payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are...

A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments...

Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under...

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...

Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices...

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing...

National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization...

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...

An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a...

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...

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...

In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth...

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...

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...

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...

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...

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...

Delivery versus payment or DvP is a common form of settlement for securities. The process involves the simultaneous delivery of all documents necessary...

services in: (POS -- Point of Sale) Payment gateway Payments as a service Ripple (payment protocol) "FAQ". Braintree Payments. Retrieved 2019-07-27. "Ecommerce...

A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various...

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...

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...

The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros...

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...

Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate...

The payment schedule defines the dates at which payments are made by one party to another on for example an invoice. It can be either customised or parameterised...

The UK Payments Administration Ltd (UKPA) is a United Kingdom service company that provides people, facilities and expertise to the UK payments industry...

Wero is a European mobile payment system intended to replace Giropay in Germany, Paylib in France and to complement Payconiq in Belgium. The service was...

The National Payment Card System (NSPK) is an operational and payment clearing house for processing bank card transactions within Russia and the operator...

In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or...