Glossary Terms Starting with I

Invoice Settlement Asset

Invoice settlement asset is the currency or digital asset in which the merchant receives or records the settled value of an invoice…

Invoice Settlement Network

Invoice settlement network is the blockchain or payment rail used to deliver the settlement asset or settled value to the merchant. It…

Invoice Settlement Time

Invoice settlement time is the elapsed time between defined invoice-payment and settlement events. It may be measured from invoice creation, transaction detection,…

Invoice Status

Invoice Status is a controlled state describing where an invoice is in its lifecycle. In accounts receivable and invoice operations, it commonly…

Invoice Status Callback

Invoice status callback is the authenticated webhook message sent to a merchant when the state of an invoice or associated payment changes.…

Invoice Success URL

Invoice success URL is the merchant-controlled destination to which the payer's browser is redirected after the hosted checkout reports a successful payment…

Invoice Token

An invoice token is a blockchain-based representation of an invoice, receivable, or contractual right to payment. Depending on the design, it may…

Invoice Token Contract

Invoice token contract is the blockchain contract address that uniquely identifies the token accepted for an invoice on a specific smart-contract network.…

Invoice Total Amount

Invoice Total Amount is the final monetary amount stated as payable on an invoice after the defined line items, discounts, tax, shipping,…

Invoice Tracking

Invoice tracking is the monitoring of an invoice from creation and delivery through viewing, due status, payment attempts, settlement, reminders, disputes, credits,…

Invoice Underpayment

Invoice underpayment occurs when the value received and accepted for an invoice is below the amount due. It can result from customer…

Invoice URL

Invoice URL is the web address used to view or pay a specific invoice. It can be a merchant-hosted route, provider-hosted page,…

Invoice Webhook

Invoice Webhook is an asynchronous HTTP notification sent when an invoice-related payment record is created or changes status. It is an event…

Invoice-Backed Payment Link

An invoice-backed payment link is a shareable checkout URL whose payment amount, references, state, and reconciliation are tied to a specific invoice…

Irreversibility

Irreversibility is the condition in which a completed blockchain transfer cannot be canceled or restored through the payment network in the way…

ISO 20022 Payment File

An ISO 20022 payment file contains one or more messages built from an ISO 20022 message definition and an applicable market or…