Payments

  • cap (limit)

    A cap is a rule that restricts how large a participant’s permitted activity or outstanding position may become in a payment or settlement arrangement. It may …

  • capital account (in a b.o.p. context)

    The capital account tracks cross-border changes arising from one-time transfers that affect wealth, such as debt forgiveness or investment grants, together with purchases and sales of …

  • card issuer

    A card issuer is the organization responsible for providing a customer with a payment card and overseeing the account linked to it. When the card is …

  • card with a cash function

    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, …

  • cardholder

    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 …

  • cash placement

    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 …

  • cash settlement agent

    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 …

  • cash-in-shop

    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 …

  • cashback (cash advance at POS terminal)

    POS cash-back is a retail payment feature that lets a shopper obtain physical currency during checkout. The payment instrument is charged for both the merchandise and …

  • central bank money

    Central bank money is the payment instrument created by a monetary authority and accepted as final settlement within the financial system. It includes cash in circulation …