Glossary
The following terms, organised alphabetically, are used within the cards industry. Here you will find simple explanations to help you navigate the jargon and specialist terminology.
| Electron |
A Visa debit card. All Electron purchases are subject to electronic authorisation. |
| EMV |
The internationally-agreed standard for chip payment cards, originally agreed by Europay, MasterCard and Visa. EMV standards are maintained by EMVCo, an organisation owned and managed by MasterCard, Visa and JCB. |
| End of Day |
This is an action that a merchant manually performs at the end of their trading day and is at a time or during a period agreed with their acquiring bank. This period is also known as the banking window. |
| ETU (Electronic Mobile Top Up) |
A merchant can use their terminal, where this functionality is available, to allow users to top up their mobile phone account using their top up plastic card. |
