Public Key
A public code that allows other people to send
cryptocurrency to you.
PSP
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.
Prepaid Card
A card that is loaded with funds in advance and can be
used to make purchases or withdraw cash.
Private Key
A secret code that allows you to access your
cryptocurrency and make transactions.
POP
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.
PISP
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 Computing/Networking
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.
Pillars
Core functional areas of businesses we deem key to
operating.
Peer-to-Peer (P2P)
A network in which computers communicate directly with
each other without the need for a central server.
PayPal
An online payment system that allows users to send and
receive payments electronically.
Payment Terminal
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.
Payment Processor
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.
Payment
The transfer of funds from one party to another in
exchange for goods or services.
Partners
The 3rd party service providers we choose that will be
connected to Rvvup and accessible by the customer.
PaaS
Platform-as-a-Service — Often used to describe
development platforms for SaaS products like Heroku, AWS lambdas, etc.
PAN
Primary Account Number — The number embossed on a debit
or credit card.
Payment Gateway
An online service that authorises and processes credit
card and other electronic payment transactions.
PaaS
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.