Documentation

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

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 in the United States for bank transfers.

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.

An alphanumeric identifier for financial institutions.

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.

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

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.

A transaction where funds are withdrawn directly from a bank account by electronic means.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 product provided with the full range of features and services.

A digital wallet that receives, stores, and disburses funds. The eWallet can be funded by a variety of different payment methods.

Conversion of money from one currency to another.

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

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.

The process of verifying the identity of a business customer.

The process of verifying the identity of an individual consumer.

An authentication process that uses two or more different devices belonging to the same user.

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

A string of numbers or letters to authenticate a user.

A transaction that transfers money from a customer to a Rapyd Wallet, also known as a collect transaction.

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 network of banks or other parties that facilitate a transaction between the issuer and the merchant.

A company that helps other third parties 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.

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

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.

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.

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 text-messaging service for telephones and other electronic devices.

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

Printable characters that are not alphanumeric or spaces.

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

A unit of tangible, physical products for sale.

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

A protocol that provides increased security for card-not-present transactions. Rapyd supports version 2.0.

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.

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

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.

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 an 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.