Glossary

In the iDEAL Rules & Regulations (iDEAL R&R) of Currence iDEAL iDEAL B.V. (hereinafter: Currence iDEAL), including the Licence, Certificate and Accreditation Agreements (hereinafter: Agreements) and the iDEAL | Wero API Specifications, the following terms are used with a capital letter and shall have the meaning as set out below.

Definitions
Number
2 Factor Authentication (2FA)	Authentication by means of two or more Authentication Factors.
A
Abuse	Improper use of iDEAL \| Wero, such as Money Laundering, Terrorist Financing, Fraud and Non-Performance.
Acceptance Confirmation	A confirmation from a User.
Acceptance Regulations	All requirements and obligations as set out in the R&R document ‘Acceptance Regulations’ to start the Certification Procedure. The Acceptance Regulations set out how to Certification Procedure works and also includes non-disclosure/confidentiality obligations and is comparable with an NDA during the Certification Process.
Accreditation Agreement	The accreditation agreement between the Accredited Party and Currence iDEAL for the purpose of the Role of CPSP within the iDEAL \| Wero Scheme.
Accredited CPSP	A CPSP that has entered into an Accreditation Agreement with Currence iDEAL for its Role as a CPSP.
Accredited Party	The Institution with which Currence iDEAL has signed an Accreditation Agreement.
Acquirer	An Institution who has entered into a Licence Agreement with Currence iDEAL for the Role of Acquirer, as further described in the Role Provisions for the Acquirer.
Acquiring Domain	The Acquiring Domain comprises all activities relating to: receiving iDEAL \| Wero Transactions or initiating iDEAL \| Wero Transactions on behalf of Acquiring Participants or (if the Acquiring Participant is directly connected to the iDEAL Original Hub) monitoring the receiving of iDEAL \| Wero Transactions or initiating of iDEAL \| Wero Transactions by Acquiring Participants; ensuring that the iDEAL \| Wero Payment Guarantee from the Issuer is met when the Issuer has given the iDEAL \| Wero Transaction the status ’Successful’, unless the iDEAL \| Wero Payment is subject to Sanctions; providing the iDEAL \| Wero Payment Guarantee to Acquiring Participants and ensuring that the funds from iDEAL \| Wero Payments by the Issuer are transferred to Acquiring Participants, as well as other activities that are performed by the Acquirer on behalf of Acquiring Participants within the iDEAL \| Wero Scheme.
Acquiring Participant	A Merchant, CPSP or C2C Provider.
Advisory Board	A representative body of Licencees and Certificate Holders, appointed in accordance with the Advisory Board Regulations.
Advisory Board Member	A member of the Advisory Board representing one or more Licencees.
Advisory Board Regulations	The sub-regulation entitled ‘Advisory Board Regulations’ which forms an integral part of the General Regulations of the iDEAL R&R.
Agreement	The agreement between Currence iDEAL and the Institution, comprising a Licence Agreement, Certificate Agreement or Accreditation Agreement.
Alleged Violation	An alleged failure to comply with a Provision by an Institution.
AML Directive	Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, as amended pursuant to Directive (EU) 2018/843.
Applicable Data Protection Laws	Any applicable laws and regulations relating to the protection of Personal Data, including but not limited to the GDPR, any legislation implementing the requirements of the GDPR in each member state of the European Union, any legally binding requirements of supervisory authorities and any other applicable European Union or European Union member state law relating to the protection of Personal Data.
Applicant	The party who has signed the Application Form in accordance with the provisions of Article 3 of the Acceptance Regulations.
Application	The request by the Applicant to Currence iDEAL to be accepted to perform the Requested Role or Roles.
Application Form	The form for the request to be accepted to perform the Requested Role or Roles included in the annexes of the Acceptance Regulations.
Authentication	A procedure which allows the Issuer to verify the identity of a User.
Authentication Factor	A factor which has been confirmed to be linked to a User and which falls into one of the following categories: possession: something only the User possesses (e.g. an identity token); knowledge: something only the User knows (e.g. password / PIN); inherence: something only the User is (e.g. biometric values). and which is designed in such a way as to protect the integrity and confidentiality of the Authentication data.
Authentication Means	A means made available by the Issuer, which can be used by a User for the purpose of Authentication in order to gain access to the Issuer’s Banking Environment.
Authorisation	The User's approval of an iDEAL \| Wero Transaction and the approval of the execution of the corresponding iDEAL \| Wero Payment.
B
B2B Domain	The B2B Domain comprises all activities in relation to an Acquirer or CPSP providing a Business with the possibility to receive funds from another Business by making an iDEAL \| Wero Payment or initiating iDEAL \| Wero Transactions on behalf of Acquiring Participants.
Banking Environment	The mobile or online environment of the Issuer which is used for (amongst other things) Authentication or Authorisation of iDEAL \| Wero Payments by a User.
Beneficiary	The Acquiring Participant which directly receives the funds of the iDEAL \| Wero Payment on its own IBAN. This is the creditor of the iDEAL \| Wero Payment.
Branding Manual	The document entitled ‘Branding Manual’ which contains detailed provisions for the requirements and instructions of the iDEAL logo's and the Distinctive Features.
Breach	A failure by an Institution to observe a Provision.
Business	A natural person or business entity, who is acting in the conduct of a profession or enterprise when purchasing or selling goods or services.
Business Beneficiary	A Merchant receiving an iDEAL \| Wero Payment as beneficiary pursuant to an iDEAL \| Wero Transaction on a Business IBAN.
Business Continuity Plan	Facilities and procedures, including back-up and recovery procedures, for iDEAL \| Wero and data that are processed in relation to iDEAL \| Wero Transactions and failover procedures, adequate to ensure the continued business processes of iDEAL \| Wero.
Business IBAN	A payment acocunt (IBAN) with a Business as account holder which is used for business purposes.
C
C2B Domain	The C2B Domain comprises all activities in relation to an Acquirer or CPSP providing a Merchant with the possibility to receive funds from a User (Consumer) by making an iDEAL \| Wero Payment, as well as an Acquirer or CPSP initiating iDEAL \| Wero Transactions on behalf of Acquiring Participants.
C2C Domain	The C2C Domain comprises all activities in relation to a a C2C Provider providing a Private Beneficiary with the possibility to receive funds from Consumers by initiating an iDEAL \| Wero Transaction and ensuring that funds are transferred from the paying Consumer to the Private Beneficiary by making an iDEAL \| Wero Payment, as well as a C2C Provider initiating iDEAL \| Wero Transactions on behalf of Private Beneficiaries.
C2C Provider	An Institution who has entered into a Certificate Agreement with Currence iDEAL for the Role of C2C Provider, as further described in the Role Provisions for the C2C Provider.
C2C Services	The iDEAL services provided by a C2C Provider to Private Beneficiaries in its Role of C2C Provider.
Central Reporting Point (CRP)	The relevant Currence iDEAL contact person mentioned in the contact list escalation teams who will be informed about a (suspected) Crisis Situation, as further described in iDEAL R&R ‘Escalation Procedure’.
(digital) Certificate	A digital Certificate is an electronic file that is tied to a cryptographic key pair and authenticates the identity of a website, individual, organisation, user, device or server. It is also known as a public key Certificate or identity Certificate.
Certificate Agreement	The certificate agreement of a Certificate Holder with Currence iDEAL for the purpose of the Role of CPSP or C2C Provider within the iDEAL \| Wero Scheme.
Certificate Applicant	The Institution requesting a Certificate from the Currence iDEAL CA
Certificate Applicant Representative	A person with mandate and knowledge to request Certificates on behalf of their Institution.
Certificate Authority	A certificate authority (CA) is an entity that issues Certificates to Subscribers.
Certificate Holder	The Institution that has successfully completed the Certification Procedure and has entered into a Certificate Agreement with Currence iDEAL.
Certificate Policy	The policy of Currence iDEAL stating the PKI's requirements concerning its procedures.
Certificate Practice Statement	A document from a Certificate Authority which describes their practice for issuing and managing Public Key Certificates.
Certificate Problem Report	A report Partners in the iDEAL \| Wero Scheme can file to report any (security) issues regarding Certificates issued by the Currence iDEAL CA.
Certificate Revocation	Certificate Revocation is the act of invalidating a TLS Certificate before its scheduled expiration date.
Certificate Signing Request	A message sent from a Certificate Applicant to a Certificate Authority of the PKI in order to apply for a Certificate.
Certification Procedure	The procedure to be carried out by an Applicant wishing to enter into an Agreement with Currence iDEAL for the Role or Roles of Issuer, Acquirer, CPSP and/or C2C Provider, which uses the CSA form to demonstrate that the Institution satisfies the requirements that apply to its Role or Roles as an Issuer, Acquirer, CPSP and/or C2C Provider, as further specified in the iDEAL R&R ‘Certification Procedure’ which forms an integral part of the General Regulations of the iDEAL R&R.
Certified CPSP	A CPSP that has entered into a Certificate Agreement with Currence iDEAL for its Role as a CPSP.
Change Procedure Regulations	The sub-regulation entitled ‘Change Procedure Regulations’ which forms an integral part of the General Regulations of the iDEAL R&R.
Clearing	The processing of an iDEAL \| Wero Payment between an Issuer and an Acquirer (or a Sponsor PSP on behalf of an Acquirer).
Collecting Payment Service Provider (CPSP)	An Institution which has entered into a Certificate Agreement or Accreditation Agreement with Currence iDEAL for the Role of CPSP, as further described in the Role Provisions for the CPSP.
Communication Regulations	The sub-regulation entitled ‘Communication Regulations’ which forms an integral part of the General Regulations of the iDEAL R&R.
Competent Data Protection Authority	The data protection supervisory authority which has jurisdiction in the meaning of article 51 GDPR over the processing of Personal Data.
Confidential Information	Confidential Information means, in relation to an Institution or Currence iDEAL as a receiving party: all commercial, financial, technical and other information, regardless of the form which it takes, concerning the disclosing party, that party’s subcontractors, customers and suppliers obtained in connection with the Application where such information: has been classified as confidential by the party making it available; is information derived from confidential information; is information, of which the confidential nature is known or ought to be known to the parties; or any reports, analyses, copies, notes, reviews, compilations, studies, forecasts or other documents, know-how or data prepared or obtained by, on behalf of, or for the recipient which contain, derive from or otherwise reflect any information described in (a) to (c) above; all third-party information made available to the Institution by Currence iDEAL in connection with an Application or the Agreement; and the contents of the Acceptance Regulations including all documents of Currence iDEAL referred to in the Acceptance Regulations.
Consumer	A natural person, not acting in the conduct of a profession or enterprise.
Consumer Identification Token (CIT)	A consumer identification token which is issued by the Issuer and used to identify the iDEAL User Profile in both the administration of the Issuer and Currence iDEAL.
Controlled Operations	Controlled and sound business operations (beheerste en integere bedrijfsvoering), as described in Article 3:17 of the Wft (or similar provisions in applicable law).
Control Self-Assessment (CSA)	An initial or periodic (re)assessment with respect to the compliance of an Applicant or Institution with the iDEAL R&R, as further described in the iDEAL R&R ‘Certification Procedure’ which forms an integral part of the iDEAL R&R.
Core Payment Handling	Term used for Institutions that directly handle iDEAL \| Wero Payments as a result of an iDEAL \| Wero Transaction.
Core Payment Handling Party	An Institution.
Crisis Situation	Any of the following situations: a situation that poses a (significant) threat to the integrity or image of iDEAL; a situation which may result in (significant) liability of Currence iDEAL or the Institutions against third parties; a Personal Data Breach which should potentially be reported to the Competent Data Protection Authority; or a Default or possible Default of an Institution.
Crisis Team	The crisis team that will be convened if a Crisis Situation exists, as further described in iDEAL R&R Annex ‘Escalation Procedure’.
Critical Services	The iDEAL \| Wero API’s that are time-critical for the processing of iDEAL \| Wero Transactions and are described in the iDEAL \| Wero technical documentation.
Cross-border iDEAL \| Wero Payment	An iDEAL \| Wero Payment that is made from an IBAN which is issued in another country than the IBAN on which the iDEAL \| Wero Payment is received.
Crypto Service Provider	A Merchant who is providing exchange services between virtual currencies and fiat currencies or a custodian wallet provider, which is registered by DNB pursuant to Article 23b Wwft, which registration has not been revoked.
Currence iDEAL	Currence iDEAL iDEAL B.V., which offers the services and activities in relation to iDEAL \| Wero as described in the General Notes and iDEAL GR - part 8 - iDEAL Hubs.
Currence iDEAL Certificate Authority (CA)	The Certificate Authority (CA) that issues Certificates to Subscribers in the iDEAL \| Wero Scheme.
Currence iDEAL Privacy Statement	The publicly available privacy statement of Currence iDEAL with information on the processing of Personal Data by Currence iDEAL, as amended or restated from time to time.
Customer Due Diligence (CDD)	Customer due diligence, meaning the policies and procedures that an Institution has in order to (among others) identify its customer(s) and its UBO(s), to assess the purpose and intended nature of the business relationship and conducting ongoing monitoring of the business relationship, as further specified in the AML Directive.
D
Data Processing Agreement (DPA)	The data processing agreement in https://currencenl.atlassian.net/wiki/spaces/RNIRRR/pages/2917793793, which sets out the terms and conditions under which Currence iDEAL processes the iDEAL \| Wero Transaction Data on behalf of the Institutions and in accordance with the Institution’s instructions as required based on article 28 GDPR and in compliance with Applicable Data Protection Laws.
Data Subject Request	The request of a User to exercise (one of) its Personal Data Rights.
Definitions Regulations	This sub-regulation entitled ‘Definitions’ which forms an integral part of the General Regulations of the iDEAL R&R.
Direct Connection	This is the connection of an Acquiring Participant directly to the iDEAL Original Hub, using the iDEAL \| Wero API Specifications of Currence iDEAL.
Distinctive Features	The Distinctive Features of the iDEAL \| Wero Scheme and iDEAL logo’s referred to in the Agreement, as further specified in the Branding Manual.
DNB	The Dutch Central Bank (De Nederlandsche Bank).
E
EEA	The European Economic Area.
E-Money Directive	Directive 2009/110/EC of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC.
EU Blocking Regulation	Regulation (EU) 2271/96 of 22 November 1996 protecting against the effect of the extra-territorial application of legislation adopted by a third party, and actions based thereon or resulting therefrom, as amended, supplemented or replaced from time to time.
Exempt Payment Service Provider (Exempt PSP)	An institution with its registered office in an EU/EEA member state and which has been registered as such in the register of financial institutions of DNB: to which an exemption has been granted from the license requirement as a payment service provider (betaaldienstverlener) pursuant to Article 2:3d of the Wft, to the extent that this licence authorises it to provide the services mentioned under point 3 and/or 5 of Annex 1 to the PSD 2; or to which an exemption has been granted from the license requirement as an e-money institution (elektronischgeldinstelling) pursuant to Article 2:10d of the Wft, to the extent that this licence authorises it to provide the services mentioned under point 3 and/or 5 of Annex 1 to the PSD 2. The exemption must relate to the following activities: the execution of credit transfers, and /or; the issuing of payment instruments and the acquiring of payment instruments.
F
Fraud	An iDEAL \| Wero Fraud or an Other Fraud.
Functional Incident	An Incident that is related to a non-compliance of the iDEAL R&R, the iDEAL Implementation Guide, Abuse of iDEAL \| Wero, an ICT Breach or a Personal Data Breach.
G
General Regulations	The General Regulations which are part of the iDEAL R&R and which are divided into sub-regulations, as amended, restated, supplemented and/or replaced from time to time.
GDPR	Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, as amended, restated, supplemented and/or replaced from time to time, including the AVG Implementation Act.
I
ICT Breach	The loss or unauthorised destruction, alteration, disclosure of, access to, or control of information technology systems, operational technology systems, networks, internet-enabled applications or devices and the data contained within such systems and which affect the confidentiality, availability and/or integrity of iDEAL \| Wero.
iDEAL \| Wero	The service pursuant to the iDEAL \| Wero Scheme whereby iDEAL \| Wero Transactions are processed, followed by an iDEAL \| Wero Payment.
iDEAL Access Token	A short-lived token to be provided by the Acquirer to an Acquiring Participants that connects to the iDEAL Original Hub directly and which includes contractual data needed for the iDEAL \| Wero Transaction (e.g. IBAN, Merchant name etc.). The Acquiring Participant needs to include this token in each iDEAL \| Wero API message towards to the iDEAL Original Hub in order for Currence iDEAL to authenticate the contractual validity of the direct access of the Acquiring Participant to the iDEAL Original Hub.
iDEAL Checkout Page	The webpage operated by Currence iDEAL where a User can create an iDEAL User Profile and where the unrecognised User is directed to before being directed to the Banking Environment of its Issuer for Authentication and Authorisation.
iDEAL Checkout (iDEAL Snel Bestellen)	The service pursuant to the iDEAL Profile Agreement, whereby the User is recognised on the basis of a cookie and some of the iDEAL Profile Data registered in his iDEAL User Profile (such as contact and delivery details) are provided to the Merchant upon completion of an iDEAL \| Wero Transaction for the purpose of delivery of the order by the Merchant to the User.
iDEAL Contract	A contract and/or general terms and conditions from an Institution which provides for the use of iDEAL by the relevant iDEAL Participant.
iDEAL Data	iDEAL Profile Data or iDEAL \| Wero Transaction Data.
iDEAL \| Wero Fallback Interchange Fee (iDEAL \| Wero FIF)	This is the interchange fee that Acquirers and Issuers must adhere to, if they cannot agree themselves on a bilateral interchange fee.
iDEAL Snel Betalen (iDEAL Fast Payment)	The service pursuant to the iDEAL Profile Agreement, whereby the User is recognised on the basis of a cookie or iDEAL User Token and is automatically directed to his Issuer, by means of the preferred IBAN(s) for iDEAL \| Wero Payments registered in his iDEAL User Profile, to authorise the iDEAL \| Wero Transaction.
iDEAL \| Wero Fraud	A breach of the iDEAL \| Wero technical messages, API’s and/or the infrastructure of iDEAL or the iDEAL \| Wero Scheme as a result whereof persons may have unauthorised access to the iDEAL Hubs and/or iDEAL Systems of an Institution.
iDEAL Hub	A hub, either the iDEAL Original Hub or the the iDEAL \| Wero Hub, for enabling Issuers and Acquirers to offer iDEAL \| Wero as a payment method to their customers and to send and retrieve information in relation to iDEAL \| Wero Transactions via the iDEAL \| Wero API, which is operated by Currence iDEAL in accordance with the DEAL technical documentation (https://currencenl.atlassian.net/wiki/spaces/I2P/pages/1821671464 and https://currencenl.atlassian.net/wiki/spaces/I2P/pages/4454088708) and meets the the obligations and service levels of Currence iDEAL as provided for in the R&R General Regulations - part 8 - iDEAL Hubs, as well as the technical infrastructure relating to the operations of the iDEAL Hubs. For phase 1 of the iDEAL to Wero migration, an Acquirer can only offer its Acquiring Participants the possiblity to have a Direct Connection with the iDEAL Original Hub.
iDEAL \| Wero Issuer List	This is the list of certified Issuers by Currence iDEAL. Users can select their Issuer from this list to pay with iDEAL \| Wero. Currence will display this list on its iDEAL \| Wero Payment Page. All iDEAL Participants within the Acquiring Domain must refer to the iDEAL \| Wero Payment Page when starting the iDEAL \| Wero Transaction.
iDEAL \| Wero Participant	An Institution, Merchant, User or Private Beneficiary.
iDEAL Partner	An Institution.
iDEAL \| Wero Payment	A SEPA Credit Transfer (SCT) payment initiated and authorised by a User through the Banking Environment of its Issuer to a Merchant, Acquirer, CPSP or C2C Provider pursuant to the iDEAL \| Wero Scheme, to be executed upon successful completion of an iDEAL \| Wero Transaction.
iDEAL \| Wero Payment Guarantee	The payment obligation (with respect to the Issuer) provided by the Issuer to the Acquirer pursuant to the relevant Provision of the Issuer Role or (with respect to the Acquirer) provided by the Acquirer to its Acquiring Participants pursuant to the relevant Provision of the Acquirer Role.
iDEAL \| Wero Payment Link	An URL that leads a User (via the checkout page of the Acquiring Participant) to the iDEAL \| Wero Payment Page, where the User can start the iDEAL \| Wero Transaction. The iDEAL \| Wero Payment Link can be sent via instant message apps (e.g. WhatsApp, SMS, Messenger, chats), social media, email, or other communication channels.
iDEAL \| Wero Payment Page	The webpage operated by Currence iDEAL where iDEAL \| Wero Payment details of the iDEAL \| Wero Transaction are shown. For unrecognised Users, this page shows the Issuer Selection List or an iDEAL QR code which can be scanned with the bank app to finalise the payment. For recognised Users, this page shows the preffered IBAN of an Issuer as configured the iDEAL Profile of the User.
iDEAL \| Wero Product Verification (iPV)	A verification of the iDEAL \| Wero Transaction and the successful debiting and crediting of the iDEAL \| Wero Payment.
iDEAL Profile	The proposition of Currence iDEAL where a User can fill with Personal Data and which can be used to provide iDEAL Profile Data with an iDEAL \| Wero Transaction to a Merchant as an iDEAL Value Added Service (iDEAL VAS).
iDEAL Profile Agreement	The agreement between Currence iDEAL \| Wero and a User on the the creation and use of an iDEAL User Profile, as further elaborated in the applicable general terms and conditions of Currence iDEAL.
iDEAL Profile Data	Any subset of (personal) data from an iDEAL User Profile which is provided at the request of the Merchant with the consent of the User as an iDEAL VAS to an iDEAL \| Wero Transaction.
iDEAL Profile Management	The management (viewing, amending or deleting) of an iDEAL User Profile by a User in the online environment of the iDEAL Original Hub.
iDEAL Profile Page	The profile page operated by Currence iDEAL where the User is directed to when making an iDEAL User Profile, where all details of a User are shown and where the User can manage (view, amend or delete) its iDEAL User Profile.
iDEAL Profile Services	iDEAL Fast Payment and iDEAL Checkout.
iDEAL Profile Terms and Conditions	The terms and conditions of Currence iDEAL which the User has to accept for the purpose of creating an iDEAL User Profile and using the iDEAL Profile Services.

GR - part 1 - iDEAL R&R Glossary

Contents

Glossary

Number

A

B

C

D

E

F

G

I