3-D Secure (3DS)
An authentication protocol that adds a verification step during online card payments to reduce fraud.
Cards & Acquiring
Glossary
A comprehensive guide to financial and operational terms.
Empower your business with clarity
AML (Anti-Money Laundering)
A set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
Regulation, Compliance & Security
BIN (Bank Identification Number)
The first 6–8 digits of a card number that identify the issuing bank and card type.
Cards & Acquiring
Business account (corporate account)
A bank account opened in the name of a legal entity, used for business transactions and financial operations.
Invoicing & Finance Ops
Business Money Transfer
A payment service that enables businesses to send domestic and international transfers with competitive rates and transparent fees.
Payments & Money Movement (Service)
Cash flow
The net movement of money into and out of a business over a specific period.
Finance Basics
Cashless payment
Any payment made without physical cash — via card, bank transfer, mobile wallet, or digital instrument.
Payments & Payment Networks
Corporate Account
A multi-currency business account built for companies that need to hold, send, and receive funds across jurisdictions.
Accounts & Identifiers (Service)
Corporate Off-Ramp
A service that converts digital assets back into fiat currency and settles into a traditional bank account.
Digital Assets & Treasury Bridges (Service)
Corporate On-Ramp
A compliant gateway for businesses to convert fiat currency into digital assets such as stablecoins.
Digital Assets & Treasury Bridges (Service)
Credit card
A payment card that allows the holder to borrow funds up to a set limit and repay later, with or without interest.
Cards & Acquiring
Credit card number
The 15- or 16-digit number embossed on a credit card, used to identify the account for transactions.
Cards & Acquiring
Creditor
A person or entity to whom money is owed.
Finance Basics
Debit card
A payment card that draws funds directly from the holder's bank account at the time of purchase.
Cards & Acquiring
Debtor
A person or entity that owes money to another party.
Finance Basics
Dedicated EUR IBAN
A unique euro-denominated IBAN assigned exclusively to one client for receiving SEPA and SWIFT transfers.
Accounts & Identifiers (Service)
Dedicated IBAN
An IBAN assigned exclusively to one account holder, providing a unique identifier for all transactions.
Accounts & Identifiers
Dedicated USD Account
A US-dollar account with its own routing details, used for receiving and managing USD payments.
Accounts & Identifiers (Service)
E-invoicing
The automated exchange of invoice documents in a structured digital format between supplier and buyer systems.
Invoicing & Finance Ops
E-Money Account (EMI Account)
An electronic money account issued by a licensed EMI, enabling businesses to store and transfer digital funds.
Accounts & Identifiers (Service)
Equity (shareholders' equity)
The residual value of a company's assets after all liabilities are deducted — essentially the owners' stake.
Finance Basics
Exchange rate
The price at which one currency can be exchanged for another at a given point in time.
Currency & FX
Foreign exchange (FX)
The conversion of one currency into another, typically for trade, investment, or treasury purposes.
Currency & FX
FX (Foreign Exchange) Conversion
A service that converts funds between currencies at competitive rates, with same-day or next-day settlement.
FX & Treasury (Service)
IBAN (International Bank Account Number)
A standardised alphanumeric code that uniquely identifies a bank account across borders.
Accounts & Identifiers
IBAN Solutions
A suite of IBAN products — dedicated, virtual, and pooled — that help businesses segregate, track, and reconcile payments.
Accounts & Identifiers (Service)
Issuer / Acquirer
Issuer — the bank that provides a card to the cardholder. Acquirer — the bank that processes card payments on behalf of the merchant.
Cards & Acquiring
KYC / KYB
Know Your Customer / Know Your Business — identity-verification procedures required before opening an account or processing transactions.
Regulation, Compliance & Security
Mid-market rate
The midpoint between the buy and sell prices of two currencies on the open market — the "true" exchange rate before any markup.
Currency & FX
MT103
A SWIFT message type used for single customer credit transfers (international wire confirmations).
Accounts & Identifiers
Multi-Currency Account / Support
An account that holds and transacts in multiple currencies from a single interface, reducing the need for separate accounts.
Accounts & Identifiers (Service)
PEP (Politically Exposed Person)
An individual who holds or has held a prominent public function, subject to enhanced due-diligence checks.
Regulation, Compliance & Security
Progress billing
An invoicing method where a client is billed incrementally as project milestones are completed.
Invoicing & Finance Ops
PSD2 / Open Banking
EU directive that requires banks to share account data with authorised third parties, enabling new payment and data services.
Regulation, Compliance & Security
Sanctions screening
The process of checking individuals or entities against government and international sanctions lists before processing a transaction.
Regulation, Compliance & Security
SEPA Access (Credit Transfer / Instant / Direct Debit)
Direct connectivity to the SEPA network for executing credit transfers, instant payments, and direct debits in euros.
Payments & Money Movement (Service)
SEPA Direct Debit (SDD)
A pull-based payment where a creditor collects funds directly from a payer's bank account under a signed mandate.
Payments & Payment Networks
SEPA Instant (SCT Inst)
A real-time euro transfer that settles in under 10 seconds, available 24/7/365.
Payments & Payment Networks
SEPA payment
A euro-denominated bank transfer within the Single Euro Payments Area, typically settled within one business day.
Payments & Payment Networks
Smurfing (structuring)
A money-laundering technique where large sums are broken into smaller transactions to avoid reporting thresholds.
Regulation, Compliance & Security
SSL/TLS
Cryptographic protocols that encrypt data in transit between a user's browser and a server, ensuring secure communication.
Regulation, Compliance & Security
Stablecoin Accounts
Accounts that hold stablecoins (e.g., USDC, USDT), enabling businesses to manage digital-dollar liquidity alongside fiat balances.
Digital Assets & Treasury Bridges (Service)
Strong Customer Authentication (SCA)
A PSD2 requirement mandating two-factor verification for electronic payments to reduce fraud.
Regulation, Compliance & Security
SWIFT code / BIC
An 8- or 11-character code that identifies a specific bank or branch in the SWIFT network.
Accounts & Identifiers
SWIFT payment
An international wire transfer routed through the SWIFT messaging network, commonly used for cross-border payments.
Payments & Payment Networks
SWIFT Transfers
A cross-border payment service routed through the SWIFT network, supporting multi-currency transfers worldwide.
Payments & Money Movement (Service)
Virtual IBAN (vIBAN)
A secondary IBAN linked to a master account, used to track and reconcile incoming payments without opening a new bank account.
Accounts & Identifiers
Virtual IBAN Account
A virtual account number linked to a master account, enabling payment reconciliation without additional bank accounts.
Accounts & Identifiers (Service)
Wire transfer
An electronic transfer of funds between bank accounts, either domestic or international.
Payments & Payment Networks