24/7 Payment
A 24/7 payment is a payment that can be initiated or received at any time, including nights, weekends, and holidays. Continuous availability…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Acceptance for Settlement
Acceptance for settlement is the point at which a payment system admits a valid instruction into the process that will discharge the…
Account Transfer
An account transfer moves value from one account to another within the same institution, platform, ledger, or connected financial network. It can…
Account-to-Account Payment Processing
Account-to-Account Payment Processing is the initiation, validation, routing, posting, and status management of payments transferred directly between payer and payee bank accounts.…
ACH Return
ACH Return is an Automated Clearing House entry sent back through the ACH Network because the original credit or debit cannot be…
Advance Payment
An advance payment is money paid before the seller delivers goods, performs services, or completes another contractual obligation. It can cover the…
Approval Rate
Approval rate is the percentage of eligible payment attempts that receive approval from the relevant issuer, provider, risk system, or authorization process.…
Asset Routing
Asset routing selects the path, network, provider, liquidity venue, wallet, account, or conversion sequence used to move a particular asset from source…
Automated Clearing House (ACH)
The Automated Clearing House is the United States' batch-oriented electronic funds transfer network for direct deposits and direct payments between financial institution…
Automated Payment Reconciliation
Automated Payment Reconciliation is the use of software rules and data integrations to match payment events to orders, settlements, bank records, and…
Automated Payout
An automated payout is an outgoing payment created and processed by software when a schedule, balance threshold, approved obligation, or other business…
Automated Reconciliation
Automated Reconciliation is the broader use of software to compare and explain records between two or more operational or financial systems. In…
Automated Settlement
Automated settlement uses software and predefined rules to complete the delivery, posting, or transfer that discharges payment obligations with limited manual intervention.…
B2B Payment
A B2B payment is a payment between businesses for invoices, inventory, services, subscriptions, taxes, financing, or other commercial obligations. It commonly involves…
B2C Payment
A B2C payment is a payment in a business-to-consumer relationship, usually from an individual customer to a business for personal goods or…
Balance Reconciliation
Balance reconciliation verifies that a balance reported by a bank, wallet, processor, gateway, or internal ledger agrees with the transactions and adjustments…
Balance-to-Ledger Reconciliation
Balance-to-Ledger Reconciliation is the process of proving that an operational payment balance agrees with the corresponding balance recorded in the accounting or…
Bank Reconciliation
Bank reconciliation compares an organization's accounting cash balance with bank statements and bank transaction data. It identifies timing differences, fees, interest, returned…
Bank Transfer
A bank transfer moves money between bank or payment accounts using an account-based payment rail. It may be domestic or cross-border, push-…
Bank Transfer Processing
Bank Transfer Processing is the end-to-end handling of a payment instruction that moves money through bank accounts and bank payment rails. In…
Bank-to-Ledger Reconciliation
Bank-to-Ledger Reconciliation is the process of matching bank statement or transaction records to internal ledger entries and explaining every difference. In a…
Batch Payment
A batch payment groups multiple payment instructions for submission or processing together at a planned time. Each underlying payment should retain its…
Batch Payment Reconciliation
Batch Payment Reconciliation is the reconciliation of a grouped set of payment instructions or settlements processed under a shared batch or file…
Batch Payout
A batch payout submits multiple outgoing recipient payments as one managed batch. The batch simplifies approval and transmission, but each payout remains…