A public code that allows other people to send cryptocurrency to you.
A Payment Services Provider is an entity which carries out regulated payment services, including AISPs, PISPs, CBPIIs and ASPSPs.
Proof of Work (PoW)
A consensus mechanism used by many cryptocurrencies that requires miners to solve complex mathematical problems to validate transactions.
Proof of Stake (PoS)
A consensus mechanism used by some cryptocurrencies that allows users to validate transactions based on the amount of cryptocurrency they hold.
A card that is loaded with funds in advance and can be used to make purchases or withdraw cash.
A secret code that allows you to access your cryptocurrency and make transactions.
Payments Orchestration Platform (e.g Primer & GR4VY) — Similar to our TOP but focusing on Payments / Fraud only.
Point of Sale (POS)
A system used by retailers to manage sales transactions, inventory, and customer data.
A Payment Initiation Services Provider provides an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider.
Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged participants in the application.
Core functional areas of businesses we deem key to operating.
A network in which computers communicate directly with each other without the need for a central server.
An online payment system that allows users to send and receive payments electronically.
A device used to accept payment from a customer, such as a credit card machine.
Payment Services Directive 2 (PSD2)
A European Union directive that requires banks to provide third-party providers with access to customer account data and payment initiation services, with the customer's consent.
A company that processes payment transactions on behalf of merchants.
Payment Initiation Service Provider (PISP)
A third-party provider that initiates payments on behalf of a customer, with the customer's consent, using APIs to access their bank account.
The transfer of funds from one party to another in exchange for goods or services.
The 3rd party service providers we choose that will be connected to Rvvup and accessible by the customer.
Platform-as-a-Service — Often used to describe development platforms for SaaS products like Heroku, AWS lambdas, etc.
Primary Account Number — The number embossed on a debit or credit card.
An online service that authorises and processes credit card and other electronic payment transactions.
Payments-as-a-Service — Payments functions such as on-demand tokenization, routing, and stand-ins are codified as separate functions, assembled and extended in Lego-like fashion to offer superior customer and cardholder experience.