Payment Processing Step
Payment Processing Step describes an individual operation within a payment workflow, such as validating a field, checking a balance, selecting a route,…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Payment Processing Time
Payment processing time is the duration between defined processing milestones, such as receipt and provider submission or initiation and confirmed outcome. It…
Payment Processor
A payment processor is an entity or system that handles payment transaction messages and operational steps for merchants, acquirers, issuers, banks, or…
Payment Prompt
A payment prompt is a customer-facing message or interface request asking the payer to choose a method, provide information, authenticate, approve, or…
Payment Provider
A payment provider is a broad term for an organization or service supplying one or more payment capabilities, such as gateway access,…
Payment Provider Outage
Payment Provider Outage is a period when an external payment provider cannot deliver one or more contracted payment functions for the affected…
Payment Rail
A payment rail is the infrastructure and rule arrangement used to transmit, process, clear, or settle payment value between participants. Card networks,…
Payment Rail Outage
Payment Rail Outage describes a disruption of an underlying payment rail that prevents or materially delays eligible participants from clearing, transferring, confirming,…
Payment Reason Code
Payment Reason Code means a standardized or provider-defined code that explains why a payment, message, status, return, rejection, repair, or investigation outcome…
Payment Recall
Payment Recall describes a request to retrieve, cancel, or reverse a payment instruction after submission when the governing rail and current processing…
Payment Receipt
A payment receipt is a record provided after a payment event to document what was paid, by whom, to whom, when, through…
Payment Reconciliation
Payment reconciliation compares expected obligations and internal payment records with provider reports, bank or wallet activity, settlement, fees, refunds, disputes, and accounting…
Payment Reconciliation Engine
A payment reconciliation engine is software that ingests independent financial and operational records, normalizes them, applies controlled matching rules, calculates differences, and…
Payment Reconciliation Layer
Payment Reconciliation Layer is the architectural layer that compares payment obligations, processing records, provider data, rail movements, settlements, fees, and ledger entries…
Payment Reconciliation Rate
Payment Reconciliation Rate means the proportion of payment records or value that has been successfully matched and explained across the systems included…
Payment Reconciliation Report
A payment reconciliation report summarizes matched and unmatched payment activity for a defined scope and cutoff. It should explain source totals, differences,…
Payment Recovery Point Objective
Payment Recovery Point Objective is the maximum acceptable amount of payment data or transaction progress that may be lost, measured as a…
Payment Recovery Time Objective
Payment Recovery Time Objective is the target maximum time for restoring a payment service or business process to an acceptable operating level…
Payment Redundancy
Payment redundancy is the deliberate duplication of critical components, connections, providers, data paths, or capacity so payment service can continue after a…
Payment Reference
A payment reference is a value used to connect a payment with an invoice, order, beneficiary, purpose, or business record. It may…
Payment Reminder
A payment reminder is a message sent before or after a due date to tell a payer that an obligation remains unpaid…
Payment Repair
Payment Repair describes the controlled correction or completion of a payment instruction, message, routing detail, or operational record that cannot proceed because…
Payment Request Trace
Payment Request Trace is an end-to-end trace that follows one payment request and its related operations across services, queues, providers, rails, and…
Payment Resilience
Payment resilience is the ability of a payment service to prevent, absorb, respond to, and recover from failures while protecting customers and…