Settlement Time
Settlement time is the clock time or elapsed duration at which settlement occurs or is expected to occur. The term can refer…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Settlement Token
A settlement token is a digital token used to discharge obligations on a blockchain or tokenized financial platform. It may represent a…
Settlement Transfer
A settlement transfer is the movement of funds, securities, or digital assets that discharges a settlement obligation between accounts or participants. It…
Settlement Verification
Settlement verification is the process of confirming that settlement occurred according to the expected parties, asset, amount, destination, timing, and finality rules.…
Settlement Visibility
Settlement visibility is the ability to see the current and historical state of settlement obligations, instructions, balances, timing, fees, exceptions, and final…
Settlement Window
A settlement window is a defined period during which settlement instructions are accepted, processed, funded, or finalized. Windows are set by system…
Small Payment
A small payment is a low-value transaction relative to the applicable market, product, or business threshold. The value may be small, but…
Smart Payment Routing
Smart Payment Routing is payment-specific route selection that combines rules and current data to choose a processor, provider, rail, currency path, or…
Social Payment
A social payment is initiated or coordinated through a social network, messaging app, community platform, or contact-based experience. It can support peer…
Split Payment
A split payment divides one customer obligation or checkout amount across multiple payment methods, payers, destinations, or funding sources. Each component must…
Split Payout
A split payout divides one payable amount or payout event among multiple beneficiaries or destinations. It is used for revenue sharing, commissions,…
Split Settlement
Split settlement distributes settlement proceeds among multiple accounts, participants, currencies, assets, or settlement dates according to defined rules. It can occur at…
Standing Order
A standing order is a payer's instruction to its financial institution to send a specified payment to a recipient on a recurring…
Static Payment Routing
Static Payment Routing is route selection based on fixed configuration or predetermined priority rather than current performance or risk signals. It does…
Streaming Payment
A streaming payment releases or accrues value continuously or in very small time-based increments instead of paying one fixed amount at a…
Supported Cryptocurrency
A supported cryptocurrency is a native coin or digital asset that a wallet, exchange, payment processor, merchant, custodian, or application has explicitly…
Supported Token
A supported token is a contract-issued or protocol-native asset that a platform has explicitly configured for deposits, withdrawals, payments, trading, custody, or…
Swap Reconciliation
Swap reconciliation verifies that an asset or currency swap was quoted, executed, settled, and recorded correctly across orders, fills, balances, fees, rates,…
Swap Settlement
Swap settlement is the completion of both asset or currency legs of a swap so that each party or account receives the…
SWIFT Payment
A SWIFT payment is a payment instruction communicated between financial institutions over the SWIFT network. SWIFT provides secure standardized messaging, while the…
SWIFT Payment Processing
SWIFT Payment Processing is the preparation, validation, transmission, receipt, and operational handling of payment messages exchanged through the Swift network. Swift provides…
Systemically Important Payment System (SIPS)
A Systemically Important Payment System is a payment system whose disruption could trigger or transmit serious problems across the financial system or…
T+0 Settlement
T+0 settlement means a transaction settles on the same business date as the trade or transaction date, where T represents that originating…
TARGET Instant Payment Settlement (TIPS)
TARGET Instant Payment Settlement (TIPS) is the Eurosystem service that settles eligible instant payments in central bank money around the clock. TIPS…