GLOSSARY
Giro Card
Domestic debit card system (e.g., Germany) that clears directly against bank accounts via local rails.
A giro card is a domestic debit scheme (notably in Germany) that pulls funds from the customer’s bank account via local rails. Acceptance is strong in-country but limited cross-border unless co-badged with international networks.
Compared with a debit card on global schemes, giro cards can offer lower fees for local POS transactions. They do not provide revolving credit like a credit card and may require separate routing for e-commerce acceptance.
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.