Payment Retry Logic
Payment retry logic is the policy and software that decide whether, when, and how a failed or uncertain payment operation should be…
Glossary terms starting with P
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Payment Retry Success Rate
Payment Retry Success Rate is the percentage of eligible retried payment operations that eventually complete successfully under the defined retry policy and…
Payment Return
Payment Return means a payment sent back or otherwise returned toward the originator because it cannot be applied, is rejected under scheme…
Payment Reversal
A payment reversal cancels or offsets a prior payment-related authorization, posting, or transfer according to the rules of the payment rail. It…
Payment Review
Payment review is a manual or automated examination of a payment to decide whether it should proceed, remain held, be rejected, or…
Payment Risk
Payment risk is the combined possibility of financial, fraud, compliance, security, settlement, liquidity, operational, and customer harm across a payment lifecycle. A…
Payment Route
Payment Route means the actual sequence of internal services, providers, accounts, networks, rails, and settlement paths used to process a particular payment.…
Payment Route Candidate
Payment Route Candidate describes an eligible payment path considered by the routing system before one route is selected for execution. Operationally, a…
Payment Route Plan
Payment Route Plan is a versioned routing strategy that defines eligible route candidates, decision priorities, fallback order, constraints, and actions for uncertain…
Payment Router
A payment router is the component that sends a payment request to a selected provider, processor, acquirer, bank, wallet, network, or internal…
Payment Routing
Payment routing is the process of selecting and using an eligible path for a payment based on method, currency, geography, cost, availability,…
Payment Routing Engine
A payment routing engine is software that evaluates payment context and configured rules or models to choose an execution route. It can…
Payment Routing Layer
Payment Routing Layer means the architectural layer that evaluates payment context and directs each eligible transaction to an appropriate provider, rail, account,…
Payment Routing Optimization
Payment routing optimization improves route selection against defined objectives such as acceptance, completion, latency, cost, availability, settlement quality, or risk. It uses…
Payment Runbook
Payment Runbook describes a maintained operational procedure that tells responders how to diagnose, contain, recover, verify, and communicate a defined payment incident…
Payment Sandbox
Payment Sandbox is a controlled test mode or environment that simulates payment creation and status changes without moving real customer funds. It…
Payment Scalability
Payment scalability is the ability of a payment system to handle growth in transactions, value, users, methods, providers, events, and regions without…
Payment Scheduling
Payment scheduling arranges a payment or payout instruction for execution at a future time or according to a recurring rule. It must…
Payment Scheme
A payment scheme is the governed arrangement of rules, standards, procedures, participants, and infrastructure that enables a class of payments. The scheme…
Payment SDK
A payment SDK provides language-specific methods, models, authentication, and utilities that simplify integrating payment creation, status, callbacks, refunds, or payouts. Payment SDK…
Payment Security
Payment security protects payment identities, credentials, instructions, data, systems, funds, and settlement processes from theft, manipulation, fraud, and disruption. Payment security covers…
Payment Service Architecture
Payment Service Architecture is the technical and operational design of a bounded payment service, including its responsibilities, interfaces, state, dependencies, deployment model,…
Payment Service Availability
Payment Service Availability means the proportion of a defined time or eligible request population in which a payment service can perform its…
Payment Service Boundary
Payment Service Boundary describes the explicit limit of responsibility and authority for a payment service, including the operations it owns, data it…