Payment System Participant
A payment system participant is an institution or other eligible entity admitted to use a payment system under its rules. Participation may…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Payment Tag
A payment tag is a structured label attached to a payment for classification, filtering, routing, reporting, or workflow automation. Tags should use…
Payment Telemetry
Payment Telemetry is the machine-generated metrics, logs, traces, events, and health signals used to understand how payment services behave in production. It…
Payment Terminal
A payment terminal is a physical or software-based point-of-interaction device used to capture payment credentials, amount, approval, or authentication and submit a…
Payment Terminal ID
A payment terminal ID is the identifier assigned to a payment terminal or terminal profile within an acquiring, processor, merchant, or network…
Payment Terms
Payment terms are the agreed commercial conditions governing when, how, and how much a payer must pay. They can define due dates,…
Payment Timeout
A payment timeout occurs when a system stops waiting for a response or outcome after a defined interval. It is a local…
Payment Timeout Rate
Payment Timeout Rate is the proportion of payment operations that exceed a defined response or completion deadline during a measurement period. In…
Payment Tokenization
Payment tokenization is the process of converting a payment credential, claim, invoice, or monetary asset into a token used for safer processing…
Payment Trace ID
Payment Trace ID is a unique identifier carried across related payment service calls so engineers can reconstruct one end-to-end execution path. It…
Payment Tracing
Payment Tracing is the practice of capturing and correlating spans across payment services, queues, databases, and providers to reconstruct transaction execution. It…
Payment Track ID
A payment track ID is a stable identifier used to follow one payment request or processing flow across systems and lifecycle events.…
Payment Tracking
Payment tracking is the continuous observation of a payment's progress across internal states and external providers, networks, banks, wallets, settlement, and notifications.…
Payment Uptime
Payment uptime is the proportion of a defined period during which a payment service or capability is available and meeting its stated…
Payment URL
A payment URL is a web address that opens a payment page, invoice, or session for a specific merchant obligation. It may…
Payment Validation
Payment validation is the set of checks that determine whether a payment instruction is complete, well-formed, permitted, and consistent before acceptance or…
Payment Void
Payment Void is the cancellation of a payment authorization or pending payment record before it becomes a completed financial charge or settlement…
Payment Widget
A payment widget is an embeddable user-interface component that lets a merchant present payment methods, collect approved inputs, or launch a provider-hosted…
Payment Workflow Layer
Payment Workflow Layer is the application layer that coordinates payment steps, states, decisions, retries, approvals, and downstream actions across participating services. It…
Payment-Method Routing
Payment-Method Routing is the selection of a processing route according to the payment method, scheme, rail, wallet, or account type requested for…
Payment-to-Ledger Reconciliation
Payment-to-Ledger Reconciliation is the comparison of payment records with ledger postings to confirm that every recognized payment has the correct accounting effect.…
Payment-to-Order Reconciliation
Payment-to-Order Reconciliation is the process of proving that each received, attempted, reversed, refunded, or failed payment is correctly associated with the intended…
Payment-to-Settlement Reconciliation
Payment-to-Settlement Reconciliation is the comparison of payment obligations and processor outcomes with settlement records to verify that expected funds were actually settled.…
Payment-versus-Payment (PvP)
Payment-versus-Payment (PvP) is a settlement mechanism in which the final transfer of one currency occurs only if the corresponding final transfer of…