sequent

Glossary

A B C D E G H I J K M N O P R S T U W
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acquirer

Entity responsible for enabling merchants to accept card-based payments. Often also responsible for processing payment transactions on behalf of merchants.

app

Software application that runs on a mobile device. May be downloaded by the consumer from an online app store or preloaded on a device (a native app).

app management

On-device middleware and support services to integrate NFC payments and other credentials into consumer mobile apps.

app store

Digital distributor of applications for mobile devices.

applet

Software application that runs on a secure element, typically in a GlobalPlatform environment. May be downloaded by a TSM or an authorized agent or pre-loaded on the secure element.

application

See app.

authentication

Validationg the identity of a system, device or person before permitting an action to be performed. Example: confirming the identity of a phone to the wireless network.