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From A for acquirer, to Z for "zero-rated": In our glossary you will find a clear list of the most common technical terms from the world of payments explained in a simple and understandable manner.

A girocard is issued by the account-holding bank. The girocard can be used to make cashless payments and to withdraw unlimited amounts of cash from ATMs. The amount is debited directly from the account. With the phasing out of the formerly used Eurocheque (ec), the function of the corresponding card (ec card) was also changed. It is now called a "girocard".

Google Pay

A mobile payment system developed by the US company Google, which enables simple payment via Android smartphone with NFC function both in retail at the checkout and in apps or online shops. The prerequisite is that the respective retailer accepts Google Pay as a payment method.

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