Payment Event Retry
Payment Event Retry is a repeated attempt to deliver or process a payment event after a previous attempt did not complete successfully.…
Glossary terms starting with P
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Payment Event Schema
Payment Event Schema is the formal contract that defines the structure, field types, required attributes, constraints, and semantic meaning of a payment…
Payment Event Sequence
Payment Event Sequence is an ordinal or version value used to represent the relative progression of payment events within a defined scope.…
Payment Event Stream
Payment Event Stream is a continuously appendable sequence of payment events made available for storage, transport, and consumer processing. A stream may…
Payment Event Subscription
Payment Event Subscription is a defined arrangement through which a consumer receives selected payment events from a topic, stream, broker, or event…
Payment Event Timestamp
Payment Event Timestamp is a recorded time associated with a payment event, such as occurrence time, publication time, ingestion time, or processing…
Payment Event Topic
Payment Event Topic is a named logical channel used to publish and subscribe to a category of payment events. A topic often…
Payment Event Type
Payment Event Type is the semantic classification that states what kind of payment event occurred. Examples may distinguish payment authorized, payment failed,…
Payment Event Validation
Payment Event Validation is the checking of a payment event against required envelope, schema, semantic, security, and business constraints before it is…
Payment Event Version
Payment Event Version is an explicit identifier for the contract or semantic version of a payment event. It allows producers and consumers…
Payment Evidence
Payment evidence is the collection of records that supports what happened to a payment and why. It can include requests, signatures, provider…
Payment Exception
A payment exception is a payment condition that falls outside the normal automated path and requires a defined alternative rule or review.…
Payment Exception Rate
Payment Exception Rate is the percentage of payment records or attempts that leave the normal straight-through path and enter an exception, review,…
Payment Exchange Rate
A payment exchange rate converts the priced amount into the asset or currency the payer must send for a specific transaction. For…
Payment Execution
Payment Execution is the controlled performance of a payment instruction through validation, policy evaluation, routing, external interaction, state recording, and outcome handling.…
Payment Execution Context
Payment Execution Context is the set of immutable or versioned information needed to execute and later explain a specific payment operation. It…
Payment Execution Engine
Payment Execution Engine is the component that coordinates the steps required to perform payment operations according to policy and current execution context.…
Payment Execution Plane
Payment Execution Plane is the logical runtime plane where payment commands are transformed into controlled processing actions and recorded outcomes. It sits…
Payment Export
A payment export is a structured file or data feed containing payment records for accounting, analytics, compliance, support, migration, or reconciliation. It…
Payment Extension
A payment extension adds time to a payment due date, invoice expiry, checkout window, quote, authorization, or other payment deadline. The extension…
Payment Facilitator (PayFac)
Payment Facilitator (PayFac) is a payment intermediary that enables sponsored merchants or submerchants to accept payments under a relationship it maintains with…
Payment Failover
Payment failover redirects payment processing or supporting services to a healthy alternate component, provider, region, node, or route after a failure. It…
Payment Failure
Payment failure is the unsuccessful outcome of a payment at validation, authorization, submission, execution, confirmation, clearing, or settlement. It should identify the…
Payment Failure Rate
Payment Failure Rate is the percentage of eligible payment attempts or operations that end in a defined failure state during a stated…