Unpaid Invoice

Consumer Authentication is the verification performed to confirm the identity of the customer. In card payments, this often involves 3D Secure or other multi-factor authentication methods.

Delayed Capture is a payment flow where a transaction is authorised first and captured later. This is common in industries such as travel, hospitality and retail logistics.

A service provider that enables sub-merchants to accept payments under a single master merchant account.

Multi-Currency Processing allows merchants to accept and process transactions in multiple currencies.

A type of merchant-initiated card transaction made without the cardholder present and without a set schedule, based on previously stored payment credentials.

Banking as a service lets non-bank companies embed licensed banking products, such as accounts, cards and payments, directly into their own platform, without becoming a bank themselves. It has become one of the key building blocks behind modern fintech and embedded finance, letting technology companies build branded financial products without needing to independently secure and manage a full banking licence. For businesses already serving customers or sellers at scale, this means financial products can potentially be added to an existing relationship, subject to regulatory and partner requirements, rather than requiring customers to go elsewhere for banking services.