Documentation

Status of a bank transfer to a virtual account. The beneficiary has accepted the transfer and the transaction is final. ISO 20022 code.

A server used by issuing banks to authenticate card users by 3DS authentication.

Name of a gateway between a mobile phone network and the Internet.

In card transactions, the merchant's financial institution. The acquirer is a member of one or more card networks, such as Visa or Mastercard. The acquirer contacts the card issuer through the card network for authorization to process the transaction. The card issuer collects the funds from the cardholder and settles the funds to the card network. The card network settles the funds to the acquirer, which then settles them to the merchant's own bank account.

For card transactions, a service that checks whether the cardholder's billing address matches the address for the cardholder's account.

Legal restrictions against hiding or disguising money obtained through illegal activities.

In the HTTP protocol, a parameter that provides the user's credentials to the server.

The first phase of processing a card transaction, also known as pre-authorization. The funds are placed on hold until the transaction is captured or cleared. The authorization confirms whether a card is valid, business rules and regulations are met, or the required funds exist.

The primary method for bank transfers in the United States.

A United Kingdom service for processing direct debit and other bank transfer transactions. Average time to clear a transaction is 3 business days.

A numeric identifier for financial institutions. It appears as the first four to six digits on a payment card.

An alphanumeric identifier for financial institutions, also known informally as a SWIFT code or SWIFT/BIC code.

A person or business that receives funds from a disburse (payout) transaction.

Commerce between business entities.

Commerce between businesses and consumers.

The second phase in completing a card transaction, also known as clearing or completion.

A device for making or receiving payments. A credit card is funded by loans, and a debit card is funded by a bank account. A physical card is made of plastic and can be used for transactions on line or in person. It has the following features:

A virtual card is used for online transactions. It consists of the following information:

A numeric code printed on the card, consisting of 3 or 4 digits. Use of the code indicates that the person making the transaction has access to the physical card. This value cannot be stored in any way. Also known as CID, CSC, CVC and CVV.

A method of verifying the identity of the person using a card at a payment terminal, for example, a PIN or signature.

A numeric code printed on the card, consisting of 3 or 4 digits. Use of the code indicates that the person making the transaction has access to the physical card. This value cannot be stored in any way. Also known as CCV, CID, CSC and CVC.

A network of financial institutions that process card payments and transfer money from the cardholder to the merchant. The main actors in the scheme are the acquirer, which is the merchant's bank, and the issuer, which is the cardholder's bank. The network is also known as card scheme.

A card transaction where the customer is not present but has placed the order by mail or telephone, and the sensitive personal information is manually entered by the merchant. Also known as a MOTO transaction.

A unique number for a payment card, usually 14 to 19 digits in length. Also known as a payment card number, primary account number (PAN) or funding primary account number (FPAN).

An alphanumeric code that represents sensitive card information or PII. The PII is stored in a vault, and the token can be used by a specific company. See Create Card Token.

A network of financial institutions that process card payments and transfer money from the cardholder to the merchant. The main actors in the scheme are the acquirer, which is the merchant's bank, and the issuer, which is the cardholder's bank. The scheme is also known as card network.

A numeric code printed on the card, consisting of 3 or 4 digits. Use of the code indicates that the person making the transaction has access to the physical card. This value cannot be stored in any way. Also known as CCV, CID, CVC and CVV.

A numeric code printed on the card, consisting of 3 or 4 digits. Use of the code indicates that the person making the transaction has access to the physical card. This value cannot be stored in any way. Also known as CCV, CID, CSC and CVV.

A numeric code printed on the card, consisting of 3 or 4 digits. Use of the code indicates that the person making the transaction has access to the physical card. This value cannot be stored in any way. Also known as CCV, CID, CSC and CVC.

Money that is returned to the customer after the customer wins a dispute of a card or bank transaction.

Standard for payment cards that store their data on integrated circuit chips, also known as Europay, Mastercard, Visa (EMV).

The standard for numbering bank accounts in Mexico. Each account is represented by an 18-digit identifier. The term translates to 'standardized bank code' in English.

The second phase in completing a card transaction, also known as capture or completion.

The process of moving money from a customer's payment method to the Rapyd Wallet. Also known as payment.

The second phase in completing a card transaction, also known as capture or clearing.

A unique identifier of a beneficiary of a SEPA direct debit bank transfer.

A tokenized version of the PAN that can only be used with one electronic device, such as a tablet or smartphone.

An electronic means of storing payment methods for use in commerce. The digital wallet can be funded by one or more payment methods. Some ewallets receive or store funds. Also known as an eWallet.

A transaction where funds are withdrawn directly from a bank account by electronic means.

In the European Union (EU) and European Economic Area (EEA), legislation for protecting consumers and making payments more secure.

A transaction that transfers money from a Rapyd Wallet to a third party, also known as a payout transaction.

Point-of-sale terminal, including a card reader and support applications.

A product provided with the full range of features and services.

Standard for payment cards that store their data on integrated circuit chips, also known as chip cards.

An electronic means of storing payment methods for use in commerce. The eWallet can be funded by a variety of different payment methods. Some ewallets receive or store funds. Also known as a digital wallet.

A third-party acquirer partnered with Rapyd.

Conversion of money from one currency to another.

A unique number for a payment card, usually 14 to 19 digits in length. Also known as a card number, payment card number or primary account number (PAN).

Protocol for second-generation (2G) cellular telephone networks. Also refers informally to all mobile phone technologies.

A property of two or more identical messages that cause changes to data in the recipient's database. See Idempotency.

An agent that sets up a merchant's account directly with an acquirer. Onboarding, identity verification, transaction processing and risk are all assumed by the acquirer. Also known as an independent sales organization or merchant service provider (MSP).

An agent that sets up a merchant's account directly with an acquirer. Onboarding, identity verification, transaction processing and risk are all assumed by the acquirer. Also known as an independent sales office or merchant service provider (MSP).

A company that provides a software integration package for a merchant to work directly or indirectly with Rapyd.

A number for a bank account that is used for international transfers.

An international organization that develops and publishes standards for business and manufacturing.

Internet protocol address. A numeric identifier for the network interface for a computer host.

A financial institution that issues payment cards to cardholders. The issuer is a member of one or more card networks, such as Visa or Mastercard.

The process of verifying the identity of a business customer.

The process of verifying the identity of an individual consumer.

An error message on Ingenico point-of-sale terminals indicating that the software has become corrupted.

A part of the point-of-sale terminal that reads the magnetic stripe on payment cards.

A card transaction where the customer is not present but has placed the order by mail or telephone, and the sensitive personal information is manually entered by the merchant. Also known as a card-not-present transaction.

The main unit of a currency, which might be divided into minor currency units. For example, the major currency unit of the EUR currency is the euro.

A unique 48-bit identifier for hardware in a network, usually written as six pairs of hexadecimal digits.

Identification number of a merchant.

A company that connects a merchant with an acquirer, card issuers and customers, processing card payments and conducting 3DS authentication as required. Also known as a payment processor.

Password for interacting securely with the acquirer.

The subdivision of the main unit of a currency. For example, the minor currency unit of the EUR currency is the cent. Most currencies have a minor currency unit that is 1/100 of the value of the major currency unit. Some, such as the millime of TND, are worth 1/1000. Some currencies do not have a minor currency unit, such as JPY.

An electronic device that performs point-of-sale functions wirelessly, through cell-phone connection, wireless Ethernet or Bluetooth technology. For more information about Rapyd's mPOS solutions, see POS Terminal Guides.

An authentication process that uses two or more different ways to securely identify a user.

An industry-standard protocol for synchronizing clocks of computers and telephones.

A string of numbers or letters to authenticate a user.

Payout from the Rapyd Wallet to a card.

The process of moving money from a customer's payment method to the Rapyd Wallet. Also known as collect.

An alphanumeric code that identifies the payment account linked to the card.

All financial institutions that issue cards or process card transactions. The Payment Card Industry Security Standards Council develops and publishes regulations for the industry.

Regulations developed for the payment card industry for data security and protection against fraud.

A unique number for a payment card, usually 14 to 19 digits in length. Also known as a card number or primary account number (PAN).

An intermediary between the merchant and the acquirer. The PayFac sets up an account for the merchant (onboarding) and conducts identity verification. The PayFac uses its own account to process all of the merchant's transactions on behalf of the acquirer, which oversees the PayFac and is accountable to the card networks.

A network of banks or other parties that facilitate a transaction between the issuer and the merchant. Examples: VISA, Mastercard.

A company that connects a merchant with an acquirer, card issuers and customers, processing card payments and conducting 3DS authentication as required. Also known as a merchant service provider (MSP).

A company that helps merchants accept payments through methods such as cards, eWallets, and bank transfers.

A transaction that transfers money from a Rapyd Wallet to a third party, also known as a disbursement transaction.

Most stringent compliance level under the Payment Card Industry Data Security Standard (PCI-DSS). Clients with Level 1 clearance can handle personal identifying information for cards, such as card number, expiration date and cardholder name.

A secret number that a cardholder uses to prove that he or she is the authorized user of the card for monetary transactions. It usually consists of four digits.

Sensitive personal information that can be used to identify or locate an individual. PII is protected by law and PCI industry rules.

Point-of-sale terminal that handles chip-and-PIN payments.

A PCI standard for point-of-sale terminals that accept PIN codes.

In Rapyd, a pricing structure for a product of type service.

A retail location where a business or consumer can initiate a transaction in exchange for goods or services.

An electronic device that converts AC electricity from wall current to DC power required for electronic equipment such as computers.

The first phase of processing a card transaction, also known as authorization. The funds are placed on hold until the transaction is captured or cleared. The authorization confirms whether a card is valid, business rules and regulations are met, or the required funds exist.

A unique number for a payment card, usually 14 to 19 digits in length. Also known as a card number, payment card number or funding primary account number (FPAN).

The secret, private part of the key pair in asymmetric cryptography.

In Rapyd, the environment that transfers real funds.

The public part of the key pair in asymmetric cryptography.

In Rapyd, an electronic wallet for receiving, storing and disbursing funds.

A financial transaction that is completed in a few moments.

The process of comparing records to make sure that the outgoing and incoming funds are balanced with the funds that are spent or received.

A web address that points the user to a different web page.

Procedure for resetting all configuration parameters to the default factory settings.

In Rapyd, the sandbox environment provides most of the functionality of the production environment, without using real money. Interested persons can use the sandbox to explore Rapyd's product offering or to test software integrations with Rapyd's API.

A network of financial institutions that process card payments and transfer money from the cardholder to the merchant. The main actors in the scheme are the acquirer, which is the merchant's bank, and the issuer, which is the cardholder's bank. The scheme is also known as card network.

A text-messaging service for telephones and other electronic devices.

An initiative of European countries for simplification of local and cross-border bank transfers.

A business with up to a few hundred employees and annual revenue of a few hundred million dollars or less. Also known as Small and Midsized Business.

A part of the point-of-sale terminal that reads payment cards with chips.

International banking cooperative that provides:

Printable characters that are not alphanumeric or spaces.

` ~ ! @ # $ % ^ & * ( ) _ + - = { } | [ ] \ ; ' : " < > ? , . /

A unit of tangible, physical products for sale.

A merchant that is a customer of a payment facilitator.

A scheme for recurring charges to a customer. For example, a monthly parking fee or annual software license.

Online system for managing your Rapyd point-of-sale terminal.

A protocol that provides increased security for card-not-present transactions. Rapyd supports version 2.2.

A one-time password that is generated by an algorithm that uses the current time.

The process of generating a unique identifier for sensitive personal data. The data is stored in a secure location and the token is used to use it without directly accessing it.

A tokenized version of the PAN, such as a DPAN or card-on-file token.

To add money to an account or card for enough funds to make a payment. For example, to pay bills or make online purchases.

An identifier that uniquely identifies the relation between a payer and a beneficiary of a SEPA direct debit bank transfer.

The number of seconds elapsed since the beginning of the Unix epoch, which was 00:00:00 GMT on January 1, 1970. 10-digit integer.

Universally Unique Identifier. A 36-character alphanumeric string used to identify information. For example: The operation_id for each response is a UUID.

A secure server that stores PII information such as card details. The Rapyd vault is fully compliant with PCI Level 1 requirements.

A virtual IBAN number issued to a Rapyd Wallet.

A unique identifier for a bank account. A bank account can have several vIBANs. The account holder can use each vIBAN for a different purpose, which can simplify account reconciliation.

A notification of a specific event, independent of the normal HTTP/HTTPS request-response cycle.

A product or service that can be rebranded by someone else.

A list of trusted IP addresses.