Four-Way Reconciliation
Four-way reconciliation compares four related sources for the same financial activity, such as orders or invoices, payment-provider transactions, settlement or bank records,…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Full Refund
A full refund returns the entire refundable amount associated with a payment or purchase under the applicable policy. The returned amount may…
Full Withdrawal
A full withdrawal transfers the entire balance currently eligible for withdrawal from an account, platform, or wallet. Reserved funds, pending settlements, minimum…
Gateway Fee
A gateway fee is a charge imposed by a payment gateway for creating, routing, monitoring, authorizing, or presenting a payment transaction. It…
Generate Payout
Generate payout describes the operation that creates an outbound payout instruction from an approved obligation, balance, or request. Generation assigns identifiers and…
Geographic Payment Routing
Geographic payment routing chooses a provider, acquiring connection, or payment rail using relevant location attributes such as merchant country, customer country, issuer…
Gross Settlement
Gross settlement completes each eligible payment obligation individually for its full amount without offsetting it against other payments. It reduces netting exposure…
Gross Settlement System
A gross settlement system is a payment or market infrastructure that settles transfer instructions individually at their full value rather than settling…
High-Value Payment
A high-value payment is a payment considered large under a scheme, institution, business, or risk policy. The threshold depends on currency and…
Holiday Payment
A holiday payment is a payment initiated, scheduled, processed, or due on a day when one or more relevant financial institutions or…
Hosted Payment URL
A hosted payment URL is a link to a payment page operated by a payment provider or platform. It carries or resolves…
Idempotency Conflict
An idempotency conflict occurs when an idempotency key already associated with one request is reused for a request whose operation or parameters…
Idempotency Expiration
Idempotency expiration is the point at which a service no longer guarantees that it retains the key and stored result needed to…
Idempotency Key Collision
An idempotency key collision occurs when two independently intended operations receive the same idempotency key within a scope where the service expects…
Idempotency Replay
Idempotency replay is the resubmission of a request with the same idempotency identity so that the service can reproduce the original result…
Idempotency Token
An idempotency token is a client- or system-generated value that identifies one logical operation across retries so repeated submissions do not create…
Idempotent Payment Operation
An idempotent payment operation is designed so repeating the same logical command produces no additional financial side effect beyond the first successful…
In-App Payment
An in-app payment is initiated and completed within a mobile, desktop, web, or platform application experience. The application can use an embedded…
In-Chat Payment
An in-chat payment is requested or initiated within a messaging conversation, support session, bot, or chat application. The transfer may complete through…
Indirect Clearing Member
An indirect clearing member accesses a clearing system through a direct member rather than connecting and settling directly with the system operator.…
Instant Bank Payment Processing
Instant bank payment processing is the operational handling of account-to-account bank payments intended to produce a near-immediate acceptance or completion result through…
Instant Payment
An instant payment is an account-to-account electronic payment processed with funds made available to the recipient within seconds, typically at any time…
Instant Payment Notification (IPN)
An Instant Payment Notification is a server-to-server message that informs a merchant or application about a payment-related event. Despite the name, the…
Instant Payout
An instant payout is an outbound payment designed to make funds available to the recipient within seconds or minutes rather than through…