Alipay glossary

  • AAA

    Acronym for “authentication, authorization, and accounting.” Protocol for authenticating a user based on their verifiable identity, authorizing a user based on their user rights, and accounting for a user’s consumption of network resources.

  • ABC

    Anti-bribery and corruption in the context of ABC Laws.

  • ABC Laws

    Those Relevant Laws intended to prohibit bribery or some other form of corruption, including fraud and tax evasion.

  • Acceptance Marks

    The Alipay+ Brand Mark and (if applicable) the Mobile Payment Partners’ Trade Marks identified by Alipay+ Core Operator to indicate the acceptance of Mobile Payment Partner Products.

  • Access Control List (ACL)

    An ACL (Access Control List) is a list of instructions that are applied to the router interface. These instruction lists are used to tell the router which packets can be received and which packets need to be rejected. Whether a packet is received or rejected can be determined by specific indications such as the source address, destination address, port number, and so on.

  • Access matrix

    A table that states the rights of each subject for every object in the system. The table could be in any format as long as the access rights to the object are clear defined and map to the subject.

  • Access Token

    Security credentials with login session that identifies user, user's group, user's permissions, and, in some cases, specific applications. Access Token can be used for payment.

  • ACIS business components

    The fundamental modules of ACIS that help Alipay+ Participants integrate with Alipay+ solutions. The modules achieve this by either complementing or compensating certain capabilities of the Alipay+ Participants.

  • AC network

    This refers to how we deal with foreign exchange in A+ business line

  • acquirer (acq)

    Business-facing financial institution that provides services to collect payment from issuers for merchants They acquire the money from the issuer and ensure that it is deposited into the business's account, allowing the transaction to be processed and completed

  • Acquiring Partner

    A Partner in its capacity as an acquirer or payment processor, including where it enters into a Merchant Agreement with a Merchant or an Indirect Participation Agreement with an Indirect Acquiring Partner, and processes Transactions directly or indirectly for its Merchants.

  • Acquiring Service Provider

    An Acquiring Partner participating in Alipay+ Core or other acquirer cooperating with a member of Ant Group to enable payments.

  • active clearing

    The entity who is accountable for delivering the clearing file while the conterparty need to receive the clearing file and finish recon by compareing the its' own transaction details comparing with the clearing file

  • active settlement

    The entity who is accontable for send the payment instrument

  • Address verification system (AVS)

    The Address Verification Service (AVS) checks the billing address submitted by the card user with the cardholder's billing address on record at the issuing bank to detect suspicious card transactions and prevent card fraud.

  • Adjustment

    The process of adjusting transactions due to equipment, communication lines, system processing, terminal operations and other reasons.

  • Affiliate

    With respect to a person, any other person that directly or indirectly Controls, is Controlled by, or is under the common Control of another person with, that person.

  • Airline

    Airline means the industry providing air transportation services for passengers and/or freight.

  • Alipay+

    Alipay+ is a global mobile payment and marketing solution suite.

  • Alipay+'s Center Partner Banks

    Alipay+ works with one of more of its Partner Banks to manage currency risk in Alipay+’s Operation Centers.

  • Alipay+'s Local Partner Banks

    Alipay+’s specifies a panel of Banks for each Territory, with which the Partner should open the settlement account.

  • Alipay+ Brand Guidelines

    The guidelines and instructions applicable to use of the Alipay+ Brand Mark as specified by Alipay+ and as updated from time to time.

  • Alipay+ Brand Mark

    A mark, including word, name, logo, design, symbol and trademark, as licensed to Alipay+ Core Operator for the operation of Alipay+ Core.

  • Alipay+ Client SDK

    A client-side SDK for Android and iOS that is used to help Issuing Partner integrate Alipay Connect payment products.

  • Alipay+ Code-Scanning Payment Standards

    A set of barcode (1-dimension) and QR code (2-dimension) scanning payment standards developed by Alipay+ to facilitate interoperability among Partners. This set of standards is composed of code format, routing rules, transaction processing rules, user experience design guidelines, and security guidelines, etc.

  • Alipay+ Combo

    An Alipay+ platform that enables consumers to use Mini Program applications.

  • Alipay+ Core

    The systems and services through which Alipay+ Core and its Affiliates deliver electronic payment processing, clearing and settlement services to Partners.

  • Alipay+ Core Operator

    Alipay Connect Pte. Ltd. and all of its Affiliates that operate Alipay+ Core, including its and their successors and assigns. When used in the Rules, Alipay+ Core Operator refers to Alipay Connect Pte. Ltd. or, if otherwise specified in the Participation Agreement, any of its applicable Affiliates.

  • Alipay+ Core Rules Release Guide

    The guide released by Alipay+ Core Operator with a Rules update, which sets out the Rules changes, the reasons for the changes and their respective effective dates and implementation dates.

  • Alipay+ Core Supported Multi-currency Pricing

    With respect to Online Merchants that provide Multi-Currency Pricing Service, the currencies set out in Section 4.4 of Alipay+ Core Operating Principles for Multi-currency Pricing (as may be updated from time to time by Alipay+ Core Operator) which are supported by Alipay+ Core Operator and which Merchants can select as the Transaction Currency.

  • Alipay+ Core Time Zone

    The currency in which the Alipay+ and a Partner settle their respective obligations under Rule 8 in which, unless otherwise set out in the relevant Participation Agreement, is the Local Currency of the Partner's Territory.

  • Alipay+ IP Rights

    All IP Rights in technology, infrastructure, signs or source indicators, documents and materials used to provide the Services, including source codes, the Alipay+ Code-Scanning Payment Standards, Payment Codes, Collection Codes, Code Issuer Identifiers, operational and technical infrastructure, and the Alipay+ Brand Mark.

  • Alipay+ Mobile Payment Partner

    A Partner in its capacity as a payment service provider where it issues a Mobile Payment Partner Product to a User, enters into a User Agreement with a User or processes a Transaction for a User.

  • Alipay+ Mobile Payment Provider (Alipay+ MPP)

    A Mobile Payment Partner participating in Alipay+ Core or other user- or issuer-facing payment service provider cooperating with a member of Ant Group to enable payments.

  • Alipay+ Partner Workspace

    An online platform on Alipay+'s portal through which Partners can query Transaction status, submit Disputes, and report fraudulent Transactions, etc.

  • Alipay+ payment method

    Alipay+ payment methods are the payment methods that have a partnership with Alipay+.

  • Alipay+ Payment Product

    Any of the four In-Store Payment or Online Payment products offered by Alipay+ to Partners: In-Store UPM Payment, In-Store MPM Payment, Cashier Payment and Auto Debit.

  • Alipay+ Server SDK

    A server-side component that is used to identify and process all the QR Codes and barcodes that Alipay Connect supports.

  • Alipay Merchant Services (AMS)

    Comprehensive acquiring services provided by Alipay for global merchants and institutions.

  • AML

    Anti-money laundering and counter-terrorism in the context of AML Laws.

  • AML and Sanctions Programme

    A person’s documented practices and operational procedures regarding the management and mitigation of money laundering and terrorism financing risk which meets any and all requirements under applicable AML Laws and Sanctions.

  • AML Laws

    Those Relevant Laws intended to combat money laundering, terrorist financing or related crimes.

  • Anchor

    Party that can register or write off Blockchain balance based on bank account balance of a remittance participant.

  • Android

    Android is Google's mobile operating system based on a modified version of the Linux kernel and other open source software. The system is mainly used in mobile devices, such as smartphones and tablets.

  • Antom Merchant Services (AMS)

    Comprehensive acquiring services provided by Antom for global merchants and institutions.

  • app

    An app, also known as a mobile application or a mobile app, is a software application designed to run on smartphones and other mobile devices.

  • app

    Application installed on user or merchant terminals, such as mobile phones.

  • App

    Application installed on user or merchant terminals, such as mobile phone.

  • app.json

    The app.json file contains the global configurations of a mini program, such as the page paths, window display, network timeout, and other configurations.

  • App Container

    App Container is a productive and secure runtime system that can run beautiful mini programs on both Android and iOS platforms, in apps that have mini programs integrated.

  • Application owner

    The person ultimately responsible for the risks and availability and support/maintenance of the application/system and for the security of the data residing on that system. Typically, Business system owners are the individuals ultimately accountable for budgeting and risks associated with the system.

  • application programming interface (API)

    An application programming interface (API) is a computing interface that defines interactions between multiple software intermediaries.

  • Application Programming Interface (API)

    An API (Application Programming Interface) is a set of defined rules that explain how software programs communicate with each other. APIs serve as an intermediary layer between different software programs to facilitate their interaction.

  • Approved Purpose

    Subject to any restrictions set out in the Participation Documents, (i) in relation to a Partner, as is necessary in order to facilitate that Partner’s participation in Alipay+ Core; and (ii) in relation to Alipay+ Core Operator, as is necessary in order to facilitate the provision of the Services (including the exercise of rights and performance of obligations under Participation Documents, managing AML/Fraud Risk, resolving any Disputes or facilitating the provision of Partner Products by other Partners).

  • articles of incorporation

    Articles of incorporation is a set of formal documents filed with a government body to legally document the creation of a corporation.

  • asynchronous notification

    Refers to an asynchronous notification from the Antom server to a merchant. The Antom server initiates the notification and feeds the processed result back to the merchant's website after the data received has been processed by Antom.

  • Atomic Cascading Style Sheets (ACSS)

    ACSS (Atomic Cascading Style Sheets) is a style language that describes the style of AXML components and determines how AXML components should be displayed. This approach to CSS (Cascading Style Sheets) architecture favors small, single-purpose classes with names based on visual function.

  • Audit log

    Also referred to as “audit trail.” Chronological record of system activities. Provides an independently verifiable trail sufficient to permit reconstruction, review, and examination of sequence of environments and activities surrounding or leading to operation, procedure, or event in a transaction from inception to final results.

  • authentication

    Check and verify merchant and acquirer information including company name, license number, and copy of business license.

  • Authentication

    Check and verify merchant and acquirer information including company name, license number, and copy of business license.

  • Authentication, Authorisation, and Accounting (AAA)

    Protocol for authenticating a user based on their verifiable identity, authorizing a user based on their user rights, and accounting for a user’s consumption of network resources.

  • authorisation

    Authorise (including its correlative meanings, authorised, authorisation or authorising) means the process whereby a participant, whose end user is seeking to make a payment, confirms and authorises Antom to issue a payment confirmed message to the participant whose end user is to receive the payment and to settle the relevant transaction in accordance with the rules.

  • Authorisation Client

    Institution that is authorized to use Access Token of users.

  • Authorisation Code

    The Authorisation Code is obtained by using an authorisation server as an intermediary between the client and resource owner, which follows the OAuth 2.0 Framework defined in IETF RFC 6749.

  • Authorisation or Authorise

    The process whereby a User authorises a Alipay+ Mobile Payment Partner to debit the User’s Payment Account and make payment to a Merchant.

  • Authorisation Service Provider

    Institution that provides Authorisation services.

  • Auto Debit

    The pre-authorised payment, initiated by the beneficiary, to debit a payer's account in favour of the beneficiary.

  • Auto Debit

    An Online Payment product provided by Alipay+ Core Operator, whereby a User enters into an Auto Debit agreement to bind a User Account with a Merchant’s service and enjoy automatic payment for subsequent Transactions.

  • Availability

    Whether or how often a system is available for use by its intended users. Because downtime is usually costly, availability is an integral component of security.

  • AXML

    AXML is a set of tag languages designed by the mini program framework to describe the structure of mini program pages. The AXML syntax can be broken down into five parts: data binding, conditional rendering, list rendering, templates, and references.

  • backend running

    The backend, often referred to as "server-side", usually handles the business logic and data storage for mini programs. Backend running, a status type, means that when a user closes a mini program or presses the Home button to leave a mobile app, the mini program is not closed but still running on the backend.

  • Bancontact

    The mainstream payment method in Belgium. Locally, there are three times more Bancontact cards than other credit cards.

  • Bank Identifier Code (BIC)

    A bank's unique identification code. A BIC is also called a SWIFT code.

  • Bank of the Philippine Islands (BPI)

    Bank of the Philippine Islands (BPI), the largest retail bank in the Philippines, has over 5 million digital users and an expansive digital ecosystem.

  • Bank transfer

    Bank transfer payment methods are the payment methods that allow a user to pay via online transfer or ATM transfer with a reference code obtained on Alipay's checkout page.

  • Basic Currency

    USD or CNY

  • Bastion host

    A special component that is deployed at the border of production network to control access to the network. It is the only channel to access the production network and it includes the function of identification authentication, resource authorization and operation audit.

  • Beneficiary

    Party to which an amount of money is due.

  • Beneficiary

    A beneficiary receives monetary or other forms of assets. Beneficiary refers to an individual who receives transfers through banks, electronic wallets, and transfer companies.

  • Beneficiary Agent

    Institution that processes payments on behalf of beneficiary.

  • Binding

    The operation of establishing relationship between items of information that is provided by cryptographic means.

  • BLIK

    BLIK was launched by Polski Standard Płatności in 2015, and it is the mainstream payment method in Poland.

  • Blockchain

    The Distributed Ledger Technology based on Ant Blockchain Platform.

  • Blockchain Balance

    The amount of funds at the anchor owned by Partner registered by the anchor bank on the blockchain ledger.

  • Book

    It essentially means a ledger. In the foreign exchange system, it is differentiated into client accounts (Client Book) and hedging accounts (Hedge Book). Each transaction is recorded in the Book, forming cumulative positions over time. The Hedge account carries the trading desk positions and exposures, while the Client account carries client positions and exposures.

  • Boost

    Boost is the fintech arm of Axiata in Malaysia. The e-wallet unifies financial services including payments, micro-financing, micro-insurance, and more.

  • Bring your own device (BYOD)

    Mobile phones, tablets, and other mobile devices brought by the employee to access the office network, which are owned by the employee.

  • Business owner

    The one who commissions a new IT service, adds major functionality to an existing IT service, and determines when to decommission the service based on lack of functionality or cost.

  • business register

    All commercial organizations (whether a limited company, sole proprietorship, or partnership) must apply for business register with the Business Registration Office under the Inland Revenue Department. Registered businesses must pay registration fees to obtain business registration certificates.

  • Business Territory

    Any jurisdiction where a Partner has obtained all necessary licenses, permits, approvals and registrations required under Relevant Laws to provide its Partner Products.

  • cancel transaction

    Cancel transaction within certain period before end of batch, remove original transaction record, does not appear in statement

  • Capture

    Capture is the process by which payments are secured once authorized. For a payment process to be complete when a credit or debit card is used as the method of payment, the card must first be authorized.

  • Card

    Cards carry the payment capabilities of card payment methods. A card can either be a debit card that is issued by a local settlement network or an international card that is issued by a card scheme.

  • Card-not-present transaction (CNP transaction)

    A card-not-present (CNP) transaction occurs when neither the cardholder nor the credit card is physically present at the time of the transaction. It’s most common for orders that happen remotely — over the phone or by fax, the internet, or mail.

  • Cardholder data

    At a minimum, cardholder data consists of the full PAN. Cardholder data might also appear in the form of the full PAN plus any of the following: cardholder name, expiration date and/or service code.

  • card issuer

    Customer-facing financial institution that supplies an individual with the payment card or eWallet they use to initiate a transaction. Card issuers are typically NOT Visa, Mastercard, American Express, Unionpay, etc. These companies provide the networks that process transactions, they are not involved in individual transactions or payments.

  • Card present transaction (CP transaction)

    A card-present transaction happens when the physical card is read with a point-of-sale (POS) terminal. A card-present merchant is often referred to as a brick-and-mortar store.

  • Card scheme

    Card schemes are also referred to as card networks, which set rules and maintain their settlement networks. Card schemes authorize members (including cardholders, issuing banks, merchants, and acquiring banks) to issue cards and process card transactions made by members.

  • Cascading Style Sheets (CSS)

    CSS (Cascading Style Sheets) is a style sheet language that describes the presentation of a document written in a markup language such as HTML or XML. It is used to create static elements on a web page, and can also be incorporated with other scripting languages to create dynamic elements on a web page.

  • Cashier Payment

    The payment scenario that the merchant or marketplace guides the user to rediriect to the Payment Service Provider's page to confirm the payment according to the URL address returned by the Acquirer.

  • Cashier Payment

    It refers to the payment scenario that the merchant or marketplace guides the user to redirect to the payment method provider's page to confirm the payment according to the URL address returned by the acquirer.

  • Cashier Payment

    An Online Payment product provided by Alipay+ Core Operator, whereby a Merchant redirects a User to the payment page of a Mobile Payment Partner to confirm the Transaction details and Authorise the Payment.

  • Certificate authority (CA)

    An authority trusted by one or more entities to create and sign public-key certificates. Optionally, the certification authority can create the subjects' keys.

  • certificate of incorporation

    A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation issued by the state government or, in some jurisdictions, by non-governmental entity/corporation.

  • Certificate signing request (CSR)

    In public key infrastructure (PKI) systems, a certificate signing request (or certification request) is a message or file following PKCS#10 sent from an applicant to a certificate authority in order to apply for a public-key certificate.

  • Certificate update

    The act or process by which data items bound in an existing certificate, especially Authorisations granted to the subject, are changed by issuing a new certificate.

  • Chargeback

    A chargeback occurs when a cardholder disputes a payment and contacts their issuer to ask their funds back from a merchant. when a chargeback occurs, Antom provides you with the following services: Antom notifies you of necessary information and freezes the funds related to the chargeback. Antom provides a card association with dispute materials. Antom notifies you of the liability judgment of the chargeback.

  • Chargeback reversal

    A chargeback reversal is the acknowledgment by an issuing bank that a transaction was valid, and that the cardholder's chargeback claim was invalid. When a merchant wins a chargeback reversal, the bank returns the disputed funds.

  • clearing

    To provide clearing data to the participant institutions for reconciliation.

  • Clearing

    The process of transmitting, aggregating, and netting transaction data and relevant fees for Payments and Refunds, prior to Settlement. Clearing results are concluded in Clearing Files, which contain data but do not actually exchange or transfer funds.

  • Clearing Agreement

    The agreement between Alipay+ and a Participant regarding settlement arrangements, including but not exclusive to settlement cycle, settlement time, and settlement currency.

  • Clearing Agreement

    The agreement between Alipay+ and Partner regarding settlement arrangements, including settlement cycle, settlement time, settlement currency, etc.

  • Clearing Cycle

    A period starting from, and including, 00:00 UTC+8 on a given calendar day and ending at, but excluding, 00:00 UTC+8 on the next calendar day.

  • Clearing Files

    The files that Alipay+ Core issues on the next calendar day following the daily Cut-off in respect of the relevant Clearing Cycle for Partners to see the details of data that are summarised after netting of the cleared Payments and Refunds. Clearing Files are composed of the following files: (a) Transaction Detail Report, which specifies the transaction details for transactions that were cleared during a Clearing Cycle; (b) Transaction Summary Report, which summarises the total amount of transactions that were cleared during a Clearing Cycle; and (c) Fee Report, which summarises the fee totals for transactions that were cleared during a Clearing Cycle.

  • client advice  (CA)

    ClientAdvice (CaptureAdvice), it is the cross currency transaction message when a payment is confirmed. The determination of FX exposure settlement is decoupled from the timing of fund confirmation. The agency transaction message can accurately confirm the FX exposure amount, proving more reliable than (HA) messages, which can be influenced by payment failures prior to success or payment cancellations, potentially failing to genuinely reflect the FX exposure situation. Although the agency message might have a latency in terms of timing, it still arrives ahead of actual fund confirmation, ensuring a more precise understanding of FX exposure albeit with a slight delay.

  • client trade

    Institution executes fx trades on behalf of client

  • Code Directory Service (CDS)

    A service provided by a technical platform that facilitates the dynamic maintenance of acquiring information supported by merchants, which can be retrieved from the CDS platform with an index number assigned by the CDS platform to each merchant.

  • Code Value

    Data that are encoded and stored in the QR code or barcode.

  • cold start

    A cold start refers to the process of starting a mini program from scratch. This means that the mini program's process has not been created until this start. Cold starts happen in cases such as your mini program's being launched for the first time since the device booted, or since the system terminated the mini program.

  • Collateral

    The amount of cash required to be provided by a Partner to Alipay+ Core Operator (or its designated Affiliate) as collateral for the performance of its payment obligations under the Participation Documents, or, as the context may require, the balance of the Collateral provided.

  • collection

    Different from payment, incoming funds refer to situations where we receive money before any transaction information is generated. A common example is when a customer recharges their WA account.

  • Collection Code

    The code presented by merchant for user to scan and complete payment, including store code, order code, and entry code. 

  • Collection Code

    The code presented by a Merchant for a User’s digital wallet to recognise in order to initiate Payment. Collection Code may be a store code or an order code.

  • Common Business Day

    In respect of Alipay+ Core Operator and an Acquiring Partner, a day on which (i) all banks are open for general banking business in the jurisdiction where Alipay+ Core Operator’s relevant Settlement Account is located, China (including Hong Kong) and New York, excluding a Saturday, Sunday or public holiday in any such jurisdiction, and (ii) settlement is available for the Acquiring Partner’s Settlement Currency according to market conventions.

  • Confidential Information

    Non-public, proprietary or other confidential information which by its nature or by the circumstances of the disclosure could be, or could reasonably be expected to be, regarded as confidential, whether in oral, written or other form, including: the content and performance of the Participation Documents, business plans, capitalisation tables, budgets, financial statements, costs, prices, and marketing plans, contracts and licences, employee, customer, supplier, shareholder, partner or investor lists, technology, know-how, business processes, trade secrets and business models, notes, sketches, flow charts, formulas, blueprints, and elements thereof, source code, object code, graphical design, user interfaces and other intellectual property, including that of any customer, supplier or other third party (including, in the case of Alipay+ Core Operator, the interface technologies, security protocol and certificate to any other website or enterprise provided by Alipay+ Core Operator). Regardless of whether the Receiving Entity obtains such information solely or partially from the Disclosing Entity, Confidential Information shall not include information that: (i) is or becomes (through no improper action or inaction by the Receiving Entity) generally known to the public; (ii) was in the Receiving Entity’s possession or known by it prior to receipt from the Disclosing Entity; (iii) was lawfully disclosed to the Receiving Entity by a third party and received in good faith and without any duty of confidentiality by the Receiving Entity or the third party; or (iv) was independently developed without use of any Confidential Information of the Disclosing Entity by employees of the Receiving Entity who have had no access to such Confidential Information.

  • Configuration

    Complete system configuration based on contracted products and rates.

  • Content Delivery Network or Content Distribution Network (CDN)

    CDN (Content Delivery Network or Content Distribution Network) is a geographically distributed network of proxy servers and their data centers. A distributed network improves the speed and quality of web performances for end users.

  • Contracting

    The process of selecting services and conducting contract configuration and contract approval.

  • Control (including its correlative meanings, Controlled by and under common Control with)

    The possession, direct or indirect, of the power either: (a) to vote based upon a holding of 25% or more of the securities, shares, stock, equity interest or comparable ownership interest having voting power; (b) to elect 25% or more of directors of the board (or comparable positions in the case of persons without directors); or (c) to direct or cause the direction of the management and policies of such person whether by contract or otherwise. For the purposes of the Participation Documents, neither Alipay+ Core Operator nor any Partner is Controlled by, or under common Control with, the other merely by reason of entering into the Participation Documents.

  • cookies

    Cookies are designed to be a reliable mechanism for websites to remember stateful information (such as items added in the shopping cart in an online store) or to record the user's browsing activity (including buttons clicked, pages visited, or login times).

  • Coordinated Universal Time (UTC)

    UTC (Coordinated Universal Time) is the primary time standard to regulate clocks and time. Mini programs display time in UTC as it is widely used across the world.

  • Coordinated Universal Time (UTC)

    Coordinated Universal Time (abbreviated to UTC) is the primary time standard by which the world regulates clocks and time. It is within about 1 second of mean solar time at 0° longitude, and is not adjusted for daylight saving time.

  • Coordinated Universal Time (UTC)

    Coordinated Universal Time (abbreviated to UTC) is the primary time standard by which the world regulates clocks and time. It is within about 1 second of mean solar time at 0° longitude, and is not adjusted for daylight saving time.

  • Credit Transfer

    A settlement method wherein a Partner or Alipay+ Core Operator (as applicable) transfers the relevant Net Settlement Amount to the bank account designated by the other party.

  • Critical Business Function

    A key function that relates to a Payment process, such as payment or account binding.

  • Cross-Border Transaction

    A Transaction where the applicable Business Territory of the Mobile Payment Partner is different from the jurisdiction where the Merchant is located. A Transaction where the applicable Business Territory of the Mobile Payment Partner and the location of the Merchant are both in the European Economic Area but not in the same country is a Cross-Border Transaction.

  • Cryptoperiod

    The time span during which a specific key is authorized for use or in which the keys for a given system or application remain in effect.

  • Currency Exchange

    In the context of Alipay+ transaction processing, Currency Exchange refers to the conversion from the settlement currency of one party (e.g. Issuing Partner) to the settlement currency of another party (e.g. Acquirer).

  • Currency Exchange Service Provider

    Institution that provides currency exchange services for Alipay+ and its participants.

  • Customer

    A merchant who receives services from a Partner. A Customer can access the WorldFirst website and perform business operations.

  • Cut-off

    The separation point of transaction data between two Clearing Cycles, which is 00:00 UTC+8 on each calendar day.

  • Cybersecurity Incident

    Any act or attempt, successful or unsuccessful, to gain unauthorised access to, disrupt or misuse the Partner’s System or information stored on the Partner’s System and any attempted or actual breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed.

  • DANA

    DANA is an Indonesian financial technology company that aims to accelerate digital literacy and financial inclusion through Indonesia’s cashless society.

  • Data disposal

    Data disposal refers to the disposing of data by using one or a combination of the following techniques: Data Destruction, Data Erasure and Data Deletion. Data destruction refers to the physical destruction of Storage Media so that the data contained within the media is non-recoverable. Data erasure refers to the irreversibly removal Data from Storage Media. Data deletion refers to the removal of data from Storage Media when it is possible to recover the data.

  • Data Links

    The Data and telecommunication connections between a Partner’s System and Alipay+ Core relevant to the Partner’s use of the Services and to the provision by the Partner of Partner Products.

  • Data masking

    Data masking involves masking or replacing all or part of an information field, such that the confidentiality of such data is maintained.

  • Data Subject

    Users and Merchants whose Personal Data is collected, officers, connected persons, employees and any other personnel of a Partner and other persons to whom Personal Data collected or used under or as contemplated by the Participation Documents relates.

  • Decryption

    Decryption is the reverse process of encryption.

  • Decryption

    Decryption is the reverse process of encryption.

  • Deep link

    Deep links are a type of link that send users directly to an app instead of a website or a store.

  • deliverable forward (DF)

    A deliverable forward contract involves the delivery of an agreed asset, such as currency. So, for example, in a forward contract involving a currency pair of USD/AUD, there would be a physical exchange of USD equivalent to AUD. Unlike in an NDF contract in which the difference between the NDF rate and the fixing rate gets settled in cash, a deliverable forward currency involves the delivery of the settlement currency when the contract matures

  • digital signature

    The result of a cryptographic transformation of data that, when properly implemented with a supporting infrastructure, provides the services of: 1. Origin authentication 2. Data integrity, and 3. Signer non-repudiation.

  • Digital Signature

    The result of a cryptographic transformation of data that, when properly implemented with a supporting infrastructure, provides the services of: · Origin authentication · Data integrity, and · Signer non-repudiation.

  • Digital Signature

    The result of a cryptographic transformation of data that, when properly implemented with a supporting infrastructure, provides the services of: · Origin authentication · Data integrity, and · Signer non-repudiation.

  • Direct Debit

    A settlement method provided by a bank wherein, pursuant to an instruction by Alipay+ Core Operator, the bank debits the relevant Net Settlement Amount from the Settlement Account of the Mobile Payment Partner pursuant to a standing authority established among the Mobile Payment Partner, Alipay+ Core Operator and the bank.

  • director/legal person

    In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on.

  • Director and Officer

    A natural person with significant responsibility to control, manage, or direct a legal entity customer, including: (i) An executive officer or senior manager (e.g., a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer); or (ii) Any other individual who regularly performs similar functions.

  • Disclosing Entity

    The entity disclosing Confidential Information, including its Representatives.

  • Disengagement Period

    The period for Alipay+ Core Operator and a Partner to fulfill their respective obligations related to Transactions cleared before the commencement of the Disengagement Period.

  • Dispute

    A Transaction-related dispute.

  • Distinguished name (DN)

    A Distinguished Name (DN) is used in a certificate to identify a certificate owner, or a certificate issuer (certificate authority).

  • Document Object Model (DOM)

    The DOM (Document Object Model) is a programming API for HTML and XML documents. It defines the logical structure of documents and the way a document is accessed and manipulated. With the DOM, developers can create and build documents, navigate their structure, and add, modify, or delete elements and content.

  • Doing Business As (DBA)

    Doing business as.

  • Doing Business As Name (DBA Name)

    A DBA Name is a name displayed by Merchants, other than their registered legal name, at merchant premise, website or other positions where Transactions take place, for Users to recognize the Merchant and Transactions.

  • Domain Specific Language (DSL)

    DSL (Domain Specific Language) is a computer language specific to a particular application domain. This is in contrast to a general-purpose language (GPL), which is broadly applicable across domains.

  • Domestic Transaction

    A Transaction where the applicable Business Territory of the Mobile Payment Partner is the same jurisdiction as where the Merchant is located. A Transaction where the applicable Business Territory of the Mobile Payment Partner and the location of the Merchant are both in the European Economic Area but not in the same country is not a Domestic Transaction.

  • DRP

    Dispute Resolution Platform

  • dynamic code

    One code value can only be used for one transaction. For example, the order code displayed on the merchant's terminal screen or printed on the cashier's receipt. After the user scans the code, the user usually does not need to enter the transaction amount to initiate the payment.

  • Dynamic Code

    One code value can only be used for one transaction. For example, the order code displayed on the merchant's terminal screen or printed on the cashier's receipt. After the user scans the code, the user usually does not need to enter the transaction amount to initiate the payment.

  • Dynamic Code

    One code value can only be used for one transaction. For example, the order code displayed on the merchant's terminal screen or printed on the cashier's receipt. After the user scans the code, the user usually does not need to enter the transaction amount to initiate the payment.

  • ECMAScript (ES)

    ES (ECMAScript) is a programming language adopted by the European Computer Manufacturer's Association (ECMA) as a standard for performing computations in web applications. It is a JavaScript standard to ensure the interoperability of web pages across different web browsers.

  • encryption

    The process of changing plaintext into ciphertext that is unreadable.

  • Encryption

    The process of changing plaintext into ciphertext that is unreadable.

  • Encryption

    The process of changing plaintext into ciphertext that is unreadable.

  • End-of-life

    All software products have life cycles. End-of-life refers to the date when a software development company no longer provides automatic fixes, updates, or online technical assistance for the product.

  • End-of-life 

    All software products have life cycles. End-of-life refers to the date when a software development company no longer provides automatic fixes, updates, or online technical assistance for the product.

  • endpoint

    The touchpoint of the communication between an API and another system.

  • Entity

    Any autonomous element or component within the PKI that participates in one form or another, such as managing or using certificates. An Entity can be a CA, RA, Subscriber, Relying Party (RP), and so on.

  • Entity

    Any autonomous element or component within the PKI that participates in one form or another, such as managing or using certificates. An Entity can be a CA, RA, Subscriber, Relying Party (RP), and so on.

  • entry code

    After the user scans the code, the app redirects to the page that is not provided by a payment method provider, and then the payment request is submitted to the payment method provider after completing some corresponding operations.

  • Entry Code

    After the user scans the code, the App redirects to the page that is not provided by a Issuing Partner, and then the payment request is submitted to the Issuing Partner after completing some corresponding operations.

  • Entry Code Payment

    One type of In-store Payment, which is initiated by the user scanning the entry code presented by the merchant.

  • EOD rollover

    EOD stands for End Of Day, it is a system process. Unsettled trading positions are rolled over to the next day at the prevailing market price, with the trading day being marked as T+1. This involves settling the profits and losses incurred on day T and adjusting the cost price to the current market price

  • equity structure chart

    A chart that graphically represents the share ratio of an organization and its corresponding relationships.

  • Escalation

    A process initiated by a Mobile Payment Partner to the relevant Acquiring Partner for a Refund in order to resolve a Dispute via the Alipay+ Partner Workspace.

  • External network

    Any network that is foreign to the Partner, or is out of the Partner's ability to control or manage.

  • fee rate

    The rate of the service fee. It can be referred to as fixed rate, percentage rate, fixed max rate, and fixed min rate. The fee rates can be applied individually or combined.

  • Fees

    The fees payable by a Partner to Alipay+ Core Operator or vice versa under the Participation Documents.

  • Firewall

    After a Merchant, an Institution or a Partner accessed Alipay through leased lines, the network connecting the Merchant, the Institution, or the Partner and Alipay need to be protected. Only specified hosts and ports of the firewall can be opened and the most strict access control must be performed by complying with the minimisation principle.

  • Force Majeure Event

    An act of nature, force or cause beyond an entity’s, its Affiliates’ or Representatives’ reasonable control, including: (a) a fire, flood, elements of nature or other acts of God; (b) an outbreak or escalation of hostilities, war, riots or civil disorder, or an act of terrorism; (c) internet, computer, telecommunications or electrical power failures or any other equipment failures; (d) a labour dispute (whether or not the employees’ demands are reasonable or within the entity’s power to satisfy); (e) acts or omissions of a Government Agency prohibiting or impeding the affected entity (or its Affiliates or Representatives) from performing its obligations under the Participation Documents, including orders of domestic or foreign courts or tribunals, governmental restrictions, Sanctions, restrictions on foreign exchange controls, etc.; (f) the non-performance by a third party for any similar cause beyond the reasonable control of the entity; or (g) the occurrence of any epidemic, pandemic or plague.

  • forward

    Forward is understood as relatively far away delivery date, which means there is a binding contract in the foreign exchange market that locks in the exchange rate for the purchase or sale of a currency on a future date. Delivery happens on the third working day after the trading day and onwards, Tenor >= T+3, and not longer than 1 year.

  • frontend running

    The frontend, often referred to as "client-side", is what users can see and interact with on a mini program. Frontend running, a status type, means that after the user opens a mini program, the mini program is running on the frontend.

  • fund processing capability

    Used to describe how fund platform supports the business from the fund perspective. Each fund processing capability can be structured for interpretation and implementation by the system. Divided into 2 levels: ● L1 - Ability to process inter-entity funds, such as domestic acquiring, cross border acquiring, collection-on-behalf, payment-on-behalf, etc. ● L2 - Ability to process intra-entity funds, such as topup, refund, withdraw, etc.

  • fund solutions

    Visualisation of virtual and actual flows of fund where the funds arranagement is combined based on a series of funds processing capability

  • Fund Transfer Initiator

    Institution that initiates fund transfer.

  • FX exposure

    FX exposure, known as currency risk, refers to potential for financial loss due to exchange rate fluctuations between currencies

  • GCash

    GCash is the leading e-wallet in the Philippines, with over 55 million users paying bills, buying phone credits, and making payments, all within one app.

  • Giropay

    Giropay is a popular German online payment system introduced in February 2006.

  • Git

    A repository for storing application source code.

  • Government Action

    any investigation, order or proceeding by a Government Agency that has adversely affected or is likely to adversely affect in a material respect any of the following: (a) the Partner’s operations or financial condition; (b) the Partner’s ability to meet any of Alipay+ Core’s due diligence requirements or to otherwise comply with its obligations under the Participation Documents; or (c) the reputation of Alipay+ Core Operator, any of its Affiliates or any Partners in Alipay+ Core.

  • Government Agency

    Any government, semi-governmental, statutory, administrative, revenue, fiscal or judicial body, department, commission, authority, agency, court of law, tribunal, stock exchange or other person having jurisdiction in connection with the activities contemplated by the Participation Documents and includes law enforcement bodies/agencies and any body having regulatory or supervisory authority under applicable law over any part of the business or affairs of Alipay+ Core Operator or a Partner.

  • green fund

    Flexible fund that can be used for prefunding business or investment purpose

  • H5

    A type of webpage that can be opened in browsers of mobile devices such as phones and tablets. H5 pages are also often referred to as mobile websites.

  • Hardening

    The process of securing a computer's administrative functions or inactivating those features not needed for the computer's intended business purpose.

  • Hardware

    The physical elements of a computer system; the computer equipment as opposed to the programs or information stored in a machine.

  • Hardware Security Module (HSM)

    Acronym for “hardware security module” or “host security module.” A physically and logically protected hardware device that provides a secure set of cryptographic services, used for cryptographic key-management functions or the decryption of account data.

  • Harmful Code

    Any computer virus or other code which is not intended to serve a legitimate purpose and which is harmful, destructive or disabling or which assists in or enables the theft, alteration, denial of service, unauthorised access to or disclosure, destruction or corruption of information, data or software.

  • Hash

    A function that maps a bit string of arbitrary length to a fixed-length bit string. Approved hash functions satisfy the following properties: · One-way: computationally infeasible to find any input that maps to any pre-specified output, and · Collision resistant: computationally infeasible to find any two distinct inputs that map to the same output.

  • Hash

    A function that maps a bit string of arbitrary length to a fixed-length bit string. Approved hash functions satisfy the following properties: One-way: computationally infeasible to find any input that maps to any pre-specified output; and Collision resistant: computationally infeasible to find any two distinct inputs that map to the same output.

  • Hedge Advice  (HA)

    HedgeAdvice，it is the cross currency transaction message when a payment is initiated, it doesn't mean the transaction must be settled. For instance, in scenarios like offline top-ups or cash-on-delivery, the confirmation of payment success could be delayed by several days. As a result, the timely recognition of FX exposure upon payment completion cannot always be guaranteed. Therefore, it is necessary to transmit HA messages across all modes to maintain system awareness and ensure that the FX system remains informed despite potential delays in payment confirmations.

  • hedge order (HO)

    Refers to hedging transactions, which are actual transactions conducted with exchange institutions. Normally a HedgeOrder will become a ExecutionOrder, but when adding trading strategy in HedgeOrder, it may be not. We can have one HedgeOrder and multiple Execution Orders.

  • Holder

    An entity that holds the key or certificate.

  • Holder

    An entity that holds the key or certificate.

  • Host Security Module (HSM)

    Refer to "Hardware Security Module".

  • hot start

    A hot start refers to when your mini program's process is already running in the background. In a hot start, all the system does is bring the mini program's activity to the foreground. This makes it a lot faster than a cold start because the activity is already present in memory. So the system has no need to repeat the initialization.

  • HSM

    Acronym for “hardware security module” or “host security module.” A physically and logically protected hardware device that provides a secure set of cryptographic services, used for cryptographic key-management functions or the decryption of account data.

  • HyperText Markup Language (HTML)

    HTML (HyperText Markup Language) is the most basic building block of web pages. It is a markup language that defines the meaning and structure of web content. HTML consists of a series of elements, which you use to enclose or wrap different parts of the content to make it appear a certain way or act a certain way.

  • icon

    An icon is a pictogram or ideogram displayed on a mini program in order to help the user navigate the mini program.

  • ID

    The identifier for a particular user or application

  • ID

    The identifier for a particular user or application

  • ID

    The identifier for a particular user or application.

  • IDC

    Internet Data Center, which is used to house computer systems and associated components, such as telecommunications and storage systems.

  • IDC equipment

    Equipment in IDCs, including servers, network devices, storage servers, infrastructures, etc.

  • IDC equipment 

    Equipment in IDCs, including servers, network devices, storage servers, infrastructures, etc.

  • iDEAL

    iDEAL is the most popular mainstream online payment method in the Netherlands and is accepted by major local banks.

  • idempotency

    In computer science, indempotency is a property of an operation that enables it to be applied multiple times without changing the result beyond the initial application.

  • Implementation Date

    Implementation Date means the date when a Partner must complete the implementation according to relevant requirements in the new version Rules or the date when a new service becomes available from Alipay+ Core.

  • In-Store MPM Payment

    An In-Store Payment product provided by Alipay+ Core Operator, whereby a User uses an application provided by a Mobile Payment Partner to recognise the Collection Code presented by a Merchant to initiate a Payment. MPM means Merchant-Presented Mode, the mode where a Merchant displays a code for Users to scan.

  • In-store Payment

    Payment in person made by payer to merchant.

  • In-store Payment

    Payment made in person made by the payer to the merchant.

  • In-Store Payment

    A Payment made in person at a Merchant Outlet.

  • In-Store UPM Payment

    An In-Store Payment product provided by Alipay+ Core Operator, whereby a Merchant recognises the Payment Code of a User to initiate a Payment. UPM means User-Presented Mode, the mode where a User displays a code for Merchants to scan.

  • Incident

    A system error, bug, incompatibility, or malfunction that affects the provision of Alipay+ Core Partner Products or Alipay+ Core Services (as applicable), or otherwise renders the Partner or Alipay+ Core Operator (as applicable) unable to perform its obligations in the Participation Documents.

  • Indemnified Entity

    Alipay+ Core Operator or a Partner (as applicable) that is entitled to seek indemnification in respect of a claim, under the Participation Documents.

  • Indemnifying Entity

    Alipay+ Core Operator or a Partner (as applicable) against which indemnification may be sought in respect of a claim, under the Participation Documents.

  • independent sales organization (ISO)

    An organization that sells services or marketing activities to merchants on behalf of acquirers.

  • Independent Sales Organization (ISO)

    Organization that sell services or marketing activities to merchants on behalf of acquirers.

  • Independent Sales Organization (ISO)

    Organization that sell services or marketing activities to merchants on behalf of acquirers.

  • independent software vendor (ISV)

    An institution that produces and sells software.

  • Independent Software Vendor (ISV)

    ISV (Independent Software Vendor) is an individual or organization that develops, markets, and sells software solutions that run on one or more computer hardware providers, operating systems, or cloud platforms. In a mini program, an ISV usually acts as the third-party service developer to develop and operate the mini program on behalf of merchants.

  • Independent Software Vendor (ISV)

    Institution that produce and sell software.

  • Independent Software Vendor (ISV)

    Institution that produce and sell software.

  • Indirect Acquiring Partner

    A person that enters into an Indirect Participation Agreement with an Acquiring Partners and Merchant Agreements with Merchants, enabling acceptance of Mobile Payment Partner Products by its Merchants.

  • Indirect Participation Agreement

    An agreement between an Acquiring Partner and an Indirect Acquiring Partner pursuant to which the Acquiring Partner provides a Partner Product to the Indirect Acquiring Partner enabling its Merchants to accept or submit Transactions.

  • Individual

    A living natural person who is the subject of personal information. Such Individuals include customers, potential customers, former customers, other individuals involved in the company’s business offerings, individual staff at other organizations with which the company does business, and employees.

  • Individual

    A living natural person who is the subject of personal information. Such Individuals include customers, potential customers, former customers, other individuals involved in the company’s business offerings, individual staff at other organizations with which the company does business, and employees.

  • Individual Taxpayer Registration（Cadastro Pessoal de Pessoa Física ） (CPF)

    The Individual Taxpayer Registration (CPF, Cadastro Pessoal de Pessoa Física) is the registry maintained by the Federal Revenue of Brazil, where any natural person must register once, regardless of age or nationality.

  • Information asset

    Information asset is generally referred to any item of software, whether owned by participants or licensed to participants by an external entity, and wherever stored; any item of hardware that contains a central processing unit or memory; or business application, being a collection of hardware and software instances that are combined to deliver a specific business solution.

  • Information asset

    Information asset is generally referred to any item of software, whether owned by Partners or licensed to Partners by an external entity, and wherever stored; any item of hardware that contains a central processing unit or memory; or business application, being a collection of hardware and software instances that are combined to deliver a specific business solution.

  • Information systems

    Electronic systems and physical components used to access, store, transmit, protect, and eventually dispose of information. Information systems can include networks (computer systems, connections to business partners and the Internet, and the interconnections between internal and external systems). Other examples are backup tapes, mobile devices, and other media.

  • Information systems

    Electronic systems and physical components used to access, store, transmit, protect, and eventually dispose of information. Information systems include networks (computer systems, connections to business partners and the Internet, and the interconnections between internal and external systems). Other examples are backup tapes, mobile devices, and other media.

  • inquiry

    The process of payment method provider and acquirer submitting transaction verification request to the network when they have questions about the original transaction.

  • Inquiry

    The process of payment service provider and acquirer submitting transaction verification request to the network when they have questions about the original transaction.

  • Inquiry

    The process of payment service provider and acquirer submitting transaction verification request to the network when they have questions about the original transaction.

  • Insolvency Event

    In relation to a person, such person: (a) being the subject of a winding-up application which is not dismissed within sixty (60) calendar days; (b) being under administration or in liquidation or provisional liquidation; (c) being subject to any moratorium, stay, judgement entered against it or any arrangement, assignment, compromise or composition with its creditors or any class of its creditors, in each case which prevents it from performing its obligations, or prevents any person from exercising its rights against it, under any contractual arrangements and which is not dismissed within thirty (30) calendar days; (d) ceasing to carry on business; (e) a mortgagee, other secured party, administrative receiver, receiver, receiver and manager, trustee in bankruptcy (or any similar official) enters into possession or control (and remains in possession or control for thirty (30) calendar days or more) of, or disposes of, the whole or any substantial part of the person’s assets or business; (f) disposing of the whole or any substantial part of its assets or business other than in the normal course of business; (g) being or being deemed under any applicable law to be unable to pay its debts as and when they fall due or being insolvent; or (h) something having a substantially similar effect to paragraphs (a) to (g) above happens in connection with that entity under any Relevant Laws.

  • Integrated application

    Refer to definition in Section 4.1 of Alipay+ Core Operation Guide for Cybersecurity.

  • Integrated Development Environment (IDE)

    An IDE (Integrated Development Environment) is a software for building applications that combines common developer tools into a single graphical user interface (GUI). An IDE typically consists of a source code editor, local build automation, and a debugger. The IDE for mini program development is called Mini Program Studio.

  • Integrated zone

    The network zone that the integrated applications are placed in. The integrated zone needs to be physically or logically isolated from other network zones.

  • integration

    Online testing according to the integration file under the testing environment to confirm contracted functions are valid.

  • Integration

    Online testing according to the integration file under testing environment to confirm contracted functions are valid.

  • Integration

    Online testing according to the integration file under testing environment to confirm contracted functions are valid.

  • Integration point

    When Issuing Participants integrate with ACIS, the integration point can refer to either an API, a batch job, a report, or any other form of integration objects that need to be developed.

  • Integrity

    Assurance that information is trustworthy and accurate; ensuring that information will not be accidentally or maliciously altered or destroyed (see “Data integrity”).

  • Integrity

    Assurance that information is trustworthy and accurate; ensuring that information will not be accidentally or maliciously altered or destroyed (see “Data integrity”).

  • Interchange++

    Interchange++ is a pricing model that consists of the fees charged by the relevant issuing bank, card scheme, and acquirer for processing every transaction.

  • internal trade

    Refers to internal transactions between bookkeeping accounts. These are not actual transactions with external parties. Typically, they occur between the Client Book and the Hedge Book. InternalTrade can be envisioned as a tool for transferring positions/exposures between Books.

  • International Bank Account Number  (IBAN)

    A combination of 16-34 alphanumeric characters that identifies an account at a particular bank and branch in a specific country.

  • Internet Data Center (IDC)

    Internet Data Center, which is used to house computer systems and associated components, such as telecommunications and storage systems.

  • Interpartner Fee

    An amount to be paid by the Acquiring Partner to Alipay+ Core Operator for each Payment. This amount is then passed on by Alipay+ Core Operator to the relevant Mobile Payment Partner involved in that Payment.

  • Investigation

    In relation to suspicious activity or transactions or potential non-compliance involving a Partner, such Partner collecting all relevant transaction data and documents (including such transaction data and documents requested by Alipay+ Core Operator), confirming whether there is any suspicious activity or transactions or non-compliance and timely reporting the findings to Alipay+ Core Operator.

  • IP Claim

    A claim against Alipay+ Core Operator as described in Section 11.1.3 of Alipay+ Core Rules: Main Rules or a claim against a Partner as described in Section 11.1.4 of Alipay+ Core Rules: Main Rules, as applicable.

  • iPhone OS (iOS)

    iOS (formerly iPhone OS) is the operating system for iPhone, iPad, and other Apple mobile devices.

  • IP Rights

    All industrial and intellectual property rights of any kind, including copyright, rights in computer software or source code, trade mark, service mark, design, patent, trade secret, semi-conductor or circuit layout rights, trade, business, domain or company names, moral rights, rights in Confidential Information, know-how or other proprietary rights (whether or not any of these are registered and including any application for registration), and all rights or forms of protection of a similar nature or having an equivalent or similar effect to any of these which may subsist anywhere in the world.

  • IP whitelisting

    A mechanism that enables configurations to allow the access from external parties from specific IP addresses.

  • ISO code

    The ISO country codes are internationally recognized codes that designate every country and most of the dependent areas a two-letter combination or a three-letter combination; it is like an acronym, that stands for a country or a state.

  • Issuer

    An entity that generates the key or certificate.

  • Issuer

    An entity that generates the key or certificate.

  • IT asset

    Generally referred to any item of software, whether owned by Partners or licensed to Partners by an external entity, and wherever stored; any item of hardware that contains a central processing unit or memory; or business application, being a collection of hardware and software instances that are combined to deliver a specific business solution.

  • JavaScript (JS)

    JS (JavaScript) is a scripting language that is used by web developers to design interactive sites and implement complex features on web pages. It can interact with HTML source codes, enabling web developers to enhance websites with dynamic content.

  • JavaScript Application Programming Interface (JSAPI)

    JSAPI (JavaScript Application Programming Interface) is the client-side (frontend) API of mini programs. It can be divided into 14 major categories by functionality, which include interface, multimedia, cache, file, location, network, device, data security, sharing, favorites, custom general menu, mini program version, custom analysis, and update management.

  • JavaScript Object Notation (JSON)

    JSON (JavaScript Object Notation) is a lightweight, text-based, language-independent data interchange format. It uses human-readable text to store and transmit data objects consisting of attribute-value pairs and arrays. JSON is easy for humans to read and write, and easy for machines to parse and generate.

  • Jump server

    A jump server, jump host, jump box, or secure administrative host is a (special-purpose) computer on a network typically used to manage devices in a separate security zone. The most common example is managing a host in a DMZ from trusted networks or computers.

  • Kakao Pay

    Kakao Pay is a fintech subsidiary of Kakao Corp in South Korea. It is building a lifestyle financial platform through Kakao Talk and the KakaoPay app.

  • key

    A key is a unique, generated electronic string of bits used for encrypting, decrypting, creating digital signatures, or validating digital signatures. The key can be the public/private key used in asymmetric cryptography, or the private key used in symmetric cryptography.

  • Key

    A key is a unique, generated electronic string of bits used for encrypting, decrypting, creating digital signatures, or validating digital signatures. The key can be the public/private key used in asymmetric cryptography, or the private key used in symmetric cryptography.

  • Key rotation

    Changing the key, or, replacing the key by a new key. The places that use the key or keys derived from it (such as authorized keys derived from an identity key, legitimate copies of the identity key, or certificates granted for a key) typically need to be correspondingly updated. With SSH user keys, it means replacing an identity key by a newly generated key and updating authorized keys correspondingly.

  • Know Your Business (KYB)

    Know your business.

  • Know Your Business  (KYB)

    Know Your Business

  • Know Your Customer (KYC)

    KYC is the mandatory process of identifying and verifying the client's identity. The intensive examination of account holders in the KYC policy is the institutional basis for anti-money laundering to prevent corruption.

  • Know Your Customer (KYC)

    KYC is the mandatory process of identifying and verifying the client's identity. The intensive examination of account holders in KYC policy is the institutional basis for anti-money laundering to prevent corruption.

  • KYC Check

    “Know your customer” due diligence and verification as well as Sanctions screening conducted as part of the onboarding processes and on an ongoing basis in accordance with AML Laws and Sanctions.

  • Late Payment Amount

    The total outstanding amount that a Mobile Payment Partner is obliged but fails to pay to Alipay+ Core Operator on a given Settlement Day, in any of the following cases: (a) in the case of Credit Transfer or Direct Debit settlement method, where Alipay+ Core Operator does not receive the full Net Settlement Amount owed by the Mobile Payment Partner to Alipay+ Core Operator before the beneficiary bank cut-off time on the Settlement Day; (b) in the case of Prefunding settlement method, where the Net Settlement Amount exceeds the Prefunding balance in the Settlement Account at the time Alipay+ Core Operator deducts funds from the account for Settlement; or (c) if the Mobile Payment Partner fails to pay Alipay+ Core Operator any other amount owed by the Mobile Payment Partner to Alipay+ under the Participation Documents when such payment falls due.

  • Late Payment Fee

    The fee that Alipay+ Core Operator may charge a Mobile Payment Partner if the Partner fails to fulfill its Settlement obligations.

  • Launch Date

    In relation to a particular Partner, the date on which the Partner first makes a Partner Product generally available to Users or Merchants (as applicable) through use of the Services.

  • Leased line

    Leased lines are fixed network communication lines used to connect the access platform and Partners, providing dedicated channels for communication and information exchange. Based on the network resources of Access Network, Transmission Network, and Backbone Network of operators, leased lines have better security and privacy. However, the rental price for leased lines is relatively high, and the redundancy configurations need to be conducted based on a negotiation between the access platform and the Partner.

  • Legal hold

    A directive to preserve certain records and information, whether physical or electronic, beyond their scheduled retention period. A legal hold may arise out of litigation or an internal or external investigation. A legal hold is sometimes referred to as a destruction hold, document hold, preservation notice or retention notice.

  • Liability shift

    Liability shift generally refers to responsibility for covering fraudulent transaction losses moving from the merchant to the issuing bank when the merchant authenticates the transaction using any of the 3D Secure (3DS) protocols. If the merchant does not authenticate the credit card transaction with a 3D Secure method, the merchant remains liable for chargebacks and fraud losses.

  • lifecycle

    Lifecycle refers to the process where a mini program is created, started, paused, evoked, stopped, and uninstalled. The lifecycle of a mini program can be divided into application lifecycle and page lifecycle.

  • like for like (L4L)

    L4L is an industry term in the payment sector. It means that the currency of the order and the actual settled CCY are the same. Here are a few points to consider: 1. The two entities involved in L4L can be between us and the payment channel, or between us and the merchant. Therefore, L4L is not a concept of end-to-end communication. 2. L4L is not synonymous with "local" or "cross-border." L4L simply refers to the currency model being used.

  • Liquidity Provider

    Institution that provides liquidity through financial instruments.

  • Local Business Day

    In respect of the Alipay+ and a Participant, a day on which all banks are open for general banking business in the Territory of the Participant, China, Hong Kong, Singapore and New York, excluding a Saturday, Sunday or public holiday in that region.

  • Local Business Day

    In respect of a Partner, a day on which all banks are open for general banking business in the Business Territory of that Partner, excluding a Saturday, Sunday or public holiday in that Business Territory.

  • Local Currency

    Means: (a) in relation to a Partner, the official currency of the relevant Business Territory of the Partner; or (b) in relation to a Merchant, the official currency of the jurisdiction where the Merchant is located.

  • Loss

    All claims, damages, losses, liabilities, costs and expenses of any kind and however arising, including legal costs (on a full indemnity basis), penalties, fines and interest, including those which are prospective or contingent and those the amount of which for the time being has not been ascertained or ascertainable.

  • Man-in-the-middle attack (MitM)

    A cyberattack where the attacker secretly intercepts and possibly alters communications between two parties that believe they are directly communicating with each other.

  • Marketing Asset Distributor

    Institution that distributes marketing assets.

  • Marketing Asset Distributor

    Institution that distributes marketing assets.

  • Marketing Asset Issuer

    Institution that issues marketing assets.

  • Marketing Asset Issuer

    Institution that issues marketing assets.

  • Marketing Asset Owner

    User that owns marketing assets. 

  • Marketing Asset Owner

    User that owns marketing assets.

  • Marketing Facilitator

    Party that provides operations services to a Alipay+’s participants. 

  • Marketing Facilitator

    Party that provides operations services to a Alipay+’s participants.

  • Marketplace

    Online platform through which goods or services are made available for sale by different Merchants to Users, e.g. AE, , Taobao, iTunes.

  • Material Rules Change

    With respect to a Partner, a change to the Rules that (i) requires mandatory technical or system implementation by the Partner which is not required under Relevant Laws applicable to the Partner and which increases the Partner’s costs in any material respect or (ii) imposes on the Partner any additional or increased fees or charges.

  • Maven

    A repository for libraries used by applications.

  • Merchant

    Person or institution that provides goods or services at bilaterally agreed price.

  • Merchant

    A person that enters into a Transaction with a User which is acquired by an Acquiring Partner or an Indirect Acquiring Partner, as applicable.

  • Merchant-presented Mode (C-scan-B Mode)

    User scans merchant presented code with digital devices, such as a mobile phone, to initiate payment.

  • Merchant-Presented Mode (C-scan-B Mode) (MPM)

    The user scans the merchant presented code with digital devices, such as a mobile phone, to initiate payment.

  • Merchant Agreement

    An agreement between an Acquiring Partner (or an Indirect Acquiring Partner, as applicable) and a Merchant for the transaction processing and settlement for the Merchant.

  • Merchant Cashier

    The person who collects money at the merchant's business premises.

  • Merchant Cashier

    The person who collects money at the merchant's business premises.

  • merchant category code (MCC)

    A code that represents the category of a merchant.

  • Merchant Category Code (MCC)

    A code which represents the category of a merchant.

  • Merchant Category Code or MCC

    A four-digit merchant category code issued by an Acquiring Partner or its Indirect Acquiring Partner (if applicable) with respect to a Merchant by reference to the Alipay+ MCC Standards.

  • Merchant Chargeback Monitoring Programme (MCM)

    A Monitoring Programme for Merchant Chargeback.

  • Merchant Display Name

    A name displayed by a Merchant at its stores, Online Store or other locations where Transactions take place, for Users to recognize the Merchant (which is not the Merchant’s registered legal name).

  • Merchant Fraud Monitoring Programme (MFM)

    A Monitoring Programme for Merchant Fraud.

  • Merchant ID or MID

    The unique identifier given by an Acquiring Partner or its Indirect Acquiring Partner (if applicable) to each of its Merchants which conforms to the methodology for allocating Merchant IDs specified by Alipay+ Core Operator.

  • Merchant Outlet

    A fixed place of business or physical location operated by a Merchant where the goods or services are made available for sale to Users and where Mobile Payment Partner Products are accepted.

  • Merchant Settlement Currency

    It means the currency in which a Merchant of an Acquiring Partner get settled from the Acquiring Partner.

  • Minimum Prefunding Amount

    The minimum amount a Partner should maintain in Alipay+'s designated account to cover the estimated Settlement amounts in a Settlement Cycle. The Minimum Prefunding Amount is reasonably determined by Alipay+ based on the Partner’s estimated business volume, Settlement Cycle, number of holidays, and Alipay+'s internal assessment results, and should be at least equal to the Partner’s Net Settlement Amount for three Transaction Days

  • mini program

    Mini programs are sub-applications that run inside a mobile app. Users can run mini programs inside other apps, without further need to download or install the new (native) apps. Mini programs can perform a variety of functions like native apps.

  • mini program component

    Mini program components are divided into basic components and extended components. Basic components implement basic functions such as view containers, texts, and forms in mini programs. Extended components are more complex, which include UI components and marketing components.

  • Mini Program Developer Portal

    Mini Program Developer Portal, also called Mini Program Platform, is a website where external developers can get tools, resources, and documentation for mini program development. To get access to the portal, the third-party developer needs to register a developer account and submit the necessary KYC (Know Your Customer) document for verification purposes.

  • mini program framework

    Mini program framework is a simple and efficient development framework, which allows developers to develop a mini program with native app services and experience. The entire mini program framework is divided into two layers: app and page. app refers to the whole program while page refers to the program's individual pages.

  • Mini Program Platform

    Mini Program Platform, also called Mini Program Developer Portal, is a platform that supports full mini program development lifecycle and runtime operations.

  • Mini Program Studio

    Mini Program Studio is the Integrated Development Environment (IDE) for developers to write codes for mini programs. It has a built-in simulator for previews, a debug console to monitor logs, and a full-fledged code editor that provides syntax lighting and auto-completion.

  • Mobile banking app

    Mobile banking app payment methods are payment methods that allow a user to pay in a bank app by entering a payment password.

  • Mobile Payment Partner

    A Partner in its capacity as a payment service provider where it issues a Mobile Payment Partner Product to a User, enters into a User Agreement with a User or processes a Transaction for a User.

  • Mobile Payment Partner Products

    Partner Products offered by Mobile Payment Partners to Users to enable the Users to discharge payment obligations to Merchants through the use of, or in reliance on, the Services.

  • Mobile Payment Provider

    A Mobile Payment Partner participating in Alipay+ Core or other user- or issuer-facing payment service provider cooperating with a member of Ant Group to enable payments.

  • MPP Settlement Currency

    It means any currency in which Alipay+ and a Mobile Payment Partner settle their respective obligations under Chapter 4 Clearing and Settlement which shall be specified in the Participation Agreement and, unless otherwise specified in the Participation Agreement.

  • Multi-currency Pricing Service

    A service offered by an Online Merchant to identify a Mobile Payment Partner’s applicable Business Territory and display the price of goods or services in the Local Currency of the Mobile Payment Partner.

  • Multi-currency Pricing Transaction

    A Transaction completed with Multi-currency Pricing Service.

  • National Institute of Standards and Technology (NIST)

    Non-regulatory federal agency within U.S. Commerce Department's Technology Administration.

  • Net Credit Position

    Means when a Net Settlement Amount is receivable by the Partner from Alipay+ Core Operator.

  • Net Debit Position

    Means when a Net Settlement Amount is payable by the Partner to Alipay+ Core Operator.

  • Net Settlement Amount

    The net amount in the Settlement Currency resulting from the calculation process described in Section 4.3.2.1 of Alipay+ Core Rules: Main Rules, which is set forth in the Settlement Report.

  • netting off

    A method of reducing credit, settlement and other risks of financial contracts by aggregating or combing two or more obligations to achieve a reduced net obligation. For example, A owes B $10k, and B owes A $15k. Assuming that the settlement date of both transactions and currency of exchange is the same, instead of A and B making two separate payments to each other, the transaction values can be netted. As a result, B would pay $5k to A, whereas A does not need to pay anything to B. This method is more commonly used for transactions of the same currencies, hence does not involve any currency exchange.

  • Network Address Transition

    After Partners accessed Alipay+ through leased lines, to protect the IP address and intranet information of both sides, the IP addresses of both sides are converted to virtual addressed. The business interactions between Partners and Alipay+ are completed with virtual address.

  • Network components

    Include, but are not limited to firewalls, switches, routers, wireless access points, network appliances, and other security appliances.

  • NIST

    Acronym for “National Institute of Standards and Technology.” Non-regulatory federal agency within U.S. Commerce Department's Technology Administration.

  • Node Package Manager (NPM)

    NPM (originally short for Node Package Manager) is the default package manager for the JavaScript runtime environment Node.js. It consists of a command-line client (also called NPM) and an online database of public and paid-for private packages (called the NPM registry). NPM puts modules in place so that node can find them, and manages dependency conflicts intelligently.

  • non-deliverable forward (NDF)

    This is an alternative settlement model compared to DF, where the principal amount is not exchanged, but only the differential in the target currency is settled. In some jurisdictions with stringent currency controls, such as Russia, where it's prohibited to take local currency like RUB abroad for conversion, local wallets must conduct exchanges through domestic institutions. Fixing Rate During these domestic conversions, significant risks arise due to exchange rate fluctuations; for example, the same amount of Rubles might convert to $100 today, $99 tomorrow, or $101 the day after. To mitigate this, we enter into a price-locking service agreement with our partnering exchange institution, shifting the exchange rate risk onto them，The local wallet collects amounts based on actual transactions, and according to the predetermined locked exchange rate, adjustments are made for any surplus or deficit. Essentially, transaction details along with the $100, $99, or $101 received by the local wallet are submitted to the exchange institution, which then converts this into $100 based on the agreed-upon locked exchange rate. This particular mode of operation is referred to as an NDF (Non-Deliverable Forward).

  • Non-Removable Storage Media

    Non-Removable Storage Media includes all permanently installed Storage Media, including Computer Internal Hard Disk Drive (HDD) (this includes laptops) and Enterprise Storage (also referred to as DASD-Direct Access Storage Device).

  • Non-technical Outsourcing

    Use of a mature back-office business system or product, which does not involve development, data analysis or data mining functions.

  • Office areas

    Work areas where employees support and realize objects and goals of the organization.

  • On-premise

    A deployment mode whereby ACIS is deployed in the infrastructure owned by participants.

  • onboarding

    The process of merchant and acquirer becoming Alipay participant through KYC, KYB authentication, and contract signing.

  • Onboarding

    The process of merchant and acquirer becoming AAC participant through KYC, KYB authentication, and contract signing. 

  • Onboarding

    The process of merchant and acquirer becoming AAC participant through KYC, KYB authentication, and contract signing.

  • Onboarding

    The process of Customers or Partners becoming WorldFirst participants through KYC, KYB authentication, or contract signing.

  • Online banking

    Online banking payment methods are the payment methods that allow a user to pay by authorizing the payment on a bank page.

  • Online Merchant

    A Merchant that makes its goods or services available for sale through an Online Store. Where a Merchant operates both a Merchant Outlet and Online Store, the Merchant shall only be treated as an Online Merchant in respect of Transactions that take place at its Online Store.

  • Online payment

    Payer completes payment through merchant online service page.

  • Online Payment

    Payer completes payment through merchant online service page.

  • Online Payment

    A Payment initiated through a Merchant’s Online Store.

  • Online Store

    A website or application (or equivalent) operated by a Merchant or (as applicable) an online platform or Marketplace operated by a Merchant or Indirect Acquiring Partner, by means of which goods or services are made available for sale over the internet or other electronic network.

  • Open API

    Open API is the server-side (backend) API of mini programs. With open APIs, mini programs can realize functions such as user authorization, acquisition of members' basic information, and acquisition of users' phone numbers.

  • Operating system

    A system that supports and manages software applications. Operating systems allocate system resources, provide access and security controls, maintain file systems, and manage communications between end users and hardware devices.

  • Operational Account (OA)

    OA is used for daily business transactions and operating expenses. Can be seen as the minimum amount of fund to guarantee operational activities

  • Operational Impact

    Any change in business operations that is caused by a rule change, for instance, a change in information disclosure procedure.

  • Operational readiness review

    The inspection of the actual system characteristics and the procedures used in the system or end product’s operation, ensuring that all system and support hardware, software, personnel, procedures, and user documentation accurately reflect the deployed state of the system.

  • Operation and Maintenance (O&M)

    O&M involves maintaining, repairing, and replacing if necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations. 

  • Operation and Maintenance (O&M)

    O&M involves maintaining, repairing, and replacing if necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations.

  • order code

    The code presented by the merchant for the user to scan and identify the order, and make payment.

  • Order Code

    The code presented by merchant for user to scan and identify the order, and make payment.

  • Order Code

    The code presented by merchant for user to scan and identify the order, and make payment.

  • Order Code Payment

    One type of In-store Payment, which is initiated by the user scanning the order code presented by the merchant.

  • Other unattended devices and end-point equipment

    Printer, scanner, multimedia devices, fax machine, etc.

  • OTP

    An acronym for One Time Password. OTP is an automatically-generated numeric or alphanumeric string of characters that can authenticate users for a single transaction or login session.

  • Package

    A suite of smaller chunks of source code that contains everything necessary to execute only one aspect of the desired functionality of a software program.

  • page lifecycle

    Page lifecycle refers to the entire process of a user from entering to leaving a page or jumping to another page in the mini program.

  • pageview (PV)

    A PV (pageview) is a web analytics term that refers to each time when a web page is successfully loaded onto a user's web browser.

  • Participation Agreement

    The Alipay+ Participation Agreement entered into between Alipay+ Core Operator and a Partner, as amended or restated from time to time in accordance with the terms thereof.

  • Participation Documents

    With respect to a Partner, the Rules, the Participation Agreement, and any other agreement entered into by Alipay+ Core Operator (or its Affiliate) and the Partner in relation to Alipay+ Core that is expressed to be a Participation Document.

  • Partner

    A third-party agency authorized by WorldFirst that integrates with WorldFirst and supplies services to Customers such as remittance, disbursement, account binding, online tripartite, etc.

  • Partner

    An entity with which Alipay+ Core Operator has a Participation Agreement, and, as the context requires, a reference to the Partner, in relation to a particular set of Participation Documents, means the Partner so named in the relevant Participation Agreement that forms a part of those Participation Documents.

  • Partner’s System

    The hardware and software used by the Partner to interface with Alipay+ Core to use Services.

  • Partner Product

    A product or service issued, provided or distributed by the Partner (or, in the case of an Acquiring Partner, by the Partner’s Indirect Acquiring Partners, if any) to the Partner’s Users or Merchants (as applicable), which (directly or indirectly) uses or relies upon one or more Services.

  • Partner Quota

    The total amount that a payment agent can use for initiating transactions, usually consisting of a prepaid amount and a postpaid amount granted by the liquidity provider.

  • passive clearing

    The oppiste side of active clearing

  • passive settlement

    The oppsite side of active settlement.

  • Patch

    Software code that replaces or updates other code. Frequent patches are used to correct security flaws.

  • Payer

    Party that owes an amount of money to the beneficiary.

  • Payer

    Party that owes an amount of money to the beneficiary.

  • Payer

    The party that makes the monetary payment during a transfer process.

  • Payer Agent

    Institution that processes payments on behalf of payer.

  • Payment

    The transfer of a Transaction amount between a User and a Merchant which is routed, cleared and settled through Alipay+ Core.

  • Payment Account (PA)

    An account which is used for payment.

  • Payment Account

    An account of a User through which a Mobile Payment Partner or a third party service provider provides services enabling the User to place funds into the account and execute Payments with the funds held in the account or any credit line that the Mobile Payment Partner or third party service provider provides to the account. Examples of such an account include an e-money account, debit card, credit card or bank account.

  • Payment Cancellation

    The Service provided by Alipay+ Core through which a Merchant can cancel an original Payment request.

  • Payment card information

    Payment card information includes Cardholder Data and Sensitive Authentication Data, as specified in the latest version of Payment card Industry Data Security Standard (PCI DSS). a. Cardholder Data includes primary account number (PAN), cardholder name, expiration date and service code; b. Sensitive Authentication Data includes full track data (PAN), CAV2/CVC2/CVV2/CID, PINs/PIN blocks.

  • payment code

    The code presented by the user on a user terminal for the merchant to scan and complete payment.

  • Payment Code

    The code presented by user on user terminal for merchant to scan and complete payment. 

  • Payment Code

    The code presented by a User for Merchants to recognise and initiate a Payment request.

  • Payment Confirmation

    A confirmation message from a Partner to Alipay+ Core, or from Alipay+ Core to a Partner, that a Payment has been confirmed successfully. It can be a “success” response to Payment request, a “success” Payment Status Notification, or a “success” response to a Payment Status Inquiry.

  • Payment Facilitator (PayFac)

    An entity which is onboard to an Acquiring Participant of Alipay+ to facilitate the acquiring of transactions from Merchants who is onboard to this entity.

  • Payment Status Inquiry

    The Service provided by Alipay+ Core through which a Partner can send an inquiry to Alipay+ Core regarding a Payment status.

  • Payment Status Notification

    The notification made by a Partner that processes a Payment request to notify the status of the Payment through Alipay+ Core the corresponding Partner that initiates the Payment.

  • Payment Switch

    Alipay+ Core transfer payment request from acquirer to payment service provider. 

  • Payment Switch

    Alipay+ Core transfer payment request from acquirer to payment service provider.

  • Payment System

    Any multi-participant system (other than Alipay+ Core) or other payment scheme for the routing, clearing or settlement of financial transactions, including local payment systems such as national card schemes, fast payment systems, and low-value or high-value payment clearing and settlement systems, as well as international card schemes.

  • PayU

    PayU is one of the most popular payment methods in Poland.

  • PCI DSS

    The Payment Card Industry Data Security Standard.

  • Permanent storage

    Any form of storage that retains data even when being out of power supply.

  • Permitted Disclosure and Uses

    The permitted disclosures and uses of Personal Data as set out in Section 7.3.1 of Alipay+ Core Rules: Main Rules.

  • Personal account

    A personal account is an account or ID that is assigned to a single individual user. Each individual needs to be identified with a unique user account or ID and is fully accountable for its usage.

  • Personal Data

    Any information relating to an identified or identifiable natural person (an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural, or social identity of that natural person) and any other information defined in Relevant Laws as “personal data”, “personal information” or similar terms relating to privacy and data protection.

  • Physical environment

    Physical space, buildings and other related environmental factors that allow Partners to operate normally.

  • physical funds

    The flow of the actual funds between bank accounts, reflects the the process flow of funds management.

  • PII

    Acronym of “personal identifiable information”. PII is any information that permits the identity of an individual to be directly or indirectly inferred, including any information that is linked or linkable to that individual. Sensitive PII is any PII that can be used to distinguish an individual's identity, and which, if lost, compromised, or disclosed without authorization, could result in substantial harm, direct financial loss or personal injury to an individual. Sensitive PII includes the following data elements: a) personal identification number, such as social security number, passport number, drivers’ license number; b) account number, credit or debit card number; c) any security code, access code, password or certificate that would permit access to an individual’s financial account; and d) biometric records, such as retina scan, voice signature, facial geometry. Non-sensitive PII is any PII excluding Sensitive PII.

  • Planned Maintenance

    A planned service launch, service upgrade, system maintenance, infrastructure adjustment, or other operation of a Partner that is relevant to Alipay+ Core, or of Alipay+ Core that is relevant to a Partner, as applicable.

  • Planned Marketing

    A promotional event that is planned by a Partner and is related to Transactions processed through Alipay+ Core.

  • Platform

    In this specification, platform refers to Alipay+ or AMS.

  • Platform

    In this specification, platform refers to Alipay+ or AMS.

  • position

    Position is the amount of security, asset, or property that is owned by some individual or other entity

  • Prefunding

    The process to make payments in advance for a transfer. A Partner needs to ensure the prefunding deposits are sufficient before initializing a transfer request.

  • Prefunding

    A settlement method wherein a Mobile Payment Partner must maintain sufficient funds for settlement in the bank account designated by Alipay+ Core Operator, which is deemed to be the Settlement Account for purposes of the Participation Documents.

  • Pretty Good Privacy (PGP)

    An encryption that uses a serial combination of hashing, data compression, symmetric-key cryptography, and finally public-key cryptography; each step uses one of several supported algorithms. 

  • Pretty Good Privacy (PGP)

    An encryption that uses a serial combination of hashing, data compression, symmetric-key cryptography, and finally public-key cryptography; each step uses one of several supported algorithms.

  • Privacy Laws

    Relevant Laws relating to privacy and data protection, including those which regulate the collection, storage, use or disclosure of Personal Data.

  • private key

    The secret part of an asymmetric key pair that is used to digitally sign or decrypt data.

  • Private key

    A cryptographic key, used with a public-key cryptographic algorithm, which is uniquely associated with an entity and is not made public. In an asymmetric (public) cryptosystem, the private key is associated with a public key.

  • Private Key

    The secret part of an asymmetric key pair that is used to digitally sign or decrypt data.

  • Privileged account

    An account that provides elevated or enhanced access to Partners owned or managed production environments (including, for example systems, platforms, databases, network devices and applications).

  • Processing

    Any operation or set of operations performed upon NPI, such as the collection, storage, alteration, retrieval, use, disclosure, combination, erasure or destruction of NPI.

  • Production data

    Data essential to complete day-to-day business tasks and processes.

  • proof of Concept  (POC)

    A realization of a certain method or idea in order to demonstrate its feasibility, or a demonstration in principle with the aim of verifying that a concept or theory has practical potential.

  • Przelewy24 (P24)

    Launched in 2004, Przelewy24 (P24) has become Poland's most popular mainstream payment method.

  • Public-key certificate

    The public key of an entity, together with some other information, rendered unforgeable by digital signature with the private key of the certification authority (CA) that issued it.

  • Public-key certificate

    The public key of an entity, together with some other information, rendered unforgeable by digital signature with the private key of the certification authority (CA) that issued it.

  • public key

    The public part of an asymmetric key pair that is typically used to verify signatures or encrypt data.

  • Public Key

    The public part of an asymmetric key pair that is typically used to verify signatures or encrypt data. 

  • Public Key

    The public part of an asymmetric key pair that is typically used to verify signatures or encrypt data.

  • publicly listed company

    A publicly listed company, public company, publicly traded company, publicly held company, or public limited company is a company whose ownership is organized via shares of stock that are intended to be freely traded on a stock exchange or in over-the-counter markets.

  • QR code

    Quick response code as defined in ISO/IEC 18004.

  • QR Code

    Quick response code as defined in ISO/IEC 18004.

  • QR Code

    Quick response code as defined in ISO/IEC 18004.

  • Quick Response code (QR code)

    A QR code (Quick Response code) is a type of barcode. It is used to provide access to information or mini programs on a smartphone.

  • Quote

    A price or exchange rate WorldFirst offers to Customers and Partners.

  • Receiving account (RA)

    The account assigned by WorldFirst to receive funds within the WorldFirst Global Funding Network. A unique receiving account is assigned to the customer once the onboarding process is completed.

  • Receiving Entity

    The entity receiving the Confidential Information, including its Representatives.

  • reconciliation

    The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.

  • red fund

    Safeguarding fund, which is reseved for meeting regulatory requirement on clients' fund, cannot be used for other purpose

  • Refund

    A partial or full return of a Payment initiated by an Acquiring Partner.

  • Refund Confirmation

    A message sent by Alipay+ Core to an Acquiring Partner or a Mobile Payment Partner confirming that the Refund has been successfully processed.

  • refund transaction

    This happens after client wanted to refund after batch clearing. Merchant needs to agree for this refund and need to initiate to acquirer. original transaction will not be removed

  • Regulator

    Government body that supervises a particular industry or business activity.

  • Regulator

    Government body that supervises a particular industry or business activity.

  • Relevant Law(s)

    With respect to a Partner or the Alipay+ Core Operator (as applicable), any law, statute, rule, regulation, licence condition, directive, treaty, judgment, order, guideline, decree, permit or injunction of any Government Agency, including any common law, and includes Sanctions, ABC Laws, AML Laws and laws, rules and regulations regarding Data, privacy, credit, financial services, market and consumer protection, in each case that is applicable to such Partner or the Alipay+ Core Operator (as the case may be).

  • Remote Devices

    Devices connect remotely to the institution’s network, which are either institution-owned or personally owned.

  • Representatives

    With respect to Alipay+ Core Operator or a Partner (as applicable), such person’s Affiliates and its and its Affiliates’ employees, directors, officers, agents (including Settlement Agents), auditors, advisers, partners, consultants, joint ventures, third party service providers (including Technical Service Providers), contractors or sub-contractors or any other person that acts at the direction of, or on behalf of, such party or its Affiliate in connection with the Participation Documents or Alipay+ Core. Unless otherwise expressly provided to the contrary in the Rules, with respect to a Partner, that Partner’s Users, Merchants and Indirect Acquiring Partners, acting in such respective capacities, are not Representatives for this purpose.

  • request

    A communication process to transmit data and send information by using the JSON programming language for an API.

  • Resource Owner

    Owner of Access Token.

  • response

    An HTTP response returned for an API, which generally includes the result of the request invocation.

  • Responsive Pixel (RPX)

    RPX (Responsive Pixel) refers to the units used in the mini program that are adaptive based on the screen width.

  • Retrieval Request

    A request from a Mobile Payment Partner for information or documents via the Alipay+ Partner Workspace when a Mobile Payment Partner or its User has concerns regarding a Transaction.

  • return transaction

    after payee give instruction to bank for payout, bank has deducted amount from payee's bank account. however the payment is not successful due to invalid information for beneficiary bank account, the fund will be returned to original payment account.

  • Risk Service Provider

    Institution that provides risk control services.

  • Risk Service Provider

    Institution that provides risk control services.

  • Router

    A router is a networking device that forwards data packets between accessed participants and Alipay+ Core. The router needs to support both static configuration and routing protocols such as OSPF or SLA.

  • Routing number

    The number used to identify a financial institution and specific bank branch where an account is held, including ABA routing number, BSB routing number, SORT code.

  • RSA digital signature mechanism (RSA)

    A digital signature mechanism defined in PKCS#1.

  • RSA digital signature mechanism (RSA)

    RSA (Rivest–Shamir–Adleman) is a public-key cryptosystem that is widely used for secure data transmission.

  • Rules

    (a) with respect to each Partner, Alipay+ Core Rules: Main Rules, including all schedules hereto; (b) with respect to any Partner located in the European Economic Area or the United Kingdom and any Partner in relation to Partner Products provided by it within such jurisdictions, Alipay+ Core Rules: Europe Region Chapter; (c) with respect to any Partner whose Business Territory is Malaysia and only with respect to Cross-Border Transactions involving it, Alipay+ Core Rules: Malaysia Chapter; (d) with respect to any Acquiring Partner whose Business Territory is the United States, the Alipay+ Core Rules: United States Chapter; (e) if such Partner’s Participation Agreement is dated on or before October 1, 2022, Alipay+ Core Rules: Legal Chapter (unless otherwise specified in the Participation Agreement); and (f) with respect to Acquiring Partners that conduct Cross-Border Transactions involving such Acquiring Partner and Alipay, the Alipay+ Core Rules: China Chapter, in each case, published by Alipay+ Core Operator and as amended or replaced by Alipay+ Core Operator from time to time in accordance with Section 1.2.2 of Alipay+ Core Rules: Main Rules.

  • SaaS

    A deployment mode whereby ACIS is provided to participants as a service.

  • Safe/Subset Javascript (SJS)

    SJS (Safe/Subset Javascript) is a set of custom scripting languages for mini programs. It is used to build page structure in AXML.

  • Safeguarding Account (SA)

    A safeguarding account is a segregated account which keeps customers' funds separate from a company's operational fund

  • Sanctioned Party

    An individual or an entity that is currently the subject or target of any Sanctions (including the Specially Designated Nationals and Blocked Persons list maintained by the United States Department of Treasury, Office of Foreign Assets Control and any similar list). This includes entities which are 50% or more owned or controlled by a Sanctioned Party.

  • Sanctions

    The economic and trade sanctions laws and related regulations, rules or restrictive measures administered, enacted or enforced by a Sanctions Authority.

  • Sanctions Authority

    The Office of Foreign Assets Control, the United States Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom, the Ministry of Public Security of the People’s Republic of China, the Ministry of Commerce of the People’s Republic of China or any other relevant Government Agency responsible for the administration, enactment or enforcement of Sanctions.

  • sandbox

    A sandbox is a security mechanism for separating running programs, usually in an effort to mitigate system failures and/or software vulnerabilities from spreading.

  • Scheme

    Platform that connects acquirers, payment service providers, payer agent, and beneficiary agent and provides payment switch and clearing, and other value added services for connected institutions. E.g. Alipay+。

  • Scheme Requirements

    Any applicable requirements, mandates and rules imposed by, a Local Payment System or a Cross-border Payment Scheme from time to time.

  • SDE

    Acronym for “Sensitive Data Environment”. The people, processes and technology that store, process, or transmit sensitive data. Refers to Section 4.1 of Alipay+ Core Operation Guide for Cybersecurity for more details.

  • secret key

    A cryptographic key that is used with a secret-key (symmetric) cryptographic algorithm that is uniquely associated with one or more entities and is not made public. The use of the term “secret” in this context does not imply a classification level, but rather implies the need to protect the key from disclosure.

  • Secret key

    A cryptographic key that is used with a secret-key (symmetric) cryptographic algorithm that is uniquely associated with one or more entities and is not made public. The use of the term “secret” in this context does not imply a classification level, but rather implies the need to protect the key from disclosure.

  • Secure coding

    The process of creating and implementing applications that are resistant to tampering and/or compromise.

  • Secure File Transfer Protocol/SSH File Transfer Protocol (SFTP)

    A network protocol that provides file access, file transfer, and file management over any reliable data stream.

  • Secure Hash Algorithm (SHA)

    SHA.

  • Secure Hash Algorithm (SHA)

    SHA.

  • Secure socket layer (SSL)

    SSL.

  • Secure socket layer (SSL)

    SSL.

  • Secure Sockets Layer (SSL)

    SSL (Secure Sockets Layer) is a standard security technology to establish an encrypted link between a server and a client. It provides privacy, authentication, and data integrity to Internet communications.

  • Security testing

    An umbrella term that might be used to describe multiple different approaches to test the security of different types of targets. These include scanning, vulnerability assessments, penetration tests, and functional security tests of custom applications, database, operating systems, and network topologies.

  • Sensitive areas

    Refers to any data center, server room or any area that houses systems that store, process, or transmit sensitive data.

  • Sensitive authentication data

    Security-related information (including but not limited to card validation codes/values, PINs, and PIN blocks) used to authenticate cardholders and/or authorize payment card transactions.

  • Sensitive data

    Sensitive data means: (a) wallet holder data; and (b) data about, or derived from, the process of authorisation.

  • Sensitive Data

    User Data and data about, or derived from, the process of Authorisation.

  • Sensitive Data Environment (SDE)

    The people, processes and technology that store, process, or transmit sensitive data. Refers to section 4.1 for more details.

  • Sensitive Data Environment

    The people, processes and technology that store, process, or transmit Sensitive Data.

  • Service Fee

    An amount of transaction fees paid by a Partner to Alipay+ Core Operator with respect to the interchange of a Payment.

  • Service Hours

    Monday to Sunday from 00:00 to 24:00, including all worldwide public holidays.

  • Service Level Agreement (SLA)

    An agreement which specifies the service level.

  • Service Level Agreement (SLA)

    An agreement which specifies the service level.

  • Services

    The services set out in Section 1.1 of Alipay+ Core Rules: Main Rules, as may be supplemented or amended from time to time by Alipay+ Core Operator.

  • Session

    A semi-permanent interactive information interchange, also known as a dialogue, a conversation or a meeting, between two or more communicating devices, or between a computer and user.

  • settlement

    To provide the result of settlement to the participant institutions.

  • Settlement

    To provide the result of settlement to the participant institutions.

  • Settlement

    The process of calculating the Net Settlement Amount with respect to each Partner in Settlement Reports and then the relevant party completing the Settlement Funds Transfer on the Settlement Day for all Payments and Refunds (and any other amounts) that are cleared during a Settlement Cycle.

  • Settlement Account

    A bank account or other account established and maintained for making Settlement Funds Transfer in respect of a Settlement Currency.

  • Settlement Account Servicer

    Institution that provides settlement account service to the settlement account owner.

  • Settlement Agent

    An institution engaged by a Mobile Payment Partner to settle funds related to transactions processed through Alipay+ Core on behalf of the Mobile Payment Partner to Alipay+ Core Operator.

  • Settlement Agreement

    The agreement between Alipay+ and Participant regarding settlement arrangements, including settlement cycle, settlement time, settlement currency, etc.

  • Settlement Agreement

    The agreement between Alipay+ and Partner regarding settlement arrangements, including settlement cycle, settlement time, settlement currency, etc.

  • settlement currency

    The currency in which Antom and a partner settle their respective obligations, which is set out in the relevant agreement.

  • Settlement Currency

    The currency in which the Alipay+ and a participant settle their respective obligations, which unless otherwise set out in the relevant participation agreement, is the local currency of the participant's territory.

  • Settlement Currency

    A currency in which Alipay+ Core Operator or a Partner, as applicable, fulfils its Settlement obligations, which is specified in the Participation Agreement.

  • Settlement Cycle

    A daily period starting from, and including, 00:00 UTC+8 on one calendar day and ending at, but excluding, 00:00 UTC+8 on the next calendar day, unless otherwise specified in the Participation Agreement.

  • Settlement Day

    The day on which Alipay+ Core Operator or the Partner is required to settle the Net Settlement Amount, which is specified in the Participation Agreement.

  • Settlement Exchange Rate

    For a particular currency pair, the relevant exchange rate as determined by Alipay+ and disclosed to each Partner in each Settlement Report or otherwise published by Alipay+ Core Operator by notice to the Partner via Alipay+ Core or a foreign exchange portal maintained by Alipay+ from time to time.

  • Settlement Files

    Include Clearing Files and the Settlement Report.

  • Settlement Funds Transfer

    The transfer of a Net Settlement Amount from a Partner to Alipay+ Core Operator or from Alipay+ Core Operator to a Partner (as applicable) on a Settlement Day, according to the Settlement Report.

  • Settlement Institution

    Institution that provides fund settlement services.

  • Settlement Institution

    Institution that provides fund settlement services.

  • Settlement Report

    A report in respect of a Settlement Cycle that Alipay+ Core generates for each Mobile Payment Partner and Acquiring Partner, respectively, on the Settlement Day.

  • SFTP

    The secure file transfer protocol.

  • shareholder

    A shareholder (also known as a stockholder) is an individual or institution (including a corporation) that legally owns one or more shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation.

  • SIAC

    The Singapore International Arbitration Centre.

  • signature

    An irreversible cipher (signature) that is generated by the information sender, which is sent to the receiver together with the original information.

  • Signature

    An irreversible cipher (signature) that is generated by the information sender, which is sent to the receiver together with the original information.

  • Signature 

    An irreversible cipher (signature) that is generated by the information sender, which is sent to the receiver together with the original information.

  • signature validation

    The information receiver verifies whether the original information and signature received are matched.

  • Signature Validation

    The information receiver verifies whether the original information and signature received are matched.

  • Signature Validation

    The information receiver verifies whether the original information and signature received are matched.

  • Sign up

    The process of generating an ID and initializing a login password by filling in email address and basic information.

  • Sign up

    The process of generating an ID and initializing a login password by filling in email address and basic information.

  • silence mode

    In a mini program, the silence mode requires the user's consent on a native app to collect the required information. In contrast, the user consent mode is used to get public user information without further permission from the wallet users.

  • Simple Mail Transfer Protocol (SMTP)

    SMTP (Simple Mail Transfer Protocol ) is a communication protocol for electronic mail transmission. It is used to send and receive emails.

  • SM2 digital signature mechanism

    A digital signature mechanism defined in ISO/IEC14888-3:2016/AMD1.

  • SM3 hash algorithm

    A hash algorithm defined in ISO/IEC10118-3:2018.

  • Sofort

    Sofort is one of the most used online banking transfer systems in Germany and its surrounding countries.

  • software

    Software generally refers to system software (e.g. operating system, utilities, and firmware) and application software (e.g. Microsoft Office) which the computer is able to execute.

  • Software

    Software generally refers to system software (e.g. Operating system, utilities and firmware) and application software (e.g. Microsoft Office) which the computer is able to execute.

  • Software

    Generally refers to system software (e.g. Operating system, utilities and firmware) and application software (e.g. Microsoft Office) which the computer is able to execute.

  • software development kit (SDK)

    A software development kit (SDK) is a collection of software development tools contained in one installable package.

  • spot

    Spot is also understood as immediate delivery, which means the exchange takes place at the exact point the trade is settled. You buy and sell the currency pair at the current market rate, known as the spot price. Delivery happens within the trading day to the second working day, Tenor = T+0 / T+1 / T+2.

  • square off

    The foreign exchange center, completes the settlement of currency positions with the foreign exchange institution, and our entity no longer bears any foreign exchange exposure.

  • statement file reconciliation

    Using our statement file to reconcile with the bank's statement file

  • static code

    The same code value is used for multiple transactions. For example, the store code printed on the merchant's materials, after the user scans the code, it is usually necessary to enter the transaction amount before the payment can be initiated.

  • Static Code

    The same code value is used for multiple transactions. For example, the store code printed on the merchant's materials, after the user scans the code, it is usually necessary to enter the transaction amount before the payment can be initiated.

  • Static Code

    The same code value is used for multiple transactions. For example, the store code printed on the merchant's materials, after the user scans the code, it is usually necessary to enter the transaction amount before the payment can be initiated.

  • stock symbol

    A stock symbol is an arrangement of characters—usually letters—representing publicly traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name. Investors and traders use the symbol to place trade orders.

  • Storage media

    All devices that have the capability to store electronic data, including Removable Storage Media and Non-Removable Storage Media. Removable Storage Media includes all transportable Storage Media, including but not limited to Compact Disk (CD), Digital Versatile Disk (DVD), External Hard Disk Drive, Flash Drive, Magnetic Tap, etc.

  • store

    Each operation place of a merchant.

  • Store

    Each operation place of a merchant.

  • store code

    The code presented by merchant for user to scan and identify the merchant, and make payment.

  • Store Code

    The code presented by merchant for user to scan and identify the merchant, and make payment.

  • Supported Local Currency

    Any Local Currency supported by Alipay+ Core Operator as a Settlement Currency. The list of Supported Local Currency as of the latest Rules publication date is specified in Schedule 1 Supported Local Currencies.

  • Suspension Event

    Any specified event giving rise to a right of Alipay+ Core Operator to suspend Services pursuant to Section 12.1 of Alipay+ Core Rules: Main Rules.

  • swap

    Also understood as delivery date swap, which is means there is an agreement to simultaneously borrow one currency and lend another at an initial date, then exchanging the amounts at maturity. This consits of two legs, which Leg 1 is spot rate and Leg 2 is forward rate.

  • sweep

    Transfering certain amount of intraday or end of day balance to specific bank account via configuration in advance

  • System Availability

    A system performance indicator that measures the total periods of Alipay+’s Core Operator or a Partner’s (as applicable) normal business operations in a given month.

  • System components

    System Components include network devices, servers, computing devices, and applications. Examples of system components include but are not limited to the following items: • Systems that provide security services (for example, authentication servers), facilitate segmentation (for example, internal firewalls), or might impact the security of (for example, name resolution or web redirection servers) the Partner’s trusted zone; • Virtualization components such as virtual machines, virtual switches/routers, virtual appliances, virtual applications/desktops, and hypervisors; • Network components including but not limited to firewalls, switches, routers, wireless access points, network appliances, and other security appliances; • Server types including but not limited to web, application, database, authentication, mail, proxy, Network Time Protocol (NTP), and Domain Name System (DNS); • Applications including all purchased and custom applications, including internal and external (for example, Internet) applications; and • Any other component or device located within the Partner’s trusted zone.

  • system integrator

    A company that markets commercial integrated software and hardware systems.

  • System Integrator

    Company that markets commercial integrated software and hardware systems.

  • System Response Time

    An API response time indicator (round-trip time) for a Partner’s System to interact with Alipay+ Core, or for Alipay+ Core to interact with the Partner’s System, as applicable, to support positive User experience.

  • Systems development life cycle (SDLC)

    An approach used to plan, design, develop, test, and implement an application system or a major modification to an application system.

  • Systems development life cycle (SDLC)

    An approach used to plan, design, develop, test, and implement an application system or a major modification to an application system.

  • Taxes

    All federal, state, provincial, territorial, county, municipal, local or foreign taxes, including sales, use, licence, excise, goods and services, value added, stamp or transfer taxes, duties, imposts, levies, assessments, tariffs, fees, charges or withholdings of any nature whatsoever levied, imposed, assessed or collected by a taxation authority together with all interest, penalties, fines or other additional amounts imposed in respect thereof, but excludes any taxes that are based on net income and imposed by the jurisdiction in which the relevant entity is incorporated or resident for tax purposes.

  • Tax Laws 

    Relevant Laws in relation to Taxes, including identification of persons for purposes related to Taxes.

  • Technical Impact

    Any update to Partner’s System to comply with a rule change.

  • Technical Service Provider

    A service provider that is engaged by a Partner to provide technical integration and/or transaction processing services to the Partner with regard to transactions processed through Alipay+ Core.

  • Technical Specifications

    Technical documents issued by Alipay+ Core Operator for Partners to set up connection with Alipay+ Core and integrate Services with the Partner’s System.

  • Termination Notice

    A written notice of termination issued by Alipay+ Core Operator or a Partner in accordance with the Participation Documents.

  • Test data

    Data specifically identified for use in tests, typically to verify that a given set of input to a given function produces yields the expected result. Test data does not contain any meaningful information.

  • Test Data 

    Data specifically identified for use in tests, typically to verify that a given set of input to a given function produces yields the expected result. Test data does not contain any meaningful information.

  • Third-party service provider(s)

    An entity that have access to or hold the information assets of participants, by contract or otherwise. Such services include but not limited to information technology advisory service, application design and development, operations and maintenance, data processing and storage, security managed services, etc.

  • Third Party Claim

    Any claim of any third party in respect of which the Indemnified Entity may seek indemnity under the Rules.

  • Third party service provider(s)

    An entity that have access to or hold the IT assets of Partners, by contract or otherwise. Such services include but not limited to information technology advisory service, application design and development, operations and maintenance, data processing and storage, security managed services, etc.

  • Threat

    Conditions or activities that have the potential to cause information or information processing resources to be intentionally or accidentally lost, modified, exposed, made inaccessible, or otherwise affected to the detriment of the organization.

  • Timesheet

    Timesheet, The amount of time actually spent on a project or task, measured in hours

  • TLS/SSL client certificate

    A certificate that is used to verify the authentication of an End-Entity to a server when a connection is being established through a Secure Socket Layer/Transport Layer Security (SSL/TLS) session (secure channel).

  • TLS/SSL server certificate

    A certificate that is used to verify the authentication of a web or application server to the client when a connection is being established through a Secure Socket Layer/Transport Layer Security (SSL/TLS) session (secure channel).

  • Token

    A small device with an embedded computer chip that can be used to store and transmit electronic information. A soft token is a software-based token.

  • Token

    A small device with an embedded computer chip that can be used to store and transmit electronic information. A soft token is a software-based token.

  • Tokenization

    Tokenization is a process of replacing sensitive data with ciphertext to prevent data leakage.

  • Tokenized Payment

    Tokenized Payment provides a quick, secure, and seamless method for buyers to complete one-time or recurring transactions. Once they authorize a trusted merchant, payments can be automatically deducted from their account without the need for manual actions.

  • Touch 'n Go (TNG)

    Touch 'n Go eWallet, the largest eWallet in Malaysia, provides digital payment and inclusive technology-driven financial services to over 17 million users.

  • trade advice  (TA)

    TradeAdvice, it is the cross currency transaction message when a payment's fund is confirmed. Upon fund confirmation, the receivable and payable relationship of the principal transfer can be promptly established after the formation of the entrusted conversion relationship. The Channel will promise to give us the currency amount we expected (based on settlement file or something).

  • Trade Mark

    Includes registered and unregistered trade marks and service marks, as well as any and all variations, modifications or enhancements to each of them, whether created before or after the effective date of a Partner’s Participation Agreement.

  • Transaction

    The transaction between a Merchant and a User in respect of goods or services, which gives rise to a Payment.

  • Transaction Amount

    It means, in relation to a Transaction to which a Partner is a party, the value of such Transaction.

  • Transaction Currency

    The currency in which a Merchant and a User conclude a Transaction.

  • Transaction Day

    The Clearing Cycle during which a Transaction occurs.

  • transaction details reconciliation

    Transaction detail dimension, reconcile each transaction with our entity's statement of flow

  • Transfer Route

    A transfer path between Payer Agent and Beneficiary Agent, including Partners such as Liquidity Provider, Currency Exchange Service Provider and Anchor Bank.

  • Transit QR Code

    A Payment QR code for a specific scenario in the transportation industry, which is characterised by the ability to complete transaction verification when both the acceptance terminal and the App are offline (with no network access).

  • TrueMoney Wallet (TrueMoney)

    TrueMoney Wallet is an all-in-one app for local users to pay for everyday needs such as mobile top-ups, bill payments, and make purchases.

  • Trust Account (TA)

    A legal arrangement in which the grantor allows a third party, the trustee to manage assets on behalf of the benficiaries of the trust

  • Trusted zone

    A channel in which the end points are known and data integrity is protected in transit. Depending on the communications protocol used, data privacy might be protected in transit. Examples include secure socket layer, internet protocol security and a secure physical connection.

  • Trust Line

    The maximum Anchor issued Blockchain balance that a remittance participant wants to possess.

  • Ultimate Beneficial Owner (UBO)

    A UBO or Ultimate Beneficial Owner is the person or entity that is the ultimate beneficiary when an institution initiates a transaction. A UBO of a legal entity is a person who holds an interest of minimum 25% capital of the legal entity and has a minimum of 25% voting rights at the general meeting of shareholders.

  • Ultimate Beneficial Owner (UBO)

    Each natural person who ultimately owns or controls 25% or more of the legal entity customer and/or each natural person on whose behalf a transaction is being conducted. It also includes those persons who exercise ultimate effective control over a legal person or arrangement. “Ultimately owns or controls” and “ultimate effective control” refer to situations in which ownership/control is exercised through a chain of ownership or by means of control other than direct control.

  • Unauthorised Transaction

    Any fraudulent Transaction or any other Transaction which has not been authorised by a User which occurs in relation to that User Account.

  • Unbinding

    The operation of removing the established relationship between items of information that is provided by cryptographic means.

  • Uniform Resource Identifiers (URI)

    URI (Uniform Resource Identifiers) is a unique identifier used by web technologies. URIs may be used to identify anything, including real-world objects, such as people and places, concepts, or information resources such as web pages and books.

  • Uniform Resource Locator (URL)

    A URL (Uniform Resource Locator), colloquially termed a web address, is a reference to a web resource that specifies its location on a computer network and a mechanism for retrieving it. A URL is a specific type of Uniform Resource Identifier (URI), although many people use the two terms interchangeably.

  • Uniform Resource Locator (URL)

    A Uniform Resource Locator (URL), is a reference to a web resource that specifies its location on a computer network and a mechanism for retrieving it

  • unique visitor (UV)

    A unique visitor (UV) is a person who visits a site at least once and is counted only once in a reporting period as determined by their IP address.

  • Untrusted network

    Network that is external to the networks belonging to an organization and which is out of the organization’s ability to control or manage.

  • URL

    Uniform Resource Locator

  • URL scheme

    URL Scheme allows users to open the merchant's app from other apps by tapping a custom URL, which is not recommended by iOS and Android anymore.

  • User

    Person or institution that uses goods or services at bilaterally agreed price.

  • User

    An individual who has entered into a User Agreement with, and obtains a Partner Product from, a Mobile Payment Partner.

  • User-Presented Mode (B-scan-C Mode)

    Merchant scans the user presented code with devices to initiate payment.

  • User-Presented Mode Payment

    One type of In-store Payment, which is initiated by the merchant scanning the consumer presented code with devices.

  • User Account

    An account or user profile of a User, comprising (i) the credentials and registration information for that User with the Mobile Payment Partner and (ii) if applicable, one or more associated Payment Accounts.

  • User Agreement

    An agreement between a Mobile Payment Partner and a User for provision of payment services (including processing and settlement) for that User.

  • user consent mode

    In a mini program, the user consent mode is the mode to get public user information without further permission from the wallet users.

  • user interface (UI)

    UI (user interface) refers to an interface that users actually see when they interact with a digital product. UI design involves the appearance and behavior of elements such as text input fields and control buttons that guide users to use the product.

  • User Payment Currency

    The currency in which a User of a Mobile Payment Partner funds his/her Payment Account or otherwise settles to the Mobile Payment Partner.

  • UTC

    Coordinated Universal Time.

  • Validation

    The information receiver verifies whether the original information and signature received are matched.

  • Validation

    The information receiver verifies whether the original information and signature received are matched.

  • Value date

    Value date, in finance, is the date when the value of an asset that fluctuates in price is determined. The value date is used when there is a possibility for discrepancies due to differences in the timing of asset valuation. It usually applies to forward currency contracts, options and other derivatives, interest payable or receivable.

  • VA Number

    The virtual account number assigned by Alipay+ to Partners to identify the source of funds for the purpose of fulfilling Settlement obligations

  • Virtual Account (VA)

    An account that is assigned by a banking institution to WorldFirst for making and receiving monetary transfers.

  • virtual funds

    To indicate the fund relationships between entities.

  • Virtual private network (VPN) (VPN)

    A VPN extends a private network across a public network, and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network.

  • Virtual private network (VPN)

    A VPN extends a private network across a public network, and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network.

  • Vulnerability

    A hardware, firmware, or software flaw that leaves an information system open to potential exploitation; a weakness in automated system security procedures, administrative controls, physical layout, internal controls, etc., that could be exploited to gain unauthorized access to information or to disrupt critical processing. 

  • Vulnerability

    A hardware, firmware, or software flaw that leaves an information system open to potential exploitation; a weakness in automated system security procedures, administrative controls, physical layout, internal controls, etc., that could be exploited to gain unauthorized access to information or to disrupt critical processing.

  • Wallet

    Wallet payment methods are also referred to as digital wallets. Wallets own a system of independent accounts. Users can complete online or in-store payments by using their accounts.

  • Wallet App

    App installed in user's mobile device, with functions such as payment.

  • WebView

    WebView is a view that displays web content inside the application. The mini program provides WebView components to implement this function.

  • Wireless Application Protocol (WAP)

    A protocol designed for micro-browsers, that enables the access of internet in the mobile devices.

  • yellow fund

    Operational funds which is reserved for daily business operational fund demand