Payments glossary
A glossary of terms used in payments and settlement systems
glossary of payment system terminology as a reference document for the standard terms used in connection with payment and settlement systems. It combines ...
Payments glossary - Adyen Docs
Usually, a payment processor obtains the payment information from a payment gateway. Adyen combines the functionality of a payment gateway and payment processor ...
Payments Glossary: Payments 101 & Terminology - Marqeta
Payment Industry Glossary ; Acquiring Bank. An acquiring bank provides merchant accounts that allow a business to accept card payments and works in conjunction ...
Payments Glossary - FEDERAL RESERVE BANK of NEW YORK
A category of payments system. A system is said to operate in real-time if each payment is processed as it is initiated--which provides immediate finality-- ...
A bank or financial institution that processes credit or debit card payments on behalf of a merchant.
Payments Glossary - CivicPlus Help Center
Card-present transactions take place in person or where the card is physically verified. These payments are typically captured through an EMV / Chip-reader or ...
Glossary of Banking Terms and Phrases - HelpWithMyBank.gov
A percentage rate reflecting the total amount of interest paid on a deposit account based on the interest rate and the frequency of compounding for a 365-day ...
The ultimate glossary of payment terms - Global Payments
As new technology emerges faster than ever, you may find it hard to keep up with the latest in payment innovations. Our glossary is a ...
Glossary: Payment terms - Mastercard Data & Services
A card not present (CnP) transaction is a card payment, either via a digital card, virtual card or simply online, that does not involve the presentation of a ...
Glossary of Payment Terms - Moorwand
We have created a condensed go-to payments glossary of key terms, concepts, and acronyms to help demystify commonly used terminology.
The Payments Glossary – An A to Z for the World of Payments
A · Acceptance. The process by which a merchant allows a payment card to be used by a customer as a means of payment. · Acquirer · Acquirer Reference Number ( ...
Glossary - Fiserv Merchant Services
A financial institution that processes a payment transaction, such as credit or debit card payments, on behalf of a merchant. In the payments value chain, the ...
International Payments Glossary - Nacha
C. Clearing House Interbank Payments System (CHIPS) – is an independent bank-owned payments system for clearing large value payments. CHIPS is a real-time, ...
Payments Glossary - Global Payments Developer Portal
Payments Glossary ; Acquirer, Financial institution (usually a bank but not always) that processes credit or debit card payments for a merchant. The acquirer ...
Acquisitions. Nature of payment. Buyout payments made to covered recipients who have ownership interest in a company that has been acquired. The ...
GLOSSARY OF TERMS RELATED TO PAYMENT, CLEARING AND ...
Batch (bulk payments): a group of orders (payment orders and/or securities transfer orders) to be processed together. Beneficiary: a recipient of funds (payee) ...
Digital payments glossary—fintech and finance terms defined - Plaid
This glossary lists and defines the language, technology, and stakeholders supporting each digital payment rail so you can stay up-to-date on the newest ...
Glossary of key digital financial services terms
Breadcrumb · DFS provider. An FSP that delivers DFS to customers. · Digital currency · Digital financial inclusion · Digital financial literacy (DFL) · Digital ...
The right of or opportunity for an institution to use the services of a particular payment system to exchange, clear and/or settle payments on its own account ...
Need to know what we mean by MID? Not sure where to find your DDA? This article will list definitions for terms used on Payments Insider ...