Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.English-language economic definitions generated from approved international institutional sources.
The cash feature of a bank or payment card permits transactions involving physical currency at an ATM or comparable terminal, such as taking money out and, where supported, putting money in. A card may offer this feature alongside its purchase capability; the two services are conceptually separate and may vary according to the issuer and… read more »
A cardholder is the individual designated to use a payment card under the terms set by the provider. This designation may apply to a physical card or a card made available electronically, and it distinguishes the permitted user from entities such as the issuer, merchant, or payment processor.
A cash dispenser is a customer-operated terminal that provides physical money without requiring assistance from branch staff. It commonly uses a bank card or another secure credential to verify the customer and may offer additional account services alongside cash delivery. The device is also widely known as an automated teller machine (ATM).
Cash placement refers to loading an electronic-payment account with banknotes or coins through a process started by the account holder. It increases the balance available for later electronic transactions and does not describe those transactions themselves.
A cash settlement agent is the bank or other institution through which the monetary side of a payment or securities transaction is completed. It settles amounts owed between system participants, often by making or receiving the relevant account entries, while a separate party may handle trade matching, clearing, custody, or transaction records. Banks and central… read more »
Cash withdrawal refers to receiving notes or coins using funds held with a financial provider, typically through a card, device, or other approved method. The provider subtracts the withdrawn amount from the relevant balance and may apply security checks, transaction limits, or fees.
Cash-in-shop refers to accessing cash services at a retail location, where customers may add or remove cash even when they are not buying goods. The retailer provides this access under an arrangement with a bank or payment-services provider, using its premises as a convenient cash-service point.
A cash-in machine is a bank-operated terminal that credits physical euro notes to a customer’s account after the customer has been authenticated. It is designed solely for receiving deposits and cannot dispense cash, providing a self-service alternative to branch-counter deposits.
Cash-in-transit (CIT) companies provide secure handling and movement of currency and valuables as part of the cash-supply system. They may collect funds from retailers, replenish ATMs, deliver cash to financial institutions, and transfer currency to or from processing facilities. Their role is operational and logistical rather than that of a bank or other financial intermediary.
Under this basis, an entry is posted only once funds or other contractual consideration have actually changed hands. Authorising, arranging, or initiating the transaction does not by itself determine the reporting period.