​
Business
An entity engaged in commercial, industrial, or professional activities.
​
Organization
A group of people working together toward common goals, often structured in a formal system
​
Account
A record of financial transactions and balances associated with a specific entity.
​
Primary or Parent Account
The main account that may have subordinate accounts associated with it.
​
Subaccount
An account linked to and subordinate to a primary or parent account.
​
Virtual Account
An online representation of a traditional bank account, often used for specific purposes like online transactions.
​
Auto Settlement
Automatic processing and settlement of financial transactions without manual intervention.
​
Terminal
A device used for processing electronic payments, often connected to point-of-sale systems.
​
Webhook
A mechanism for real-time communication between systems, triggering events when certain actions occur.
​
Transaction
An exchange or interaction, typically referring to a financial activity.
​
Credit/Debit Transaction
Financial transactions involving the addition (credit) or subtraction (debit) of funds.
​
IAM (Identity and Access Management)
Security framework for managing digital identities and controlling access to resources.
​
Access Token
A credential used to access specific resources, often obtained after successful authentication.
​
PED (Pin Entry Device)
A device used for securely entering personal identification numbers (PINs) in electronic transactions.