2FA

2 Factor Authentication; a security process in which users provide two different authentication factors to verify themselves

3DS

3D Secure; a technical standard that adds a layer of security in online credit and debit card transactions

AML

Anti Money Laundering; a set of policies, procedures, and technologies that prevents money laundering

API

Application Programming Interface; a software intermediary that allows two applications to talk to each other

APM

Alternative Payment Method; a way of paying for goods or services which are not made via cash or major card schemes

APP

Application; software that bundles together certain features in a way that is accessible to a user

B scan C

Business scan Customer; a merchant scanning the QR code presented by the user to complete the payment

BR

Brazil

C scan B

Customer scan Business; a user scanning the QR code presented by the merchant to complete the payment

DFP

Device Fingerprint; a core identity that associates devices with risk control data

DWS

Digital Wallet Solution (also previously known as WLPA); a white-label digital wallet that enables payment using a stored-value payment account on users' electronic services

EEA

European Economic Area

EMI

E-money Issuer; any person that is responsible for the payment obligation and assumes the liabilities for the e-money being issued

EU

Europe

GMV

Gross Merchandise Value; a metric that measures your total value of sales over a certain period of time

ID

Identity; a set of characteristics that allows a person to be definitively and uniquely recognised

IPAY

Alipay; an internal DWS system

KYC

Know Your Customer; a process of verifying the identity of customer

MFA

Multi Factor Authentication; a security process in which users provide multiple different authentication factors to verify themselves

MY

Malaysia

OTP

One-time PIN/Password; an automatically generated 6-digit code that authenticates a user for a single session or transaction

P2P

Peer-to-Peer/Person-to-Person; a transaction that is made from a sender to a recipient

PCI-DSS

Payment Card Industry Data Security Standard; a set of security standards designed to ensure that credit card information is accepted, processed, stored or transmitted in a secure environment

PH

Philiphines

PIN

Personal Identification Number (also known as payment password within the system); a 6-digit numerical code that is used to authenticate a user to a system

SCA

Strong Customer Authentication; a requirement of the EU Revised Directive on Payment Services (PSD2) that ensures that electronic payments are performed with multi-factor authentication

SDK

Software Development Kit; a group of tools that enable the programming of mobile applications

SEA

South East Asia

SG

Singapore

SMS

Short Message Service; a way to send text-only messages of up to 160 characters between phones