GLOSSARY
Credit Card
Card that lets cardholders borrow up to a limit and repay later; funds settle via the issuing bank.
A credit card lets the cardholder borrow up to a limit and repay on statement cycles. Issuers fund the purchase and settle with acquirers; cardholders repay later, often with interest if not paid in full.
Compared with a debit card, credit cards draw on a revolving credit line rather than a bank balance. Some markets also use giro cards, which clear against local bank accounts and may have limited cross-border acceptance.
Merchants should model interchange and scheme fees by card type: premium credit products often cost more to accept than basic debit or giro rails.
In the product
Where this term matters in operation.
The glossary is not meant to be academic. It explains the language teams use in Kotao while selling, planning, paying, reporting, and automating.
In sales
Terms like this appear inside POS, checkout, bookings, offers, and customer communication.
In back office
Finance, inventory, HR, and reporting need the same meaning so reports do not drift apart.
In integrations
APIs, imports, webhooks, and exports work better when teams use the same definitions.
Related terms.
Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.