ACH transfers
An ACH transfer is a specific category of electronic funds transfer. There are two types: ACH debit and ACH credit.
Learn MoreACH
BANKING
Account number
A bank account number is a string of numerals (and sometimes letters) that’s designed to identify an individual bank account and its owner.
Learn MoreInternational bank account number (IBAN)
An international bank account number (IBAN) identifies an international or overseas bank account according to a standardized international numbering system.
Learn MoreRouting number
A routing number is a nine-digit sequence of numbers that’s used to identify and send funds to specific banking institutions in the U.S.
Learn MoreWire transfer
A wire transfer is a direct transfer of funds completed electronically, managed through one bank or financial institution and sent to a desired recipient.
Learn MorePAYMENTS
Accounting software
Accounting software is any computer program designed to assist accountants, bookkeepers, and business owners in their efforts to record financial transactions.
Learn MoreAccounts payable
Accounts payable is an account that includes all of a company’s debt obligations to creditors and suppliers in the short-term.
Learn MoreAccounts receivable
Accounts receivable refers to money that is due to a business or organization in exchange for products or services that have been delivered but which the receiving customer has not yet paid for yet.
Learn MoreeCheck
An electronic check is a means of making payments online through the internet or other network, designed to perform the same functions as a paper check.
Learn MoreEFT payment
An electronic funds transfer (EFT) payment is the process of moving money from one account to another, electronically.
Learn MoreElectronic billing
Electronic billing, or e-billing, is the general term for the process and infrastructure associated with paying, processing, and receiving payments online.
Learn MoreInvoice
An invoice is a document sent from a business to a customer or client requesting payment after a good or service has been delivered.
Learn MoreInvoice matching (2 way)
2-way invoice matching is an automated process that checks for discrepancies between purchase orders and invoices before invoices are approved and paid.
Learn MoreNet 30
Net 30 is a term used on invoices to describe the deadline for payment of an invoice— in this case, 30 calendar days.
Learn MoreOnline bill pay
Online bill pay is a service offered by a range of financial institutions and businesses for paying bills online.
Learn MorePayment automation
Payment automation is any tool a business uses in order to automate their process of paying vendors.
Learn MorePayment management software
Payment management software is any software designed to support a business in the process of payment management.
Learn MorePayroll
Payroll describes the entirety of a company’s processes, reporting, and standards for paying their employees and withholding proper payroll taxes.
Learn MorePayroll management
Payroll management is the process by which a business manages its payroll— the employees, salaries, hourly wages, payments, and taxes relating to payroll.
Learn MorePositive pay
Positive pay is a system for detecting check fraud that compares checks presented at a bank to a list of approved checks provided by the issuer.
Learn MorePro forma invoice
A pro forma invoice is a bill of sale (a document detailing a transaction) sent from a seller to a buyer before a shipment or delivery of goods arrives.
Learn MorePurchase order
A purchase order (PO) is an official document that is sent from a buyer to a seller, documenting the agreement for the sale of specific products and/or services.
Learn MoreVirtual card
A virtual credit card (also known as a virtual card) is a temporary digital card number that is used for online transactions.
Learn More