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Payments Industry Terminology
The Payments industry can sometimes be a minefield of acronyms, industry jargon and complex definitions.
Here are a few of the main terminologies you will hear within the Payments industry and an explanation of each to ensure you are fully informed.
Acquirer
Acquirer is the term give to the bank that enables you to accept [...]
What is Software Compliance?
Software Compliance is the term used to cover the management of the application software in the Skyzer terminal fleet, and ultimately, the ongoing security and compliance of the New Zealand payments industry.
By way of background, in 2012 a number of important new requirements were introduced into the New Zealand payments market around ensuring that EFTPOS [...]