3D Secure

Security protocol that was created to ensure security and demand strong authentication when credit or debit cards are used during online purchases.


Financial institution which is contacted in order to authorize credit or debit card purchases. Acquirers will either approve or decline the amount.

Automated Clearing House (ACH)

Electronic network for financial transactions that process large volumes of credit and debit card transactions in batches.

Bank Identification Number (BIN)

Unique code which identifies the financial institution that has issued the credit card. It is typically the first 4-6 numbers on the credit card.

Block Change

List of ongoing records (blocks) that are linked and secured through cryptography and a derivative of Bitcoin.




Special digital certificate designed for processing by devices with minimal computing power such as smart cards (including passports).

Digital Wallet

Specialized online service or device that allows for customers to make electronic purchases or other transactions.

Financial Inclusion

Financial products and services that meet the needs of individuals and businesses such as transactions, payments, insurance, savings and credit.


Short for financial technology, this term includes any innovations in technology in the financial sector related to how people transact business.


Service provided by merchants of e-commerce providers that authorize credit card transactions and processing for online businesses and retailers.


Cryptocurrency that allows users to send and receive funds without public visibility.


European-based cryptocurrency exchange.

Initial Coin Offering (ICO)

Method used by startups to raise funds for new cryptocurrency. It helps these companies to avoid venture capitalists, banks and the capital-raising process.

Issuing Bank

A bank that offers consumers card association from legitimate payment cards.

J. Safras Sarasin

Private Swiss bank that offers asset management for private clients and institutional clients, as well as investment advice. Its main focus is on environmental, social and corporate governance.

Know Your Customer (KYC):

System utilized by businesses and banks to identify and verify their clients.


Private and secure money platform dealing with cryptocurrency, and provides smart contracts and blockchain based solutions.

Lending Club

A peer-to-peer lending company based out of the United States and registered its services as securities with the Securities and Exchange Commission (SEC), offering loan trading on a secondary market.


Peer-to-peer open source software in cryptocurrency. It allows users to transfer coins without a central authority.


Open-source cryptocurrency that offers services focused on privacy, scalability and decentralization. It is a derivative of Bitcoin.

Moneta International UAB

B2B payment and cash management platform together with banking solutions. It lessens regulatory burdens and provides a secure and user-friendly online banking platform.


Smart Asset customized blockchain platform for managing currencies, supply chains, notarizations, and ownership records.

Number 26

MasterCard service that allows users to have a bank account on their phones by providing an IBAN. Number26 offers all services of a traditional bank, only digitally.


Chinese Bitcoin company that offers mobile consumer payments and lending. OKCoin is the largest Bitcoin exchange company in the world.

One-time password (OTP)

A valid password that can only be used for one login or transaction on any digital devices.

PCI Compliance

Payment Card Industry Data Security Standard (PCI DSS) is a set of payment security standards that ensure safety and security of seller’s data during credit card transactions.

Peer-to-peer (P2P)

A model of two individuals who interact by buying or selling services and goods directly between one another without third-party mediation.


Australian online platform that allows hosts many different outlets and is aimed towards college and university students to be able to make payments all through an app.

Quick Response Code (QR Code)

A machine-readable, two-dimensional barcode that contains relevant information to the item on which it is attached.


A global financial settlement solution that lowers costs of settlements by allowing international banks to interact swiftly and directly.

Rolling Service

Merchants and banks risk management service that protects them from loss potentials due to chargebacks.

Single Euro Payments Area (SEPA)

European Union payment-integration initiative that simplifies all bank transfers denominated in the Euro.


Global leader in offering solutions for secure financial messaging services.


American online open banking platform that offers a secure solution for banks, bank customers and developers to move money at low costs.


Accountable agreement between a buyer and seller to exchange goods, services or finances.


Online database of global coins that range from modern to ancient and allow users to manage personal collections.


American Express virtual payment solution that provides a single-use account number to each user’s transactions.

Wire Transfer

Electronic fund transfer from one individual or business to another. This can include payments from banks accounts, as well as a transfer of cash.


Online payments, telephone payments and card machine services provided through this secure online payment system for all types of businesses.


A value or unit of currency that is represented by gold.

Yahoo Finance

Property of Yahoo that provides financial news, data, stock quotes and financial reports. For individuals, it offers financial management tools.

YBCoin (YBC)

Chinese Bitcoin solution that offers the latest technology for electronic money.


Electronic financial system that guarantee user protection for companies to conduct their business online.

Zillow Group

Online real estate database.