Banking and Transfers
Account-to-Account Payment
Account-to-account (A2A) payment moves money directly between bank accounts without card networks.
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Banking and Transfers Terms
ACH, wires, SEPA, open banking, push-payment fraud, and account-to-account payments.
Educational information only. ShouldEye does not provide legal, banking, or individualized financial advice. Dispute rights, deadlines, and outcomes depend on your payment method, card network, issuer, processor, jurisdiction, and the facts of your case. Legal Disclaimers
26 published definitions in this topic.
Banking and Transfers
Alternative Payment Method
An alternative payment method (APM) is any popular checkout method outside classic international card brands.
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Bank Transfer Dispute
A bank transfer dispute is a challenge to a push or pull bank payment; it is not automatically chargeback-eligible under card-network rules.
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Buy Now Pay Later
Buy now, pay later (BNPL) lets consumers purchase immediately and repay in scheduled installments.
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Cash Voucher Payment
Cash voucher payment lets consumers pay ecommerce orders by paying cash at a partner location for a voucher/code.
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Contactless Payment
Contactless payment completes a transaction by tapping a card or device on an NFC terminal.
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Credit Transfer
A credit transfer is a push bank payment sending funds from payer to payee.
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Digital Wallet
A digital wallet stores payment credentials or balances for online and in-app payments.
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Direct Debit
Direct debit is a pull payment where a biller collects from a bank account under a mandate.
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Direct Debit Dispute
A direct debit dispute challenges an authorized or claimed bank pull under scheme or bank mandate rules, separate from card chargebacks.
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Direct Debit Mandate
A direct debit mandate is the consumer authorization allowing a biller to pull funds from an account.
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Dynamic Currency Conversion
Dynamic currency conversion (DCC) lets cardholders pay in their home currency at a foreign merchant, at a offered conversion rate.
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Installment Payment
An installment payment splits a purchase into scheduled partial payments over time.
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Instant Payment
An instant payment credits the recipient in seconds on a 24/7 capable bank rail.
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Local Currency Presentment
Local currency presentment charges the cardholder in the merchant’s or market’s local currency rather than forcing a foreign currency.
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Local Payment Method
A local payment method is a country-specific rail consumers expect in that market (for example iDEAL or BLIK).
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Mobile Wallet
A mobile wallet is a digital wallet used primarily via smartphone apps or device secure elements.
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Multi-Currency Pricing
Multi-currency pricing displays and charges shoppers in selected currencies while the merchant settles in chosen settlement currencies.
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NFC Payment
NFC payment uses near-field communication radio to exchange payment data over a short tap distance.
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Open Banking Payment
An open banking payment is initiated by a licensed provider with consumer consent via bank APIs.
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Pay by Bank
Pay by bank is checkout language for paying via authenticated bank transfer instead of cards.
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PIN-less Debit
PIN-less debit processes a debit card payment without requiring a PIN entry.
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Pull Payment
A pull payment is initiated by the payee debiting the payer’s account under a mandate or authorization.
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Push Payment
A push payment is initiated by the payer sending funds to a recipient.
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QR Code Payment
QR code payment uses a scanned QR code to initiate or present a payment.
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Real-Time Payment
Real-time payment refers to immediate clearing/posting systems for bank transfers.
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