Resources
Glossary
The terms used on this site, briefly defined. Where useful, each definition refers to the page that develops it.
- Electronic money
- Monetary value stored in electronic form, issued on receipt of funds and accepted in payment by third parties. It is not a bank deposit. Find out more.
- Earmarking
- Attaching rules of use to electronic money: authorised holder, recipient category, period, ceiling. Find out more.
- Programme
- Framework defined by a funder: envelope, rules of use, roles, expected reporting. Find out more.
- Issuer
- Institution authorised to issue electronic money on receipt of funds. Find out more.
- Distributor
- Where applicable, the entity that distributes electronic money on behalf of the issuer.
- Holder
- Person or organisation that holds a balance of electronic money and has a right to redemption under the conditions provided for.
- Recipient
- Person or organisation that accepts the operation in payment for a good or a service.
- Beneficiary
- In a solidarity or aid scheme, the person for whom the aid is intended. They are not necessarily the funder or the organisation.
- Ledger
- Record of the scheme’s entries. It establishes the integrity of a history, not the truthfulness of the data entered. Find out more.
- Redemption
- Conversion of electronic money into euros, under the conditions provided for in the contract. Find out more.
- Operation whose rules are satisfied: the amount is reserved on the available balance.
- Recorded operation
- Operation charged to the programme’s used amount. It is a second event, distinct from authorisation.
- KYC / KYB
- Know your customer, natural or legal person: identification elements collected at onboarding. Find out more.
- API
- Interface for exchange between systems. The applicable documentation is provided during scoping, for the scope adopted. Find out more.