48 entries
Acquiring Bankप्राप्तकर्ता बैंकAn acquiring bank is the bank that contracts with merchants to accept card and digital payments, provides terminals or gateways, and credits the merchant with the sale proceeds.Payments & Digital BankingAutomated Teller MachineATMस्वचालित टेलर मेसिनAn ATM is a self-service machine that lets bank customers withdraw cash and perform basic transactions without a teller.Payments & Digital BankingC-ASBAC-ASBAसी-आस्बाC-ASBA (Centralized Application Supported by Blocked Amount) is CDSC's centralized system through which investors apply for public share issues, with the application amount blocked in their bank account until allotment.Payments & Digital BankingCard Schemeकार्ड स्किमA card scheme is a payment network, such as Visa, Mastercard, UnionPay or a domestic scheme, that sets the rules and provides the infrastructure linking card issuers and acquirers.Payments & Digital BankingCard Skimmingकार्ड स्किमिङCard skimming is a fraud in which criminals use a hidden device to copy card data, and often a camera or fake keypad to capture the PIN, at an ATM or POS.Payments & Digital BankingCardless Withdrawalकार्डरहित नगद निकासीCardless withdrawal lets a customer take cash from an ATM without a physical card by authorising the withdrawal through mobile banking, connectIPS or a wallet and entering a one-time code at the ATM.Payments & Digital BankingCentral Bank Digital CurrencyCBDCकेन्द्रीय बैंक डिजिटल मुद्राA CBDC is a digital form of a country's official currency, issued by and a direct liability of the central bank.Payments & Digital BankingChargebackचार्जब्याकA chargeback is the reversal of a card transaction initiated by the card-issuing bank on behalf of a cardholder who disputes it.Payments & Digital BankingClearing and Settlementक्लियरिङ र फर्छ्यौटClearing is the exchange and reconciliation of payment instructions and calculation of obligations between institutions; settlement is the actual transfer of funds that discharges those obligations.Payments & Digital BankingContactless Paymentसम्पर्करहित भुक्तानीA contactless payment is made by tapping or holding a card, phone or wearable near a reader, without inserting or swiping it.Payments & Digital BankingCredit Cardक्रेडिट कार्डA credit card is a payment card that lets the holder buy goods and services or withdraw cash on credit up to a pre-approved limit and repay later.Payments & Digital BankingDEMAT Accountडिम्याट खाताA DEMAT account holds shares and other securities in electronic (dematerialised) form instead of physical certificates.Payments & Digital BankingDebit Cardडेबिट कार्डA debit card is a payment card linked to a customer's bank account, so each purchase or withdrawal is deducted directly from the available balance.Payments & Digital BankingDigital Walletडिजिटल वालेटA digital wallet is an electronic account, usually on a mobile app, that stores prepaid money (e-money) and lets users make payments and transfers.Payments & Digital BankingDirect Debitप्रत्यक्ष डेबिटA direct debit is a payment in which the payee, with the payer's prior authorisation (mandate), collects money directly from the payer's bank account.Payments & Digital BankingEMV Chip CardEMVईएमभी चिप कार्डAn EMV chip card is a payment card with an embedded microchip that follows the global EMV standard, generating a unique cryptogram for each transaction to prevent counterfeiting.Payments & Digital BankingElectronic Fund TransferEFTविद्युतीय रकमान्तरElectronic fund transfer is any transfer of money from one account to another through electronic systems rather than paper instruments such as cheques or drafts.Payments & Digital BankingEscrow Serviceएस्क्रो सेवाAn escrow service is an arrangement in which a neutral third party, often a bank, holds money or documents until agreed conditions between buyer and seller are fulfilled.Payments & Digital BankingFintechफिनटेकFintech refers to the use of technology to deliver or improve financial services, and to the companies that do so.Payments & Digital BankingGreen PINग्रिन पिनGreen PIN is a paperless method of generating or resetting a card PIN at an ATM or through digital channels using an OTP sent to the registered mobile number, instead of a printed PIN mailer.Payments & Digital BankingInterbank Payment SystemIPSअन्तरबैंक भुक्तानी प्रणालीThe Interbank Payment System (NCHL-IPS) is an electronic system for transferring funds between accounts at different banks, supporting direct credit and direct debit transactions.Payments & Digital BankingInterchange Feeइन्टरचेन्ज शुल्कAn interchange fee is the fee paid between banks for card transactions: by the acquiring bank to the issuing bank for purchases, or by the issuer to the ATM-owning bank for off-us ATM use.Payments & Digital BankingInternet Bankingइन्टरनेट बैंकिङInternet banking lets customers access their bank accounts and carry out transactions through the bank's secure website.Payments & Digital BankingIssuing Bankजारीकर्ता बैंकAn issuing bank is the bank or institution that issues a payment card to a customer, authorises the customer's transactions and bears responsibility for the cardholder's account.Payments & Digital BankingMerchant Discount RateMDRमर्चेन्ट डिस्काउन्ट दरThe merchant discount rate is the fee, usually a percentage of the transaction value, that a merchant pays its acquiring bank for accepting card or digital payments.Payments & Digital BankingMeroShareमेरो शेयरMeroShare is the online portal of CDS and Clearing Limited through which investors view their demat holdings, apply for public issues through C-ASBA and manage share transfers.Payments & Digital BankingMobile Bankingमोबाइल बैंकिङMobile banking is the provision of banking services through a mobile phone, using an app, USSD or SMS, so customers can check balances, transfer funds and make payments.Payments & Digital BankingNEPALPAY QRनेपालपे क्युआरNEPALPAY QR is the QR payment scheme of Nepal Clearing House Limited, implemented under NRB's NepalQR standard as part of the National Payment Switch.Payments & Digital BankingNational Payment SwitchNPSराष्ट्रिय भुक्तानी स्विचThe National Payment Switch is the core infrastructure, mandated by Nepal Rastra Bank and implemented by NCHL, for routing and settling retail card and non-card payments interoperably within Nepal.Payments & Digital BankingNational Payments InterfaceNPIराष्ट्रिय भुक्तानी इन्टरफेसThe National Payments Interface is NCHL's consolidated open API platform that gives participants access to multiple payment systems, such as NCHL-IPS and the Retail Payment Switch, through one interface.Payments & Digital BankingNear Field CommunicationNFCनिकट क्षेत्र सञ्चारNFC is a short-range wireless technology that lets two devices exchange data when held a few centimetres apart, used for tap-and-pay card and mobile payments.Payments & Digital BankingOpen Bankingखुला बैंकिङOpen banking is the practice of banks securely sharing customer-permitted data and payment functions with authorised third parties through standard APIs.Payments & Digital BankingPayment Gatewayपेमेन्ट गेटवेA payment gateway is a service that securely captures and transmits online payment details from a website or app to banks or payment networks for authorisation.Payments & Digital BankingPayment Processingभुक्तानी प्रशोधनPayment processing is the sequence of steps by which an electronic payment is initiated, authorised, cleared and settled between payer and payee.Payments & Digital BankingPayment Service ProviderPSPभुक्तानी सेवा प्रदायकA payment service provider is an institution licensed by Nepal Rastra Bank to offer electronic payment services, such as wallets, directly to customers.Payments & Digital BankingPayment System OperatorPSOभुक्तानी प्रणाली सञ्चालकA payment system operator is an institution licensed by Nepal Rastra Bank to operate the infrastructure that switches, clears and settles payments among banks, wallets and card networks.Payments & Digital BankingPhishingफिसिङPhishing is a social-engineering fraud in which criminals pose as a trusted party through email, SMS, calls or fake websites to trick people into revealing passwords, PINs, OTPs or card details.Payments & Digital BankingPoint of SalePOSबिक्री बिन्दुA POS terminal is a device at a merchant's counter that accepts card and other electronic payments for goods and services.Payments & Digital BankingPrepaid Cardप्रिपेड कार्डA prepaid card is a payment card loaded in advance with a fixed amount, which can be spent until the loaded value is used up.Payments & Digital BankingQR Code Paymentक्युआर कोड भुक्तानीQR code payment lets a customer pay a merchant or person by scanning a quick response (QR) code with a mobile banking or wallet app.Payments & Digital BankingReal Time Gross SettlementRTGSवास्तविक समय सकल फर्छ्यौटRTGS is a funds transfer system in which high-value and urgent payments between banks are settled individually and immediately in central bank money.Payments & Digital BankingRegulatory Sandboxनियामकीय स्यान्डबक्सA regulatory sandbox is a framework in which a regulator allows firms to test innovative financial products or services with real customers for a limited time under relaxed rules and close supervision.Payments & Digital BankingSWIFTSWIFTस्विफ्टSWIFT is a member-owned cooperative that provides a secure network and standard message formats for financial institutions to exchange payment and other financial messages worldwide.Payments & Digital BankingSWIFT CodeBICस्विफ्ट कोडA SWIFT code, or Business Identifier Code (BIC), is an 8 or 11 character code under ISO 9362 that uniquely identifies a bank or financial institution in international messages.Payments & Digital BankingStanding Instructionस्थायी निर्देशनA standing instruction is a customer's instruction to the bank to make a fixed payment from their account to a specified beneficiary at regular intervals.Payments & Digital BankingTokenisationटोकनाइजेसनTokenisation replaces sensitive data, such as a card number, with a unique substitute value (token) that is useless if stolen, while the real data is kept securely by a token service provider.Payments & Digital BankingTwo-factor Authentication2FAदुई-तहको प्रमाणीकरणTwo-factor authentication verifies a user with two different types of evidence, such as a password plus a one-time password sent to a registered phone.Payments & Digital BankingconnectIPSकनेक्टआइपीएसconnectIPS is Nepal Clearing House's real-time retail payment platform that lets customers pay and transfer money directly from their linked bank accounts.Payments & Digital Banking