Performance-Based Payment Routing
Performance-Based Payment Routing is route selection that uses measured processing performance such as approval rate, latency, uptime, or cost-adjusted success to rank…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Point-of-Sale Payment
A point-of-sale payment is a payment completed at a physical or attended sales interaction using cash, card, wallet, bank, crypto, or another…
Processing Date
Processing date is the date on which a payment instruction is handled by a system, provider, clearing process, blockchain service, or accounting…
Production Payment
A production payment is a real payment processed in a live environment using actual customer data, credentials, funds, and financial obligations. For…
Proof of Payment
Proof of payment is evidence that a payer initiated or completed a payment-related action, such as a receipt, bank confirmation, provider record,…
Provider Settlement
Provider settlement is the process by which a payment provider calculates and transfers eligible net or gross proceeds to a merchant, platform,…
Provider-to-Bank Reconciliation
Provider-to-Bank Reconciliation is the comparison of a payment provider’s settlement or transaction records with bank-account activity to confirm cash movement. It focuses…
Provider-to-Ledger Reconciliation
Provider-to-Ledger Reconciliation is the comparison of provider reports or API records with internal ledger entries to verify accounting completeness and accuracy. It…
Provisional Settlement
Provisional settlement makes value or a settlement position available before every condition for final and irrevocable settlement has been satisfied. The credit…
Proximity Payment
A proximity payment is initiated through short-range interaction between a payer's device or credential and merchant acceptance equipment. It commonly uses contactless…
Pull Payment
A pull payment is initiated by the payee or its provider against the payer's account or authorized payment method under a mandate…
Push Payment
A push payment is initiated by the payer or payer's provider to send value to a specified recipient. Credit transfers, wallet sends,…
Real-Time Gross Settlement (RTGS)
Real-time gross settlement is a payment-system model that settles interbank funds transfers individually and continuously rather than netting them for later settlement.…
Real-Time Payment
A real-time payment is an electronic payment processed so the recipient receives funds or usable confirmation within seconds, commonly with continuous or…
Real-Time Payment Processing
Real-Time Payment Processing is the validation, decisioning, execution, and status update of payments with sufficiently low latency to support immediate user and…
Real-Time Payment Reconciliation
Real-Time Payment Reconciliation is the continuous or near-continuous comparison of payment records across systems so matches and exceptions are identified shortly after…
Reconciliation
Reconciliation compares independent records of financial activity to confirm that obligations, transactions, balances, fees, settlement movements, and accounting entries are complete and…
Reconciliation Accuracy
Reconciliation accuracy measures how correctly a reconciliation process matches, classifies, and calculates items against verified outcomes. It is not the same as…
Reconciliation Break
A reconciliation break is a difference between records that should agree, such as a missing item, amount mismatch, duplicate, timing difference, currency…
Reconciliation Exception
A reconciliation exception is an item or difference that the normal matching process cannot resolve within defined rules. It requires classification, ownership,…
Reconciliation File
A reconciliation file is a structured dataset containing transactions, balances, fees, statuses, or settlement information used to compare financial records. Its schema…
Reconciliation Job
A reconciliation job is a scheduled or triggered execution that loads defined source records, applies matching rules, creates results, and updates exception…
Reconciliation Match Key
Reconciliation Match Key is a field or composite identifier used to determine whether records from different payment or accounting sources represent the…
Reconciliation Match Rate
Reconciliation Match Rate is the proportion of in-scope reconciliation records that are matched successfully under the approved rules and timing window. It…