GLOSSARY
API (Application Programming Interface)
A set of rules and protocols that allows different software applications to communicate with each other.
An Application Programming Interface (API) is a set of definitions and protocols for building and integrating application software.
APIs let your product or service communicate with other products and services without having to know how they’re implemented. This can simplify app development, saving time and money.
Related
Related terms.
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BaaS (Banking as a Service)
A model where licensed banks expose banking capabilities to other companies via APIs, letting them embed accounts, cards, or payments.
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Business Technology Platform (BTP)
A platform layer for APIs, integrations, and data pipelines that connect core systems.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.