Payments language demystified

A payment hardware device (e.g., POS terminal, mobile card reader) supplied by a payments platform but branded and configured under a partner’s identity (i.e., the partner’s logo, user interface, settlement flows) so that the end merchant interacts with the partner’s brand. In contrast, the platform handles processing and settlement behind the scenes. Important for SaaS companies or marketplaces that want to present a consistent brand to their merchants while leveraging the platform’s payment infrastructure.