Reconciliation Match Window
A reconciliation match window is the permitted period in which a payment observation may be associated automatically with an invoice or expected…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Reconciliation Rule
Reconciliation Rule is a documented condition that determines how records are matched, classified, tolerated, or routed to exception handling. It is one…
Reconciliation Rule Set
Reconciliation Rule Set is the governed collection of reconciliation rules applied to a defined source pair, product, currency, or operational process.
Reconciliation Tolerance
Reconciliation tolerance is a documented allowance for small, explainable differences between financial records, such as rounding or approved fees. It has an…
Refund
A refund is a new financial transaction that returns all or part of an eligible payment to the customer or original funding…
Refund Abuse
Refund abuse is the intentional misuse of refund policies or processes to obtain value that is not legitimately owed. Examples include false…
Refund Address
A refund address is the destination identifier used to return funds, commonly a blockchain address for a specified asset and network. It…
Refund Alert
A refund alert is a notification generated when refund activity meets a defined operational, financial, fraud, or service condition. It can flag…
Refund Amount
Refund amount is the value selected for return against an eligible original payment. Systems must distinguish requested, approved, gross, fee-adjusted, converted, sent,…
Refund Confirmation
Refund confirmation is the evidence or decision that a refund reached a defined processing, network, recipient, or settlement threshold. The confirmation source…
Refund Currency
Refund currency is the fiat currency or digital asset in which returned value is denominated or delivered. It may differ from pricing…
Refund Eligibility
Refund eligibility is the set of conditions under which a customer, transaction or purchase qualifies for a return of paid value under…
Refund Fee
A refund fee is a charge associated with creating, processing, converting, or delivering a refund. The original payment fee may also be…
Refund Network
Refund network is the payment rail or blockchain used to return value to a customer. It can be required to match the…
Refund Policy
A refund policy explains when a merchant will return a crypto payment, how much will be returned, in which asset and network,…
Refund Processing
Refund processing is the operational handling of a refund from eligibility and approval through destination validation, amount calculation, submission, confirmation, settlement, notification,…
Refund Processing Pipeline
A refund processing pipeline moves an approved repayment from eligibility review and recipient verification through authorization, transfer execution, confirmation and accounting. Every…
Refund Rate
Refund rate is the proportion of payment activity that is refunded within a defined population and time window. It can be measured…
Refund Receipt
A refund receipt is a record provided to document that a refund was created or completed for a defined original payment. It…
Refund Reconciliation
Refund reconciliation compares approved refund obligations and internal records with provider results, bank or blockchain movements, fees, reversals, settlement adjustments, customer outcomes,…
Refund Settlement
Refund settlement is the transfer and posting of value that completes the financial obligations created by a refund between customer, merchant, provider,…
Refund State
Refund State is a named lifecycle condition showing the current status of a refund and the transitions or actions still available. It…
Refund Tracking
Refund tracking follows a refund across request, eligibility, approval, submission, provider or network processing, confirmation, customer receipt, settlement, failure, and reconciliation. It…
Refund Transaction
A refund transaction is the distinct financial record used to return value against an original payment. It has its own identifier, amount,…