Glossary
Financial Institution

Financial Institution

Financial Institution is an organisation that provides financial services such as banking, payments, credit or money transmission. Examples include banks, EMIs and payment service providers.

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Expiry Date (Card Expiry Date)

Expiry Date is the month and year printed on a payment card, indicating when the card becomes invalid and must be replaced.

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ZKP is a cryptographic method that allows one party to prove knowledge of information without revealing the information itself, used in advanced authentication and privacy-preserving payment solutions.

ZIP (Buy Now, Pay Later Provider)

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Zeroisation

The secure deletion of cryptographic keys and sensitive data from hardware security modules (HSMs) or other secure devices to prevent unauthorised use.

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