Dependency

In the context of payment applications and systems, a dependency refers to any software or hardware component that is essential for the operation and functionality of the payment application. Dependencies can include a wide range of elements such as hardware terminals, databases, operating systems, APIs (Application Programming Interfaces), and code libraries. These components are crucial because they support the core functions of the payment application, ensuring that it performs as expected and meets the required standards and compliance regulations.

Dependencies are foundational to the infrastructure of payment applications, influencing their security, functionality, and regulatory compliance. Effective management of these dependencies is critical for the secure and efficient operation of payment systems in today's digitally driven financial landscape.