Ideas
for a more
human economy
QSTVE / Glossary
Plain-English definitions of the payments, policy and AI terms that keep coming up, with every essay that uses them.
Payments
A financial institution or provider that helps a business accept card payments.
Appears in 3 essays
AI & work
Describes a system that can pursue a goal through a sequence of actions with some autonomy.
Appears in 8 essays
AI & work
A defined way for software systems to communicate with one another.
Appears in 6 essays
Payments
A check that determines whether a payment can proceed.
Appears in 3 essays
AI & work
A standard task or measure used to compare performance.
Appears in 5 essays
Banking
A shared record of transactions organized into linked blocks.
Appears in 2 essays
Payments
A system that connects participants and carries card payment information between them.
Appears in 3 essays
Policy & regulation
The central banking system of the United States.
Appears in 3 essays
AI & work
A constraint or safeguard intended to keep a system within defined limits.
Appears in 3 essays
AI & work
The process of using a trained model to produce an output from an input.
Appears in 3 essays
Payments
A fee exchanged between financial institutions when a card payment is processed.
Appears in 2 essays
Payments
A financial institution that provides a payment card or account to a customer.
Appears in 4 essays
Banking
A record of financial entries and balances.
Appears in 3 essays
Banking
The availability of cash or assets that can readily be converted to cash.
Appears in 2 essays
AI & work
An advantage that makes it harder for competitors to challenge a business.
Appears in 2 essays
Banking
A financial service provider that primarily serves customers through digital channels.
Appears in 3 essays
Policy & regulation
A federal agency that charters and supervises national banks and federal savings associations.
Appears in 2 essays
AI & work
Information about the origin and history of an item or its contents.
Appears in 4 essays
Banking
The process of comparing records and resolving differences between them.
Appears in 2 essays
Payments
A digital asset designed to maintain a stable value relative to a reference asset.
Appears in 11 essays
Payments
Representing an asset, or a piece of sensitive data, as a digital token that can be held or passed along in its place.
Appears in 3 essays
Definitions are QSTVE's plain-English summaries, not legal or financial advice.
QSTVE Weekly sends the latest from all four series in one email.
Subscribe to QSTVE Weekly