Glossary
Mode of Payment

Mode of Payment

Mode of Payment refers to the method used to pay for goods or services, such as card, bank transfer, wallet or cash.

GLOSSARY
What is a
Mode of Payment

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What is a
Expiry Date (Card Expiry Date)

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 (Zero-Knowledge Proof)

ZKP (Zero-Knowledge Proof)

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.
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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.
What is a
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Zero-Rating

Refers to goods or services that are taxed at a 0% VAT rate, affecting invoice and payment calculations.
What is a
Zero-Auth (Zero-Amount Authorisation)

Zero-Auth (Zero-Amount Authorisation)

An authorisation request for a value of £0 used to validate a card before charging it. It confirms card validity without reserving funds.
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