Jargon of Electronic Banking

Electronic banking is a particular universe which uses specific vocabulary and expressions. 

1.  The glossary of electronic banking

Electronic banking: 

According to the definition of "Petit Larousse", electronic banking is "the whole of the devices using data processing and electronics in banking transactions".

According to the Economic and Social Council, electronic banking refers to the whole of data processing, electronic and view data techniques which allow the exchange of funds without paper money and implying a tripartite relation among the customer, the bank and the trader.

According to Didier Hallépée in his book "L'univers de la monétique" (the universe of electronic banking), electronic banking refers to the whole of the activities related to numerical payment, more particularly to the payment by card.  


It is the customer of the bank who subscribes a to a "card contract". He can either be the registered holder of the account (case of individuals) or the "professional" bearer of a card leaned on the account of a company. 


The card is a means of withdrawal and/or payment which comes  in a plastic card form, equipped with a magnetic tape and/or a microchip.


The financial organization which puts Automatic teller machines (ATMs) at the disposal of its customer or Electronic Payment Terminals (EPT). 


It is the trader, the artisan or any other actor of a liberal profession who  accepts the electronic means of payment.

Personal Identification Number (PIN):

The PIN or secret code called Personal identification number is a succession of four (04) figures intended to authenticate the owner of a bank card. 

PIN Mailer:

Mail through which the manufacturer of the card directly communicates the confidential code to the bearer.


ATM (Automatic Teller Machine) is a high-level Automatic money distributor. 

Electronic Payment terminal:

Electronic device able to read the data of a bank card, to record a transaction, and to communicate with a database server. 


Technical process which consists in integrating the data of the bearer in the card.

Primary Account Number (PAN):

The PAN is the identification number of the card printed on the back of the latter. It is generally made up of 16 characters (bank cards) or 19 characters (private cards) and allows the Purchaser and banking networks to sort the transaction towards the Issuing.

Bank Identification Number (BIN):

The BIN represents the first six (06) figures of the card allotted by the International Standards Organization ISO. The BIN allows the  identification of  the establishment transmitting the card. The BIN is also known as the  Issuer Identification Number (IIN).

2.  Expressions of electronic banking

The following "electronic banking" expressions are generally used in the jargon of CCA. 

07 days slipping:

The expression 07 days slipping (different from 07 days per week) is a banking expression (within the framework of electronic banking) to specify 07 days as from the day when the customer carried out the operation (DAB withdrawal).

Principal bearer:

The principal bearer is the owner of the account and who  holds a card on his/her account.

Secondary bearer:

The secondary bearer is a customer who holds a card on the account of the principal bearer. He can be the principal bearer himself or a third party. 

Principal card: 

Card held by the principal bearer

Secondary card:

Card belonging to a secondary bearer

Card or bearer contract: 

Contract which sets the reciprocal rights and duties of the holder of an account and the bank, within the framework of the granting of a card. 


Operation which consists in blocking the card temporarily while waiting for the confirmation of the opposition. The suspension of the card is a reversible process. 

Setting in opposition:  

Operation which consists in blocking definitively the card in the system. The setting in opposition is an irreversible process. It requires the manufacture of a new card.

Activation of the card:

Operation which consists in making the card usable on the ATM after giving it to the customer.


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