Payment Failure
Payment failure is the unsuccessful outcome of a payment at validation, authorization, submission, execution, confirmation, clearing, or settlement. It should identify the…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Payment Failure Rate
Payment Failure Rate is the percentage of eligible payment attempts or operations that end in a defined failure state during a stated…
Payment Fault Tolerance
Payment fault tolerance is a system's ability to continue safe payment operations when components, networks, providers, or data paths fail. It combines…
Payment Fee
A payment fee is a charge associated with accepting, sending, processing, converting, confirming, settling, refunding, or paying out a payment. It can…
Payment File
A payment file is a structured collection of payment instructions or reports exchanged between a business, bank, provider, processor, or payment system.…
Payment Flow
A payment flow is the ordered path a payment follows from obligation and customer interaction through authorization, processing, confirmation, settlement, and accounting.…
Payment Form
A payment form is the interface used to collect the information required to initiate a payment. It can capture an amount, currency,…
Payment Friction
Payment friction is any effort, delay, confusion, failure, or perceived risk that makes a payment harder to start or complete. It can…
Payment Full Outage
Payment Full Outage is a condition in which a defined payment service or critical payment capability is completely unavailable to its intended…
Payment Funnel
A payment funnel is the sequence of measurable stages users or payment attempts pass through from checkout entry to successful completion. It…
Payment Gateway
A payment gateway is the technical service that securely receives payment details or instructions from a merchant channel and passes them to…
Payment High Availability
Payment High Availability is the architectural and operational capability to keep a payment service usable despite component failures, maintenance, and localized disruption.…
Payment Hub
A payment hub is a central orchestration layer that connects multiple channels, business systems, payment methods, processors, banks, networks, and ledgers. It…
Payment ID
A payment ID is a unique identifier assigned to a payment record within a defined system. It lets applications retrieve the payment,…
Payment Identifier
A payment identifier is any structured value used to distinguish or locate a payment across a system or exchange. It can be…
Payment Incident Management
Payment Incident Management is the structured process for detecting, containing, communicating, resolving, and learning from events that disrupt payment confidentiality, integrity, availability,…
Payment Infrastructure Architecture
Payment Infrastructure Architecture is the overall structural design of the systems, services, data stores, networks, providers, controls, and operating boundaries that deliver…
Payment Infrastructure Layer
Payment Infrastructure Layer is the architectural layer that provides technical mechanisms used by payment-domain and application logic. It commonly contains provider adapters,…
Payment Initiation
Payment initiation is the creation and authorized submission of an instruction to begin a payment. It identifies the payer, payee, amount, currency…
Payment Institution
A payment institution is a legal entity authorized or licensed under a jurisdiction's payment-services framework to provide specified payment services without necessarily…
Payment Instrument
A payment instrument is a personalized device, credential, procedure, or agreed method a payment service user employs to initiate a payment order.…
Payment Integration Boundary
Payment Integration Boundary is the explicit technical and responsibility boundary between a merchant system and a payment provider, bank, processor, wallet, or…
Payment Integration Event
Payment Integration Event is a durable business or technical event exchanged across a payment integration to report that a defined fact or…
Payment Intent
A payment intent is a system record representing the business objective to collect a defined payment before one specific execution attempt succeeds.…