Glossary

👥 End-Users (Cardholders)

Term	Definition
Cardholder	The individual to whom the credit card is issued.
Credit Limit	The maximum amount you can spend on your credit card.
Minimum Amount Due	The minimum amount you must pay to avoid penalties.
Total Amount Due	The total amount of the current billing cycle.
Statement	A monthly summary of all your card transactions, fees, and dues.
Statement Date	The date marks the end of your billing cycle and the generation of a new statement.
Masked Card Number	Your partially hidden card number (e.g., `**** 1234`) for security.
Virtual Card	A digital version of your credit card, used for online purchases.
Physical Card	The plastic version of your card.
EMI	Equated Monthly Installment: A monthly repayment option to divide eligible transactions over time.
KYC	Know Your Customer: A mandatory identity verification process, required to issue your card.
PAN	Permanent Account Number: Your tax identity number, used to verify credit eligibility.
Mobile Number Binding	The process of linking your phone number to your credit card account for secure access.
Lost Card	If reported as lost, the card is blocked and replaced to prevent misuse.
Transaction	Any purchase, refund, fee, or payment made using your credit card.
Due Date	The last date to pay your card bill to avoid late fees.

Term	Definition
API	Application Programming Interface: A set of functions to interact with Falcon services like user creation, card issuance, etc.
Authorization Key	A credential shared during onboarding to authenticate API requests.
User ID	A Falcon-generated identifier for the customer, used across all different scenarios.
Account ID	The ID of the user’s credit card account associated with a specific card product.
Program ID	A unique identifier that connects users/cards to a co-brand or issuer-specific program.
Device Binding	A secure process of associating a mobile device with a user for authentication.
Callback URL	The endpoint your system provides to receive real-time updates from Falcon. For example, KYC complete.
Webhook	A method to receive event notifications from Falcon. For example, a card is issued, the user is verified, and so on.
KYC URL	A secure link, sent to users to complete their identity verification journey.
Tokenization	Replacing actual card data with a token for secure online transactions.
BIN	Bank Identification Number: The first 6 digits of a card that define the issuer and card product.
Microcopy	A short instructional text (e.g., field labels, tooltips) authored by writers during UI integration.
Sandbox Environment	A test setup used by developers to simulate production API behavior before go-live.

Term	Definition
Issuer	A regulated entity (bank or NBFC) that underwrites and issues the credit card.
Co-branded Card	A credit card issued jointly by Falcon, a bank/NBFC, and a consumer brand (e.g., Nykaa).
Card Program	A configuration of product rules, branding, credit logic, and limits tied to an issuer or brand.
Credit Eligibility or Credit Underwriting	The result of the issuer’s credit check API determines approval and credit limit.
FD-Backed Credit Card or Secured Credit Cards	A secured card where the credit limit is backed by a fixed deposit held by the user.
Unsecured Credit Card	A credit product issued based on creditworthiness, not backed by a deposit.
Compliance Check	Validation of regulatory requirements, e.g., KYC, credit approval logs, audit trails.
Changelog	A versioned log of changes to APIs, products, or documentation, shared with partners.
Limit Management	Control over credit limits, risk policies, or transaction controls, configurable per partner.
Statement Configuration	Custom rules on how or when statements are generated for end-users.
Issuer Dashboard	Falcon’s interface for issuers or co-brands to monitor program performance, user metrics, and card activity.
Product Variant	The specific subtype of a credit card product (e.g., Platinum, Honour, Travel Elite).