Industry WIKI

Serviceability in Australian banking is the ability of a debtor to meet loan repayments. In the 1990s debt serviceability criteria had been relaxed, but nowadays it's harder to get finance. Every creditor has own serviceability model.

Settlement is the "final step in the transfer of ownership involving the physical exchange of securities or payment". After settlement, the obligations of all the parties have been discharged and the transaction is considered complete.

Settlement risk, also known as delivery risk or counterparty risk, is the risk that a counterparty (or intermediary agent) fails to deliver a security or its value in cash as per agreement after the first party has delivered the security or cash value. The term covers factors incidental to the settlement process that may suspend or prevent a trade from completing, even should the partie

Shetab (Persian: شتاب, lit. 'Acceleration'), officially the Interbank Information Transfer Network (Persian: شبکه تبادل اطلاعات بین بانکی), is an electronic banking clearance and automated payments system used in Iran. The system was introduced in 2002 with the intention of creating a uniform backbone for the Iranian banking system to handle ATM, EFTPOS and other card-based transactions.

Shift4 Payments, Inc. is an American payment processing company based in Allentown, Pennsylvania. The company, founded in 1999 by the then 16-year-old Jared Isaacman, processes payments for over 200,000 businesses in the retail, hospitality, leisure, and restaurant industries. Shift4 specializes in commerce technology such as mobile payment software and hardware. The company was publicly

Shop Pay (also known as Shop, and formerly known as Shopify Pay) is a checkout and payment method developed by Shopify. The service allows users to securely store shipping and billing information in their Shop account, enabling one-click checkouts across online stores that offer Shop Pay.

SIA S.p.A. is an Italian company operating in the area of ICT, providing services to the banking and finance sector in addition to platforms for financial markets and e-payment services.

The Single Euro Payments Area (SEPA) is a payment-integration system of the European Union that makes cross-border bank transfers in euros as fast, cheap, and simple as domestic payments. It allows individuals and businesses to make cashless euro transfers to any account within the zone using a single bank account and an International Bank Account Number, under the same basic conditions

Skrill is part of Paysafe Limited, a global payments platform. It is one of Paysafe's digital wallet brands and was established in 2001 to offer multiple online payment and money transfer services. The company facilitates multiple payment options including card payments, bank transfers and local payment methods. The funds in a Skrill account can then be used to pay merchants and other S

A smart card (SC), chip card, or integrated circuit card (ICC or IC card), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide perso

SmartTAG (acronym in Malay for Sistem Membayar Automatik Rangkaian Tol or "Toll Network Automatic Payment Systems") is an on-board unit (OBU) vehicle-based device used as an electronic toll collection (ETC) system over long distances (maximum 15 metres) to complement Touch 'n Go, a card-based system. It was first introduced in Malaysia in 1999 and is also used as an Entrance Access Secur

SMS banking is a form of mobile banking. It is a facility used by some banks or other financial institutions to send messages (also called notifications or alerts) to customers' mobile phones using SMS messaging, or a service provided by them which enables customers to perform some financial transactions using SMS.

SMSCOIN is a mobile payment systems provider which specializes in SMS payments in particular, and provides premium SMS services in 92 countries supporting hundreds of mobile carrier networks worldwide. The main goal of the project was, and still is, to cover as many countries worldwide as possible.

JVL Ventures, LLC d/b/a Softcard (formerly Isis Mobile Wallet), was a joint venture between AT&T, T-Mobile and Verizon which produced a mobile payments platform known as Softcard, which used near-field communication (NFC) technology to allow users to pay for items at stores and restaurants with credit and debit card credentials stored on their smartphones. The partnership was first annou

Sort codes are the domestic bank codes used to route money transfers between financial institutions in the United Kingdom, and formerly in Ireland. They are six-digit hierarchical numerical addresses that specify clearing banks, clearing systems, regions, large financial institutions, groups of financial institutions and ultimately resolve to individual branches. In the UK they continue

SparkBase, LLC (SparkBase or SB) was a stored-value and gift card transaction processor located in Cleveland, Ohio, United States from 2004 to 2016. It provided private-label, stored-value, specialty gift cards, customer loyalty, and community rewards programs to Independent Sales Organizations (independent companies used by banks to develop new merchant relationships on their behalf).

Special drawing rights (SDRs, code XDR) are a supplementary foreign exchange reserve asset defined and maintained by the International Monetary Fund (IMF). SDRs are the units of account for the IMF, and not a currency; rather, SDR value is based on a basket of currencies, the specific composition of which is reviewed every five years. SDRs represent a claim to currency held by IMF member

Speedpass was a keychain radio-frequency identification (RFID) device introduced in 1997 by Mobil (which merged with Exxon to become ExxonMobil in 1999) for electronic payment. It was originally developed by Verifone. By 2004, more than seven million people possessed Speedpass tags, which could be used at approximately 10,000 Exxon, Mobil and Esso gas stations worldwide.

The System for Transfer of Financial Messages (Russian: Система передачи финансовых сообщений, romanized: Sistema peredachi finansovykh soobscheniy), abbreviated SPFS (Russian: СПФС), is a Russian equivalent of the SWIFT financial transfer system, developed by the Central Bank of Russia. The system has been in development since 2014, when the United States government threatened to discon

In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures

Square is a point-of-sale system for sellers with physical or online stores. Launched in 2009 by Block, Inc. (formerly Square, Inc.), it enables merchants to accept card payments and manage business operations. As of 2024, Square is the U.S. market leader in point-of-sale systems, serving 4 million sellers and processing $228bn annually.

The State Bank Archives and Museum is an initiative to document and preserve the history of banking in the Indian subcontinent. The archive and museum opened on 13 May 2007 in the State Bank of India (SBI) headquarters in Kolkata.

Stellar, or Stellar Lumens (symbol: XLM), is a cryptocurrency protocol which allows transactions between any pair of currencies.

In macroeconomics, sterilization is action taken by a country's central bank to counter the effects on the money supply caused by a balance of payments surplus or deficit.

The STET-CORE system is a French interbank automated clearing house. STET SA, whose name refers to Systèmes Technologiques d'Echange et de Traitement (lit. 'Exchange and Processing Technological Systems'), is the system's operating company, based in Paris La Défense. CORE, whose name refers to COmpensation REtail (compensation being French for clearing), is the main platform developed by

A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock

The Stockholm congestion tax (Swedish: Trängselskatt i Stockholm), also referred to as the Stockholm congestion charge, is a congestion pricing system implemented as a tax levied on most vehicles entering and exiting central Stockholm, Sweden. The congestion tax was implemented on a permanent basis on 1 August 2007, after a seven-month trial period between 3 January 2006 and 31 July 200

A stored-value card (SVC) or cash card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card. Like cash, payment cards can be used anonymously as the person holding the ca

Stripe, LLC is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.

Strong dollar policy is United States economic policy based on the assumption that a "strong" exchange rate of the United States dollar (meaning it takes fewer dollars to purchase the same amount of another currency) is in the interests of the United States. In 1971, Treasury Secretary John Connally famously remarked how the US dollar was "our currency, but your problem," referring to ho

Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally.

SumUp is a British financial technology company headquartered in London. SumUp’s primary product is an EMV card reader and a number of online payment and bank account system for merchants and businesses.

A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. Retailers generally incur higher costs when

In finance, a swap is a derivative in which two parties agree to exchange one stream of cash flows for another, based on some agreed formula. An example is a floating-for-fixed interest rate swap, which calls for (a) payments by one party based on the product of a floating interest rate and a fixed amount, called the notional, in exchange for (b) payments by the counterparty based on the

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium (French: Société Coopérative) and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. It also sells software and services to financial insti

Swish (Swedish pronunciation: [swɪʂː] or [svɪʂː]) is a mobile payment system in Sweden. The service was launched in 2012 by six large Swedish banks, in cooperation with Bankgirot and the Central Bank of Sweden. It had 8 million users as of July 2022 (total Swedish population: 10.2 million).

A synthetic CDO is a variation of a collateralized debt obligation (CDO) that generally uses credit default swaps (CDSs) and other derivatives to obtain its investment goals. As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. The value and payment stream of a s

Systemically important financial market utilities (SIFMUs) are entities whose failure or disruption could threaten the stability of the United States financial system. To date eight entities in the U.S. have been officially designated SIFMUs.

SystemSpecs is a Nigerian computer software company based in Lagos.

T2 is a financial market infrastructure that provides real-time gross settlement (RTGS) of payments, mostly in euros. It is operated by the European Central Bank and is the critical payments infrastructure of the euro area. With turnover in the trillions of euros every day, it is one of the largest payment systems in the world. It is one of three so-called TARGET Services, together with

Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).

TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999. Like the other TARGET Services, it was

TARGET2-Securities, in shorthand T2S, is the Eurosystem's platform for securities settlement in central bank money. T2S offers centralised delivery-versus-payment (DvP) settlement across several European securities markets, without being itself a central securities depository (CSD) since it does not offer CSD services such as custody or asset servicing.

Tarjeta bip! ("bip! card") is the contactless payment method used in the public transportation system of Red Metropolitana de Movilidad in the metropolitan region of Santiago, Chile.

Terra is a blockchain protocol and payment platform used for algorithmic stablecoins. The project was created in 2018 by Terraform Labs, a startup co-founded by Do Kwon and Daniel Shin. It is best known for its Terra algorithmic stablecoin and the associated LUNA reserve asset cryptocurrency.

Tez was a mobile payments service by Google, targeted at users in India, later folded into the new Google Pay app on 28 August 2018. It operated atop the Unified Payments Interface, developed by the National Payments Corporation of India. The product was created as part of Google's Next Billion Users initiative led by Caesar Sengupta, former vice president and general manager, Payments &

Ticketer is the brand name for a range of electronic ticket machines provided by British company Corvia Ltd, primarily for usage on buses. The cloud-based system, first marketed on a small scale in 2008, has since developed into a rival to the three major ticket issuing systems used by bus companies throughout Britain.

A time deposit or term deposit (also known as a certificate of deposit in the United States, and as a guaranteed investment certificate in Canada) is a deposit in a financial institution with a specific maturity date or a period to maturity, commonly referred to as its "term". Time deposits differ from at call deposits, such as savings or checking accounts, which can be withdrawn at any

Tipalti is an American multinational financial technology company headquartered in Foster City, California, with offices in Amsterdam, London, Plano, Tbilisi, Tel Aviv, Toronto, and Vancouver. The company provides accounts payable, procurement, expense management, and global payments automation software for businesses.

TIPANET (Transferts Interbancaires de Paiement Automatisés) is an international payment system set up by the European cooperative banks. Its shareholders were Natexis Banques Populaires, France; Banca Popolare Commercio e Industria, Italy; Istituto Centrale delle Banche Popolari Italiane, Italy; Banco Popular de España, Spain; Crédit Professionnel, Belgium; The Cooperative Bank plc, Unit

Touch 'n Go is a contactless smart card system used for electronic payments in Malaysia. The system was introduced in 1997 and is widely used for toll payments on highways, public transportation, parking, and other services. The card is equipped with a radio-frequency identification (RFID) chip that allows users to make payments by simply tapping the card on a reader device. Touch 'n Go

Touch 'n Go eWallet is a Malaysian digital wallet and online payment platform, established in Kuala Lumpur, Malaysia, in July 2017 as a joint venture between Touch 'n Go and Ant Financial. It allows users to make payments at over 280,000 merchant touch points via QR code, as well as perform peer-to-peer (P2P) money transfers.

Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This

A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the

Transfast is an international money transfer and cross-border payments company headquartered in New York, with additional offices in India (Kochi, Pune, Jalandhar, and Hoshiarpur), the UAE, Nigeria, and the Philippines. Transfast is owned by Mastercard.

TransferMate is an Irish business-to-business payment technology company which was founded in 2010. The company provides a service to make cross border transfers online, this allows them to receive funds locally and make payments locally with the intention to eliminate the need for intermediary banks and international transfer fees.

Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 600 stores and 700 ATMs in over 20 countries.

A traveller's cheque is a medium of exchange that can be used in place of the currency of a country. Each cheque is denominated in a preprinted fixed, round, amount of one of a number of major world currencies; it has two panels for a signature. The purchaser signs one panel of each cheque on receiving it; to use it, it is signed on the second panel and dated in the presence of the payee

In international finance, the Triffin dilemma (sometimes the Triffin paradox) is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin. He noted that a country whose currency i

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.

Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit with retailers; or a money substitute, such as scrip, chits, vouchers or tokens. Truck wages are a characteristic of a truck system, and are banned by the labour legislation of many countries.

Total System Services, Inc. (TSYS) is an American financial technology company based in Columbus, Georgia, that provides payment processing services, merchant services and related payment services. It also provides reloadable prepaid debit cards and payroll cards, and demand deposit accounts to the underbanked.

A turnstile (also called a gateline, baffle gate, automated gate, turn gate in some regions) is a form of gate which allows one person to pass at a time. A turnstile can be configured to enforce one-way human traffic. In addition, a turnstile can restrict passage only to people who insert a coin, ticket, transit pass, security credential, or other method of payment or verification. Mode

In economics, twin crises, also called a balance of payments crisis, are simultaneous crises in banking and currency. The term was introduced in the late 1990s by economists Graciela Kaminsky and Carmen Reinhart after several such crises worldwide.

Twint is a Swiss mobile payment system rolled out nation-wide in 2017. As of 2024, Twint has become ubiquitous in Switzerland, with many stores accepting Twint payments and nearly all banks taking part in the payment system. The app was developed by Monexio, a wholly owned subsidiary of PostFinance, beginning in 2014.

UAE Exchange (Arabic: مركز الإمارات العربية المتحدة للصرافة; Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa) was a United Arab Emirates-based company dealing primarily in remittance, foreign exchange and bill payment services.

Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015. Remaining ones could be exchanged into paysafecard PINs, in May 2016 paysafec

The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available.

Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a

Underwriting profit, also called underwriting income, is the profit an insurer makes from underwriting activities after claims and underwriting expenses are accounted for, excluding any investment income.

Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by the National Payments Corporation of India (NPCI) in April 11th 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts using only a unique UPI ID. It runs as an o

UnionPay (Chinese: 银联; pinyin: Yínlián), also known as China UnionPay (Chinese: 中国银联; pinyin: Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association fo

The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery

United Stock Exchange of India Limited, also known as the United Stock Exchange (USE), is an Indian government owned stock exchange. It is the 4th pan-India exchange launched for trading financial instruments in India. USE represents the commitment of 21 Indian public sector banks, private banks, international banks and corporate houses to build an institution of repute. Mr. Gaurav Arora

A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researc

In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, whic

The international currency code for the US dollar is USD. This article covers its definition, mechanisms, verification methods, and common misconceptions.

USD1 is a US dollar stablecoin associated with the World Liberty Financial brand. This article introduces its positioning, mechanism, verification checklist, and common misconceptions.

USDC is a US dollar-backed stablecoin issued by Circle. This article introduces its positioning, mechanism, usage checklist, and common misconceptions.

USDe is the synthetic dollar asset of the Ethena protocol. This article covers its positioning, mechanism, usage checklist, and common misconceptions.

USDS is the stablecoin of the Sky protocol and is closely related to the evolution of DAI. This article covers its positioning, mechanism, usage checklist, and common misconceptions.

USDT is a US dollar-denominated stablecoin issued by Tether, designed to maintain a close value relationship with the US dollar. This article introduces its positioning, mechanism, verification checklist, and common misconceptions.

In finance, valuation is the process of determining the value of a (potential) investment, asset, or security.

Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills or pay a business. Account holders can transfer funds to others via a mobile phone app. Account holders must be residents of the United States. Venmo also operates as a small social network, as users can observe other users' public transactions

Verifi, Inc. is an American financial technology company that provides dispute management and chargeback prevention tools for card-not-present payments. Founded in 2005 and headquartered in Los Angeles, California, Verifi offers products including Order Insight, Rapid Dispute Resolution (RDR), and the Cardholder Dispute Resolution Network (CDRN) to help merchants, issuers, and acquirers

Verifone, Inc. is an American multinational corporation headquartered in New York City, New York. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale. Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The compa

Versapay is a North American financial technology company headquartered in San Francisco, California. Versapay specializes in account receivable software and cash application for midsized businesses. Versapay products include digital invoicing and customer portal, collections management, B2B payment services, cash application, reporting and reconciliation, and ERP integrations. It was li

Video tolling (sometimes referred to as video billing, toll by plate, pay by mail, or pay by plate) is a form of electronic toll collection that uses video or still images of a vehicle's license plate to identify a vehicle liable to pay a road toll. The system dispenses with collection of road tolls using road-side cash or payment card methods, and may be used in conjunction with "all el

Vipps is a Norwegian mobile payment application designed for smartphones originally developed by DNB. Vipps was released May 30, 2015 and, having reached 1 million users by November 5, 2015, Vipps became Norway's largest payment application. Although Vipps was developed by DNB, customers of any Norwegian bank can use it. Vipps is a member of the European Mobile Payment Systems Associatio

Vix Technology (Vix) is an Australian company that designs, supplies and operates automated fare collection (AFC) systems, intelligent transportation systems (ITS), access, payment and passenger information display systems (PIDS) for the public transit industry.

Vocalink is a payment systems company headquartered in the United Kingdom, created in 2007 from the merger between Voca and LINK. It designs, builds and operates the UK payments infrastructure, which underpins the provision of the Bacs payment system and the UK ATM LINK switching platform covering 65,000 ATMs and the UK Faster Payments systems.

A voucher is a bond which is worth a certain monetary value and which may be redeemed only for specific reasons or on specific goods.

VugaPay is a cross-platform payment service owned by Vuga Ltd, a Rwandan company. It allows businesses and users to transfer money across major payment systems, including credit card networks, mobile money and Bitcoin via an application programming interface, unstructured supplementary service data interface, a mobile phone app, or a web interface. It processed over 5 million transaction

In financial transactions, a warrant is a written order by one person that instructs or authorises another person to pay a specified recipient a specific amount of money or supply goods at a specific date. A warrant may or may not be negotiable and may be a bearer instrument that authorises payment to the warrant holder on demand or after a specific date. Governments and businesses may p

Watered stock is an asset with an artificially-inflated value. The term most commonly refers to a form of securities fraud in which a company issues stock to someone before receiving at least the par value in payment.

WebMoney is an online payment settlement system established in Russia in 1998. It is one of the largest electronic payments processors in Russia by number of users, with the company reporting 45 million registered accounts and 300,000 active weekly users in early 2020, and 100,000 stores accepting payments via the system. WebMoney is owned and operated by WM Transfer Ltd.

WeChat Pay (Chinese: 微信支付; pinyin: Wēixìn Zhīfù) is a mobile payment and digital wallet service by WeChat based in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay had over 300 million users. WeChat Pay reached 1.133 billion active users in 2023. WeChat Pay's main competitor in China and the market leader in online payments is Alibaba

WePay is an online payment service provider based in the United States. It provides an integrated and customizable payment solution, through its APIs, to platform businesses such as crowdfunding sites, marketplaces and small business software companies. It also offers partners fraud and risk protection.

Wero is a European digital wallet and instant account-to-account payment service developed by the European Payments Initiative (EPI). It was launched in Germany on 2 July 2024, followed by France and Belgium later that year. Wero is currently available in Belgium, France, Germany, Luxembourg, and the Netherlands. Leading Austrian banks are planning to introduce the service.

The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.