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P
Participant
Payment
Payment card
Payment instrument
Payment lag
Payment order
Payment versus payment (PVP)
Personal Identification Number (PIN)
PeSIT
Point of sale
Prepaid card
Prepaid card acceptor
Prepaid cardholder
Private key
Protection Profile (PP)
Provisional transfer
Public key
Public Key Infrastructure (PKI)
Purse holder
Purse provider
Public Key Infrastructure (PKI)

A combination of hardware and software products, policies and procedures that provide the basic security required to carry out electronic business so that users, who do not know each other, or are widely distributed can communicate securely through a chain of trust. A Public Key Infrastructure is based on digital certificates that act like “electronic passports”. It should consist of a security policy, a certification authority, a registration authority, a certificate distribution system and PKI enabled applications.