Glossary

Paper wallet

A paper wallet is a type of cryptocurrency wallet that is stored on paper. The...

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Parse

Parse is an open-source Backend-as-a-Service (BaaS) platform that provides a flexible and scalable backend for...

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Passwordless authentication

Passwordless authentication is a method of user verification where the user does not need to...

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Pay in 3

This POS Financing term is defined as separating a cost into three equal, usually interest-free,...

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Pay in 4

This POS Financing term is defined as separating a cost into four equal, usually interest-free,...

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Payment gateway

A platform that enables businesses to receive online payments from customers through various payment methods.

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Payment rails

A payment rail is a payment network that facilitates the transfer of money from one...

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Payment Service Directive

PSD2 (Payment Service Directive) is the second directive on online payment services, which came into...

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Payment system

Infrastructure that allows the transfer of money from one bank account to an additional.

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Peer to Peer

A decentralized platform where two individuals interact directly with each other, without intermediation by a...

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Peer to peer (P2P) lending

Form of lending that involves the use of online platforms that directly connect borrowers with...

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Peer to peer transactions

Peer-to-peer (P2P) transactions are the transmission of funds from one person's bank account or credit...

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Peer to peer transactions transfer apps

Peer-to-peer (P2P) transactions transfer apps allow people to send and receive money with ease. They...

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Personal Identification Number

A confidential individual code employed by a cardholder to authenticate card ownership for ATM.

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Personal loan

Loan that an individual requests from a bank or financial institution for personal purposes.

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Platform as a Service

Platform as a Service (PaaS) is a cloud computing model whereby an external company offers...

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Point of Sale

The specific time and place where a retail transaction is completed.

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Point of Sale Financing

When the merchant offers their customers a consumer financing solution when the purchase is made...

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Point of Sale Lending

This Is a convenient lending option that allows consumers to make purchases with incremental payments...

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Portfolio management

Management of an individual or company's investment portfolio.

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Primary Account Number

In the cards industry, it is defined as Primary Account Number – the 16-digit card...

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Private equity

Investment in private or unlisted companies.

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Private key

A private key is employed to identify the owner of a given cryptocurrency wallet. It...

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Proof of Concept

Proof of Concept (POC) is a kind of demonstration designed to illustrate that a theory...

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Proof of stake

A consensus algorithm to choose which validators can generate the new block in a blockchain....

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Proof of work

Proof-of-work, or PoW, is an additional consensus mechanism that leverages a network of computers called...

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Property Technology

Property Technology, referred to as PropTech, is the implementation of technology in the real estate...

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Public key

Generated alongside your private key as a pair, your public key is a long string...

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Public Key Encryption

Also called Asymmetric Encryption, this is a method of encryption in which a pair of...

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