Acquirer is an organisation which owns, operates or controls ATMs and/or EFTPOS devices.

ATM Automatic Teller Machine

Chip cards are plastic cards with embedded integrated circuits which can process payments information.

EFTPOS Electronic Funds Transfer at Point of Sale

GDP Gross Domestic Product

Issuer is an organisation which issues cards that are accepted for use in ATMs and/or EFTPOS terminals.

Network industry is an industry where there is a “network effect” – that is, the value to a customer of the industry’s services is affected by how many other customers use those services: eg telecommunications, energy reticulation, software development etc. 

RMA Relationship Management Application

SWIFT Society for Worldwide Interbank Financial Telecommunications

SWIFTNet is SWIFT’s IP-based messaging protocol for the communication of financial information and transaction data.