Resources
The words of a digital euro account, simply
Every word on this site, explained in one or two short sentences. This page can be read with no prior knowledge. Where a page develops it, the link is given.
From A to Z
The vocabulary of a digital euro account
These are the words MAP uses in its contracts and on its screens. Each definition says what the word covers
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A
ActivationThe product and earmarking
The account and the means of payment of a new user work straight away, as soon as they join the digital euro account.
Authorised operationBalance and statuses
The payment passed the check: the rule was verified before execution. The amount is set aside from the available budget. Read more.
Available budgetBalance and statuses
What a user can still spend. What is already reserved and what is already paid are taken out of it.
B
BlockchainTraceability and blockchain
A ledger where every payment of the digital euro account is recorded, and which stays as it was recorded. Personal data stays off chain. Read more.
C
Collect fundsThe two uses
Gather money from several people: fundraising pots, donations, corporate giving. Each contributor then sees what their contribution paid for. Read more.
CollectionThe two uses
The operation by which the funds are gathered. Every contribution is linked to the digital euro account it funds. Read more.
ContributorWho does what
The person or organisation that gives to a collection. They then see the payments their contribution made possible.
D
Digital euro accountThe two uses
What a funder sets up: a budget, rules of use, roles. And what each party must be able to see. Read more.
The digital euro account teamWho does what
The local authority, the charity or the company that manages the digital euro account day to day. It enrols users, allocates budgets and adjusts the rules. Read more.
E
Earmarkable digital euroThe product and earmarking
MAP’s product. Euros, on an account, whose use is reserved for what you have decided. Read more.
EarmarkingThe product and 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.
Electronic moneyElectronic money
Euros that MAP issues against the euros you pay in, one for one. It is redeemable at any time at par value, and the matching funds are kept in a dedicated account at BNP Paribas. Read more.
F
FunderWho does what
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.
G
Give fundsThe two uses
Pay money to users for a specific use. For example allowances, benefits, refunds against an invoice or grants. Read more.
I
IssuerElectronic money
The institution authorised to issue electronic money against the funds it receives. Read more.
K
KYC / KYBElectronic money
The checks made when the relationship starts: the identity of a person (KYC), that of a company (KYB). Read more.
L
Local currencyThe product and earmarking
A payment digital euro account serving one area: payments are earmarked to the suppliers of that area. A complementary local currency in law meets conditions of its own. Read more.
O
One for oneElectronic money
For every euro you pay in, MAP issues one euro of electronic money. Issuance follows receipt of the funds. Read more.
P
Payment accountThe way to pay
A payment account with an IBAN, which receives and sends SEPA transfers. The digital euro account rules apply to it. Read more.
Q
QR codeThe way to pay
A code to scan to pay a supplier from the app, without taking out a card.
R
RedemptionBalance and statuses
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.
RefusalBalance and statuses
The payment is blocked before execution, because a digital euro account rule stood against it. The budget stays intact, and the user is given the reason. Read more.
S
Safeguarding of fundsElectronic money
The rules that protect the funds received in exchange for the money issued. At MAP, they are kept in a dedicated account at BNP Paribas, in accordance with Article L. 522-17 of the French Monetary and Financial Code. Read more.
Settled operationBalance and statuses
The supplier has been paid. This is the payment recorded on the blockchain, and it counts towards the budget used. Read more.
SupplierWho does what
The one who takes the payment: a shop, a company, a professional. They are paid as for any other card payment.
T
Tamper-proofTraceability and blockchain
Said of a record that stays as it was written, for every party, MAP included. That is what turns a record into proof. Read more.
TraceabilityTraceability and blockchain
Being able to find every payment and its status, in real time, in each role’s view. Read more.
U
Universal payment cardThe way to pay
A card accepted wherever payment cards are: in store, online, anywhere in the world. The digital euro account rules apply to every payment. Read more.
UserWho does what
The person or organisation that spends the budget allocated to them. They have an account, means of payment and an app.
W
What the proof coversTraceability and blockchain
What the record proves: the payment, its amount, its supplier, its date and the rule that authorised it. Read more.
White labelThe two uses
The digital euro account carries your brand, and MAP stays in the background. The roles of the financial operators are still shown. Read more.
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