Embedded Payment
An embedded payment is a payment capability integrated directly into a non-payment product, platform, marketplace, or workflow. Users can pay or receive…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Emergency Withdrawal
An emergency withdrawal is an exceptional, time-sensitive transfer of funds or assets from a platform, wallet, custodian, or treasury location because normal…
End-of-Day Reconciliation
End-of-day reconciliation is the formal comparison and sign-off performed after a defined operational or accounting day has reached its cutoff. End-of-day reconciliation…
End-of-Day Settlement
End-of-day settlement calculates and completes settlement for eligible activity accumulated up to a defined daily cutoff. The cycle can generate net or…
Enterprise Settlement
Enterprise settlement is the controlled completion and accounting of payment obligations for a large organization across business units, providers, accounts, currencies, and…
Escrow Payment
An escrow payment places funds or assets under the control of a neutral or contractually designated intermediary until agreed release conditions are…
Exact Payment
An exact payment is a payment whose recognized amount matches the required amount under the configured currency, asset, valuation, fee, rounding, and…
Exception Management
Exception management is the controlled process for identifying, classifying, assigning, investigating, resolving, and learning from payment or accounting conditions that cannot complete…
Expired Payment
An expired payment is a payment request or attempt that exceeded its permitted completion window before satisfying the acceptance rules. The related…
External Payout
An external payout sends funds or assets from a platform or business balance to a destination outside the provider's internal ledger. The…
Failed Payment
A failed payment is a payment that did not complete under the applicable authorization, processing, confirmation, or settlement rules. Failure can result…
Failed Payment Recovery
Failed payment recovery is the process of resolving an unsuccessful payment and collecting the amount still owed. It can use customer communication,…
Failed Transaction
A failed transaction is a payment or transfer attempt that reaches an unsuccessful terminal or recoverable state before producing its intended financial…
Failover Payment Routing
Failover payment routing redirects new or safely retryable payment traffic from a failed or severely degraded primary route to a preapproved secondary…
Fallback Payment Routing
Fallback payment routing selects an alternative provider or rail when the preferred route cannot process a particular transaction under normal routing rules.…
Faster Payment Processing
Faster payment processing refers to payment operations designed to reduce the time between initiation and the availability of a confirmed processing outcome,…
Fee-Free Payment
A fee-free payment is a payment for which a specified party is not charged a stated payment fee. The term does not…
Fee-to-Ledger Reconciliation
Fee-to-ledger reconciliation confirms that processing, network, conversion, acquiring, payout, refund, and other payment fees are correctly represented in accounting or subledger entries.…
Fiat Settlement
Fiat settlement completes an obligation using government-issued currency credited through bank accounts, payment accounts, cash arrangements, or central-bank settlement systems. The original…
Final Settlement
Final settlement is the legally or operationally irreversible discharge of a payment obligation under the governing system's rules. After the finality point,…
Finalized Payment
A finalized payment is a payment that has met the finality threshold defined by the relevant network, provider, or business policy. It…
Financial Reconciliation
Financial reconciliation compares financial records from ledgers, banks, processors, wallets, invoices, settlements, and reports to prove that money movement and accounting agree.…
Fixed Fee
A fixed fee is a charge that remains a constant monetary or token amount for each transaction, invoice, withdrawal, service, or billing…
Four-Source Reconciliation
Four-source reconciliation compares four independently generated records of the same payment lifecycle, commonly the order or invoice, payment platform, external provider or…