Resources
The words of a programme, simply.
Every word on this site, explained in one or two short sentences. You need to know nothing beforehand to read this page. Where a page develops it, the link is given.
Seven groups
The vocabulary of a programme
These are the words MAP uses in its contracts and on its screens. Where a word has a limit, the limit is said in the definition.
Who does what
- Funder
- The organisation that puts up the money. It decides the budget, pays in the funds, and chooses who, when, how much, where and what for.
- Beneficiary
- The person or organisation that spends the budget allocated to them. They have a real account, a payment card and an app.
- Supplier
- The one who takes the payment: a shop, a company, a professional. They are paid as for any other card payment.
- Contributor
- The person or organisation that gives to a collection. They then see the payments their contribution made possible.
- The programme team
- The local authority, the charity or the company that runs the programme day to day. It enrols beneficiaries, allocates budgets and adjusts the rules. Read more.
The two uses
- Give funds
- Pay money to beneficiaries for a specific use. For example allowances, benefits, refunds against an invoice or grants. Read more.
- Collect funds
- Gather money from several people: fundraising pots, donations, corporate giving. Each contributor then sees what their contribution paid for. Read more.
- Collection
- The operation by which the funds are gathered. Every contribution is linked to the programme it funds. Read more.
- Programme
- What a funder sets up: a budget, rules of use, roles. And what each party must be able to see. Read more.
- White label
- The programme carries your brand, and MAP stays in the background. The roles of the financial operators are still shown. Read more.
The product and earmarking
- Earmarkable digital euro
- MAP’s product. Euros, on a real account, that can only be used for what you have decided. Read more.
- Earmarking
- The rules you set before the money is spent: who, when, how much, where and what for. They are checked before every payment. Read more.
- Local currency
- A payment programme serving one area. Restricting spending to an area is not enough, on its own, to make a complementary local currency in law. Read more.
- Activation
- The account and the card of a new beneficiary work straight away, as soon as they join the programme.
The way to pay
- Real account
- A payment account with an IBAN, which receives and sends SEPA transfers. It is not a bank deposit, and it is not a closed wallet. Read more.
- Universal payment card
- A card accepted wherever payment cards are: in store, online, anywhere in the world. It is not a prepaid card on a closed network, and the programme rules still apply. Read more.
- QR code
- A code to scan to pay a supplier from the app, without taking out a card.
Balance and statuses
- Available budget
- What a beneficiary can still spend. What is already reserved and what is already paid are taken out of it.
- Authorised operation
- The payment passed the check: the rule was verified before execution. The amount is set aside from the available budget. Read more.
- Settled operation
- The supplier has been paid. This is the payment recorded on the blockchain, and it counts towards the budget used. Read more.
- Refusal
- The payment is blocked because a programme rule was not met. The budget is untouched, and the beneficiary is given the reason. Read more.
- Redemption
- Converting the electronic money back into euros, on the terms set in the contract. An end date for use and the right to redeem are two distinct questions. Read more.
Electronic money
- Electronic money
- Euros that MAP issues against the euros you pay in. It is not a bank deposit, it bears no interest, and it is not covered by a deposit guarantee. Read more.
- One for one
- For every euro you pay in, MAP issues one euro of electronic money. Nothing is issued without funds received. Read more.
- Issuer
- The institution authorised to issue electronic money against the funds it receives. Read more.
- Safeguarding of funds
- The rules that protect the funds received in exchange for the money issued. It is not a bank’s deposit guarantee. Read more.
- KYC / KYB
- The checks made when the relationship starts: the identity of a person (KYC), that of a company (KYB). Read more.
Traceability and blockchain
- Blockchain
- A ledger where every payment of the programme is recorded, and which nobody can rewrite afterwards. No personal data appears on it. Read more.
- Tamper-proof
- Said of a record that nobody can change after the fact, neither MAP nor the funder. That is what separates proof from a merely declared record. Read more.
- AI supervision
- The AI analyses the supporting documents, checks the rule and blocks anomalies, before every operation. 100% of operations are checked before execution. Read more.
- Traceability
- Being able to find every payment and its status, in real time, in each role’s view. Read more.
- What the proof covers
- What the record proves: the payment, its amount, its supplier, its date and the rule applied. It proves neither the contents of the basket, nor the delivery, nor an impact. Read more.
Talk to an expert
A word is missing, or does not say what you expected.
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