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Glossary
Cards payment
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An institution that enables merchants to accept card payments, facilitating the transfer of funds from the customer's bank to the merchant's account.
An entity that handles the technical processing of transactions between merchants and financial institutions, ensuring smooth and secure payment processing.
The initial digits of a payment card number that identify the issuing bank or financial institution, essential for routing transactions and fraud prevention.
An entity that provides the initial digits of payment card numbers, identifying the issuing bank or financial institution, crucial for card network operations.
Global entities that establish standards for card-based transactions, facilitating the secure transfer of funds between parties.
A payment instrument that provides users with a line of credit from a financial institution, allowing purchases to be paid back at a later date.
A payment instrument linked directly to a bank account, enabling users to make purchases and withdraw cash with direct debits.
The bank or financial institution that issues payment cards to consumers, granting access to credit or funds with repayment obligations.
A company that manages the technical aspects of issuing payment cards, ensuring their functionality and security in compliance with industry standards.
A local payment network in Saudi Arabia that connects banks and merchants, enabling seamless card and digital wallet transactions nationwide.
An application in Saudi Arabia that facilitates secure and convenient payments using mada cards or digital wallets, enhancing consumer payment experiences.
A digital interface that securely connects online shopping carts to banks or card companies, facilitating the processing of payments during online purchases.
A payment instrument loaded with a predetermined amount of funds in advance, limiting spending to the prepaid balance.
The process of replacing sensitive card information with a unique identifier (token), enhancing payment security by preventing exposure of card details.
Transfer payment
An electronic payment system in the United States that facilitates batch processing of financial transactions like direct deposits and bill payments.
An organization or system that facilitates the exchange and settlement of payments between banks or financial institutions.
A secure messaging network used globally by banks and financial institutions to facilitate cross-border money transfers.
A payment infrastructure that facilitates the transfer of money between financial institutions, ensuring transactions are routed securely and efficiently.
Payment transactions that are processed immediately, allowing funds to be transferred and accessed in real time, typically within seconds.
An electronic method of transferring funds between banks or financial institutions, commonly used for large or international transactions.
General payment
Intermediary companies that facilitate secure and efficient processing of card and digital payments between merchants and financial institutions.
An infrastructure component that routes payment requests to the appropriate financial institutions or networks for transaction processing.
An institution that enables merchants to accept card payments, facilitating the transfer of funds from the customer's bank to the merchant's account.
An entity that handles the technical processing of transactions between merchants and financial institutions, ensuring smooth and secure payment processing.
The initial digits of a payment card number that identify the issuing bank or financial institution, essential for routing transactions and fraud prevention.
An entity that provides the initial digits of payment card numbers, identifying the issuing bank or financial institution, crucial for card network operations.
Global entities that establish standards for card-based transactions, facilitating the secure transfer of funds between parties.
A payment instrument that provides users with a line of credit from a financial institution, allowing purchases to be paid back at a later date.
A payment instrument linked directly to a bank account, enabling users to make purchases and withdraw cash with direct debits.
The bank or financial institution that issues payment cards to consumers, granting access to credit or funds with repayment obligations.
A company that manages the technical aspects of issuing payment cards, ensuring their functionality and security in compliance with industry standards.
A local payment network in Saudi Arabia that connects banks and merchants, enabling seamless card and digital wallet transactions nationwide.
An application in Saudi Arabia that facilitates secure and convenient payments using mada cards or digital wallets, enhancing consumer payment experiences.
A digital interface that securely connects online shopping carts to banks or card companies, facilitating the processing of payments during online purchases.
A payment instrument loaded with a predetermined amount of funds in advance, limiting spending to the prepaid balance.
The process of replacing sensitive card information with a unique identifier (token), enhancing payment security by preventing exposure of card details.
An electronic payment system in the United States that facilitates batch processing of financial transactions like direct deposits and bill payments.
An organization or system that facilitates the exchange and settlement of payments between banks or financial institutions.
A secure messaging network used globally by banks and financial institutions to facilitate cross-border money transfers.
A payment infrastructure that facilitates the transfer of money between financial institutions, ensuring transactions are routed securely and efficiently.
Payment transactions that are processed immediately, allowing funds to be transferred and accessed in real time, typically within seconds.
An electronic method of transferring funds between banks or financial institutions, commonly used for large or international transactions.
Intermediary companies that facilitate secure and efficient processing of card and digital payments between merchants and financial institutions.
An infrastructure component that routes payment requests to the appropriate financial institutions or networks for transaction processing.
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Whether you’re launching a neobank, offering embedded finance, or modernizing your legacy stack, Stitch provides the tools and infrastructure to go live faster and scale with confidence. Our platform is modular, secure, and built for high performance—so you can move quickly, stay compliant, and focus on what matters most: your customers.
From seamless onboarding and KYC to powerful ledgers and transaction monitoring, Stitch brings everything together in one place. And with local integrations across MENA and partnerships with global players like Visa and Mozn, we help you build for your market—and beyond.
With Stitch, you don’t just get infrastructure. You get a partner committed to enabling the next generation of finance—from MENA to the world.
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