuing banks for p...
Anti-Money Laundering (AML) refers to the regulatory framework and compliance processes designed to ...
Bacs is a UK-based interbank payment system that processes Direct Debit and Direct Credit transactio...
The Bank of England (BoE) is the UK’s central bank, responsible for monetary policy, financial stabi...
Currency conversion is the process of exchanging one currency for another, typically during cross-bo...
The payee and payer banks are financial institutions that hold the accounts of the sender and recipi...
An acquiring bank (or Merchant Acquirer) is the financial institution within a card payment process ...
Smart contracts are self-executing contracts with terms written in code, typically on a blockchain. ...
E-commerce refers to the buying and selling of goods and services over the internet. It encompasses ...
