Mass Payment
A mass payment is a high-volume operation that sends many payment instructions to multiple beneficiaries through one coordinated process. It is used…
Payment Infrastructure & Operations
Payment processing, operations, routing, fees and merchant infrastructure.
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Terms (702)
Mass Payout
A mass payout is a high-volume outbound distribution from a platform or organization to many recipients. It combines batch creation and funding…
Maximum Payment
Maximum payment is the highest amount that a merchant, provider, account, payment method, asset, network, or transaction type permits for one payment.…
Mean Time to Recovery (MTTR)
Mean time to recovery is the average elapsed time required to restore an impaired payment service or capability after a qualifying failure…
Merchant Payout
A merchant payout is the transfer of funds owed by a payment provider, marketplace, or acquiring arrangement to a merchant. It usually…
Merchant Reconciliation
Merchant reconciliation compares a merchant's orders, payment transactions, fees, refunds, chargebacks, conversions, settlements, payouts, and accounting entries. It proves how gross customer…
Merchant Refund
A merchant refund is value returned to a customer by or on behalf of a merchant for a completed or partially completed…
Merchant Settlement
Merchant settlement is the process that makes eligible payment proceeds available to a merchant after processing, fees, reserves, refunds, chargebacks, conversions, and…
Merchant Settlement Cycle
A merchant settlement cycle is the recurring schedule and processing sequence used to calculate and deliver merchant proceeds. It defines cutoffs, eligible…
Merchant Settlement Policy
A merchant settlement policy defines how and when a provider calculates, holds, converts, deducts, and releases merchant funds. It covers eligible transactions,…
Merchant Withdrawal
A merchant withdrawal is a merchant-initiated transfer of eligible funds from a provider balance to an external bank account, wallet, card, or…
Merchant-Based Routing
Merchant-based routing applies provider and rail selection rules associated with a specific merchant, merchant entity, account, business model, or risk profile. Merchant-based…
Milestone Payment
A milestone payment becomes due when a defined project stage, deliverable, performance target, or approval is reached. It divides a larger contract…
Minimum Payment
Minimum payment is the smallest amount a merchant, provider, payment method, asset, network, or invoice workflow will accept as one payment. The…
Minimum Payout
Minimum payout is the smallest eligible balance or transfer amount that can be sent through a payout route. Amounts below the threshold…
Mixed Payment Processing
Mixed payment processing handles several payment methods, currencies, assets, networks, providers, or transaction types within one operational system. The platform normalizes common…
Mobile Payment
A mobile payment is initiated, authorized, or completed using a mobile device. It can use a wallet, card token, bank application, QR…
Monitoring Dashboard
A monitoring dashboard presents current and historical payment-health indicators in one operational view. It can show volume, value, latency, approval and decline…
Multi-Currency Settlement
Multi-currency settlement allows obligations or merchant proceeds to be settled in more than one supported currency. A provider can preserve received currencies,…
Multi-Party Settlement
Multi-party settlement completes related obligations among three or more participants, such as a buyer, seller, marketplace, service provider, tax authority, or lender.…
Multilateral Clearing
Multilateral clearing validates, matches, and calculates obligations across more than two participants in a clearing arrangement. It can determine each participant's gross…
Multilateral Net Settlement
Multilateral net settlement discharges the net debit or credit position of each participant after offsetting eligible obligations across all participants in the…
Multilateral Payment Netting
Multilateral payment netting offsets obligations among three or more participants so that each participant settles a single net debit or receives a…
Near-Instant Settlement
Near-instant settlement completes or makes settlement value available within seconds or minutes rather than immediately or in a later batch. The term…