Glossary of Terms
Showing 5 of 129 Glossary terms
Activation (prepaid card or SIM)
Linking a person with a specific card or SIM and authorizing use of the card or SIM (by SMS, online activation, or phone). Also known as “personalization.”
An entity or retail outlet where an e-cash transfer can be spent or redeemed for cash, and/or where e-cash account holders can perform other transactions. Different Financial Service Providers (FSP) – such as banks, mobile network operators or remittance companies – can have agents. Agents are managed by an FSP, not a humanitarian agency.
Aggregator (key term)
An entity that consolidates financial transactions for processing, such as providing a single platform to execute payments via multiple FSPs.
Any physical, financial, human or social item of economic value owned by an individual or corporation, especially that which could be converted to cash. Assets can be categorized as human, physical, natural, financial and social.
The process of verifying a person’s identity.