The language of crypto & payments.

SOC 2

An independent CPA examination and report about a service organization’s controls relevant to selected AICPA Trust Services Criteria.

Also known as SOC 2 report

Software as a service

A software delivery model in which customers use a provider-operated application rather than manage the application’s underlying infrastructure themselves.

Also known as SaaS

Software development kit

A collection of development libraries, tools and documentation intended to help software use a platform or service.

Also known as SDK

Solana

A blockchain network that processes transactions containing instructions to on-chain programs and uses SOL as its native asset.

Split payment

A payment arrangement that allocates the proceeds or collection of one commercial transaction among multiple amounts or recipients according to defined rules.

Also known as payment split, payment splits

Stablecoin

A cryptoasset designed to track a reference value, commonly a currency, through a specified backing or stabilization mechanism.

Also known as stablecoins

Subscription billing

The process of calculating and collecting charges for an ongoing product or service relationship according to a subscription’s pricing and lifecycle rules.

Tether USDt

A US dollar-referenced token issued by Tether, intended to track one US dollar under the issuer’s reserve and redemption arrangements.

Also known as USDT

Transaction fee

A charge associated with performing or processing a transaction, whose amount and recipient depend on the network, payment method or service contract.

Also known as transaction fees

Transaction finality

The assurance, under a blockchain’s consensus rules and security assumptions, that an accepted transaction will remain in its recorded history.

Also known as finality

Treasury management

The management of an organization’s liquidity, funding and financial risks so that it can meet obligations and operate within its financial policies.

Also known as corporate treasury

USDC

A US dollar-referenced stablecoin issued by Circle, designed for one-to-one redemption under the issuer’s applicable terms.

Also known as USD Coin

Virtual asset service provider

A natural or legal person not covered elsewhere in the FATF Recommendations that, as a business, performs specified virtual-asset activities for or on behalf of others.

Also known as VASP

Webhook

An event-driven integration mechanism in which one system sends a notification to another system’s registered endpoint, commonly using an HTTP request.

WebSocket

A protocol that provides an ongoing two-way message connection between a client and server after an opening handshake.

Also known as WebSockets

Wire transfer

An electronic transfer of funds through a bank or wire-payment service, following that system’s messaging, settlement and operating rules.

Also known as wire transfers