Payment Business Continuity
Payment Business Continuity is the organizational and technical ability to sustain prioritized payment services during disruption and restore normal operations within approved…
Glossary terms starting with P
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Payment Callback
A payment callback is a server-to-server notification sent to a configured endpoint when a payment’s status or related information changes. Payment Callback…
Payment Callback URL
A payment callback URL is the merchant-controlled HTTPS endpoint where a payment provider sends asynchronous transaction status notifications. Payment Callback URL must…
Payment Capability
Payment Capability is a defined business or technical outcome that a payment platform can reliably provide. A capability may describe accepting a…
Payment Capability Map
Payment Capability Map is a structured view of the payment capabilities an organization needs and how those capabilities relate to products, teams,…
Payment Card Industry Data Security Standard (PCI DSS)
PCI DSS is a global payment-industry standard defining baseline technical and operational requirements for protecting payment account data. The Payment Card Industry…
Payment Cascading
Payment Cascading is the sequential submission of a payment attempt to multiple configured routes, processors, or acquiring relationships until one produces an…
Payment Channel
A payment channel is the customer-facing or technical route through which a payment is initiated and communicated. Examples include point of sale,…
Payment Clearing Exception
Payment Clearing Exception is a payment item, message, file, participant record, or calculated position that cannot proceed through the normal clearing path…
Payment Clearing Failure
Payment Clearing Failure is a condition in which the clearing process does not produce a valid, timely, or usable clearing result for…
Payment Clearing Message
Payment Clearing Message is a structured electronic communication used to submit, acknowledge, reject, amend, report, or otherwise support payment clearing. Messages may…
Payment Clearing Obligation
Payment Clearing Obligation is a financial duty produced or recognized through clearing that a participant must discharge in settlement. The obligation specifies…
Payment Clearing Participant
Payment Clearing Participant is an entity that sends, receives, processes, or settles payment items within a clearing arrangement under defined participation rules.…
Payment Clearing Position
Payment Clearing Position is the gross or net amount calculated for a clearing participant over a defined set of payment items and…
Payment Clearing Window
Payment Clearing Window is the defined time interval during which payment items or messages are accepted for inclusion in a particular clearing…
Payment Coin
A payment coin is a cryptocurrency primarily used or marketed for transferring value, settling purchases, tipping, remittances, or merchant payments. It can…
Payment Collection
Payment collection is the process of requesting, receiving, attributing, and recording funds owed by customers or counterparties. It includes invoicing, payment methods,…
Payment Command
Payment Command is an explicit request for a payment system to perform an action that may change state or create financial effects.…
Payment Completion
Payment completion is the point at which a payment meets the defined business conditions for its intended outcome. Those conditions may require…
Payment Completion Rate
Payment Completion Rate is the percentage of eligible payment attempts that reach the organization’s defined completed state during a stated measurement period.…
Payment Compliance
Payment compliance is adherence to the legal, regulatory, network, contractual, tax, privacy, and security obligations governing payment activity. Payment compliance depends on…
Payment Confidence
Payment confidence is an assessment of how strongly available evidence supports treating a payment as genuine, correctly attributed, and sufficiently complete. It…
Payment Confirmation Delay
Payment confirmation delay is the elapsed time between payment initiation or detection and the point at which the required confirmation threshold is…
Payment Confirmation Email
A payment confirmation email is a message sent after a payment reaches a defined accepted state. It can summarize merchant, order or…