Time for a Level Playing Field for Regulated UK Gambling Payments
Download Whitepaper

Payments Glossary

A complete reference of payments terms from participant types to transaction processes.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

All terms

Showing 0 of 0

clear filters
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Security, Authentication & PCI

Token Vault

A token vault stores the encrypted mapping between payment tokens and card data, enabling secure stored-credential transactions.

Learn more
Payment Infrastructure

Least Cost Routing

Least Cost Routing (LCR) directs debit card transactions through the lowest-cost available network on co-badged cards to reduce interchange fees.

Learn more
Pricing & Costs

Merchant Discount Rate

The Merchant Discount Rate is the total fee a merchant pays per card transaction, covering interchange, scheme fees, and acquirer margin.

Learn more
Payment Infrastructure

Smart Routing

Smart routing selects the optimal acquirer for each transaction in real time to maximise approval rates and reduce processing costs.

Learn more
Fraud & Risk

ML Fraud Detection

ML fraud detection uses machine learning models to score transactions for fraud probability in real time.

Learn more
Payment Infrastructure

Payment Operations

Payment Operations (PayOps) is the business function managing reconciliation, settlement, disputes, and payment performance across a merchant's stack.

Learn more
Compliance & Regulation

AML

AML in payments covers the obligations to detect, prevent, and report money laundering through transaction monitoring and customer due diligence.

Learn more
Payment Methods & Rails

QR Code Payment

QR Code Payments enable transactions via scanned codes, dominant in Asia-Pacific and emerging in Latin America.

Learn more
Payment Infrastructure

Hosted Payment Page

A hosted payment page is served by the payment provider so card data never touches the merchant's servers, reducing PCI scope.

Learn more