Clearing House Automated Payment System (CHAPS) is a UK GBP real-time payment scheme, running on top...
An issuing bank is a financial institution, sometimes a bank, that provides payment cards (credit, d...
Authentication is the process of verifying a user’s identity before granting access to a service or ...
An authorisation hold is a temporary hold placed on a payer’s funds before final settlement. This en...
In broader fintech and blockchain contexts, tokenisation also refers to the digital representation o...
A One-Time Password/Passcode (OTP) is a temporary, unique code sent to a user via SMS, email, or an ...
Webhook Notifications are automated messages sent from one application to another when a specific ev...
The Single Euro Payments Area (SEPA) is a European Union initiative to simplify euro payments across...
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network us...
An API (Application Programming Interface) is a set of protocols and tools that allow different soft...
