Payments

Batch processing refers to submitting multiple payment or securities-transfer instructions as one operational set, allowing the relevant system to manage them under a common processing arrangement …

A bilateral net settlement system determines what each participating institution owes or is owed by another institution after offsetting their transactions over a specified period. Only …

A bill of exchange is a negotiable instrument that records an unconditional instruction to make a payment. It can require settlement at once or at a …

In payments, a brand is the market identity under which a provider offers a card or other payment service. It enables users and businesses to recognize …

A BIC is an alphanumeric identifier assigned to a bank or other financial institution for use in payment and messaging activities. SWIFT administers the BIC registration …