Batch Processing
Batch processing collects records or tasks and processes them together instead of handling each item immediately. Payment systems use it for file…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Batch Settlement
Batch settlement settles a group of payment obligations during a defined processing cycle rather than settling each transaction individually when it occurs.…
Beneficiary
A beneficiary is the person, business, account, or legal entity ultimately entitled to receive the economic value of a payment. The beneficiary…
Bilateral Clearing
Bilateral clearing is the validation, matching, and calculation of payment obligations between two participants. It determines what each party owes the other…
Bilateral Net Settlement
Bilateral net settlement discharges the net amount owed between two parties after offsetting their eligible mutual obligations. Only the resulting net position…
Bilateral Payment Netting
Bilateral Payment Netting is an arrangement in which two counterparties offset mutual payment obligations to produce one net amount payable by one…
Booking Date
Booking date is the date on which a financial transaction or accounting entry is recorded in an institution's books or ledger. It…
Bulk Payment
A bulk payment operation creates or submits many payments through one coordinated workflow, file, or API request. Bulk describes operational scale and…
Bulk Payout
A bulk payout sends funds to many recipients through one coordinated outbound workflow. It is commonly used for payroll, suppliers, sellers, contractors,…
C2B Payment
A C2B payment is a consumer-to-business transfer in which an individual pays a business for goods, services, bills, subscriptions, donations, or other…
Cancel a payment
To cancel a payment is to request that an instruction be stopped before it reaches a point where cancellation is no longer…
Canceled Payment
A canceled payment is a payment instruction that was successfully stopped under the applicable provider or payment-rail rules before completion. The status…
Cardless Payment
A cardless payment is completed without using a payment card credential as the payment method. Examples include account-to-account transfers, digital wallet balances,…
Cash Reconciliation
Cash Reconciliation is the process of proving that physical or recorded cash movements agree with receipts, deposits, registers, bank activity, and ledger…
Central Bank Money
Central Bank Money is money that is a direct liability of a central bank, including banknotes and central bank reserve balances used…
Chargeback
A chargeback is a card-payment reversal initiated through the cardholder's issuer under card-scheme dispute rules. The disputed amount is debited or reserved…
Chargeback Abuse
Chargeback abuse occurs when a cardholder improperly uses the dispute process to reverse a legitimate transaction, such as claiming non-receipt after receiving…
Chargeback Cycle
The chargeback cycle is the sequence of deadlines, messages, evidence exchanges, financial movements, and decisions used to handle a card dispute. It…
Chargeback Protection
Chargeback protection is a service, policy, or control arrangement intended to prevent disputes or absorb eligible chargeback losses when stated conditions are…
Chargeback Rate
Chargeback rate is the number or value of chargebacks divided by a defined population of card transactions over a specified measurement period.…
Chargeback Representment
Chargeback representment is the acquirer or merchant response that resubmits a disputed card transaction with evidence and a reason why the chargeback…
Chargeback Reversal
A chargeback reversal is the financial and case-status change that returns a previously charged-back amount to the merchant side because the dispute…
Chargeback-Free Payment
Chargeback-free payment is a commercial description for a payment method that does not use the card-scheme chargeback mechanism. It does not mean…
Clearing
Clearing is the process of transmitting, validating, matching, confirming, and sometimes netting payment instructions to establish participant obligations before settlement. Clearing determines…