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1 Payment Terminology - Coggle Diagram
1 Payment Terminology
Terms
CP (Card Present), CNP (Card Not Present)
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EMV
Chip card standard.
(EMV - EuroPay, Mastercard, Visa)
aka Smart card, Chip and Pin card
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Payments and Banking
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RTP (Real-Time Payments), P2P
International Payments (e.g. SWIFT, PayNow-PromptPay)
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Credit/Debit cards
Standard payment cards issued under a scheme
(Visa, MasterCard, Amex etc)
Prepaid Debit cards
Unlike regular debit cards, they don't need to be backed by a bank account (i.e. checking account), instead funds are loaded directly onto the prepaid cards, which are then used to make purchases.