Payments
- EFTPOS terminal
An EFTPOS terminal is a merchant-facing device for handling electronic payments at the point of sale. It reads the customer’s payment credentials and submits the transaction …
- Electronic Bill Presentment and Payment (EBPP; electronic invoicing)
Electronic Bill Presentment and Payment (EBPP) denotes a digital billing arrangement in which a biller makes an invoice available to a customer and enables the amount …
- electronic data interchange (EDI)
Electronic data interchange (EDI) enables organisations to send transaction-related information directly between computer systems in an agreed machine-readable structure. It is used for documents such as …
- electronic money institution (ELMI)
An electronic money institution (ELMI) is a regulated entity permitted under the EU framework to issue electronic money. Its business is limited primarily to electronic-money services …
- electronic payment instrument
An electronic payment instrument is the means through which a customer submits an electronic payment instruction to a payment service provider. It may consist of hardware, …
- electronic payment instrument arrangement
An electronic payment instrument arrangement is the organisational and technical framework through which a payment instrument scheme is governed and made usable across different payment service …
- electronic payment instrument scheme
An electronic payment instrument scheme establishes the operating framework for payments made through electronic instruments. It sets the conditions under which participating providers and end users …
- electronic signature (digital signature)
A digital signature is an electronic authentication mechanism that uses cryptographic keys to associate a document or message with the holder of a private key. The …
- end user
An end user is the individual or organisation that uses an electronic payment instrument within a payment scheme or comparable arrangement to transfer value. Depending on …