payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are...
12 KB (1,620 words) - 23:27, 6 September 2024
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner (the cardholder) to...
25 KB (3,184 words) - 21:51, 17 April 2024
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments...
12 KB (1,459 words) - 05:43, 12 July 2024
Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under...
46 KB (4,606 words) - 11:28, 30 August 2024
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices...
72 KB (5,369 words) - 19:21, 10 September 2024
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization...
31 KB (2,806 words) - 19:30, 9 September 2024
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing...
7 KB (823 words) - 06:35, 12 July 2024
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments...
6 KB (618 words) - 14:48, 6 June 2024
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a...
8 KB (1,066 words) - 14:14, 24 July 2024
The Winter Fuel Payment is a state benefit paid once per year in England and Wales to some people old enough to have been born before a specific date...
7 KB (788 words) - 09:32, 11 September 2024
In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference...
82 KB (10,030 words) - 12:03, 29 July 2024
Split payment (also split payment transaction) is the financial term for the act of splitting (dividing) a single and full amount of payment in two or...
4 KB (585 words) - 02:03, 5 May 2024
A QR code payment is a mobile payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic...
17 KB (1,823 words) - 06:07, 3 September 2024
A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and...
20 KB (1,702 words) - 09:25, 5 September 2024
An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the...
2 KB (282 words) - 20:45, 14 February 2024
A stop payment is an order by a customer of a financial institution (bank, savings bank, or credit union) or to a money order issuer to refuse to pay...
1 KB (204 words) - 11:43, 31 July 2024
A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as...
13 KB (1,385 words) - 19:16, 27 August 2024
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros...
29 KB (2,626 words) - 12:57, 29 August 2024
services in: (POS -- Point of Sale) Payment gateway Payments as a service Ripple (payment protocol) "FAQ". Braintree Payments. Retrieved 2019-07-27. "Ecommerce...
12 KB (78 words) - 12:00, 7 July 2024
A facilitating payment, facilitation payment, or grease payment is a payment to government employees to speed up an administrative process whose outcome...
8 KB (974 words) - 13:55, 23 August 2024
balloon payment mortgage is a mortgage that does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is...
7 KB (915 words) - 12:58, 18 August 2023
Proof-of-payment (POP) or proof-of-fare (POF) is an honor-based fare collection system used on many public transportation systems. Instead of checking...
6 KB (757 words) - 10:41, 11 August 2024
A payment bond is a surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid. They are...
888 bytes (67 words) - 23:35, 5 October 2023
Down payment (also called a deposit in British English), is an initial up-front partial payment for the purchase of expensive items/services such as a...
4 KB (630 words) - 20:57, 15 April 2023
Partial payment refers to the offering of a payment by check for less than the full amount claimed by the creditor. Such an offer for debt discharge by...
862 bytes (134 words) - 21:36, 9 May 2024
Payment in kind may refer to: Barter, exchange of goods or services for other goods or services Payment in kind loan, a type of loan which typically does...
310 bytes (81 words) - 05:58, 24 September 2020
In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth...
14 KB (1,540 words) - 11:08, 23 July 2024
Delivery versus payment or DvP is a common form of settlement for securities. The process involves the simultaneous delivery of all documents necessary...
4 KB (563 words) - 17:48, 18 January 2024
The Faster Payments Service (FPS) is a United Kingdom banking initiative to reduce payment times between different banks' customer accounts to typically...
17 KB (1,784 words) - 20:08, 12 September 2024
Cold weather payments are paid by the United Kingdom government to recipients of certain state benefits in the event of particularly cold weather in the...
2 KB (161 words) - 23:39, 23 December 2022