Our explainer pages make a wide range of terms, phrases, and concepts easily understandable.
- $ Sign
- 11 Incoterms
- 183 Days Tax Rule
- 24/5
- 24/7
- 24/7/365
- 3rd Party Payments
- 51% Attack
- ABA Number
- Account Fund Transaction (AFT)
- Account Funding Transaction (AFT)
- Account Information Service (AIS)
- Account to Account (A2A) Payment
- ACH Pull
- ACH Push
- Active, Inactive & Deleted User
- Address Verification Service (AVS)
- Advances-to-Deposit Ratio (ADR)
- Agent of the Payee (ATOP)
- Airdrop
- All The Money
- All Time High (ATH)
- Altcoins
- American Bankers Association (ABA) Number
- Anti-Bribery & Corruption (ABC)
- Anti-Money Laundering (AML)
- Anticipated Transaction Visibility (ATV)
- Applying for a Banking License in the US
- Assets Under Management (AUM)
- Atomic
- Atomic Payments
- Atomic Swaps
- Authorization & Settlement
- Authorized Delegate
- Authorized Push Payment (APP) Fraud/Scam
- Automated Clearing House (ACH)
- Automated Market Makers (AMMs)
- Automated Teller Machine (ATM)
- Automatic Bill Payment
- Background Check
- Bank Identification Number (BIN)
- Bank Identifier Code (BIC)
- Bank Profile Summary
- Bank Run (Run on a Bank)
- Bank Secrecy Act (BSA)
- Bank-Owned For Benefit Of (FBO) Account
- Banking
- Banking-as-a-Service (BaaS)
- Banking, Financial Services, and Insurance (BFSI)
- Banking, Financial Services, and Insurance (BFSI)
- Banknotes
- Barter
- Basel III
- Bearer Instrument
- Becoming an agent for a bank in the US
- Beneficial Ownership Information
- BEP20 Token
- Beyond the Price Tag: Crafting a Sustainable Strategy for Cross-Border Money Transfer Success
- Biller Service Provider (BSP)
- Billing Aggregator
- BIN Sponsor
- Binance Smart Chain (BSC)
- Bitcoin
- Bitcoin ATM (BTM)
- Bitcoin Maximalist
- Black Swan Event
- Blacklist Countries
- Bonds
- Book to Book Settlement
- BRICS
- Bulk (Batch) Payments
- Bureau De Change (BDC)
- BUSD
- Business Email Compromise (BEC) Scam
- Business Plan
- Buy Now Pay Later (BNPL)
- Byzantine Fault Tolerance (BFT)
- Byzantine Generals’ Problem
- Can a federally chartered bank open a branch in any state?
- Can a state-chartered bank operate in another state in which it is not licensed?
- Can we use our own KYC vendor to build our app using BaaS or RaaS?
- Cannabis-Related Business (CRB)
- Capital Allocation
- Car Title Loans
- Card Issuer
- Card Networks
- Card Not Present (CNP)
- Card Present (CP)
- Card Schemes
- Card Verification Value (CVV)
- Cash
- Cash Management
- Cash Over Counter (COC)
- Cash Pool
- CBFT – Cross Border Funds Transfer
- Cease & Desist Notice from Financial Regulator
- CeFi – Centralized Finance
- Central Bank Digital Currency (CBDC)
- Central Banks
- Centralized vs. Decentralized
- Certificates of Deposit (CDs)
- Challenges using Cryptocurrency for Payments
- Charge Card
- Chargeback
- Check or Cheque?
- Checking Account
- Clearing Account
- Client Money Account
- Client-Owned For Benefit Of (FBO) Account
- Closed-Loop
- CNH
- CNY
- Coins
- Collection Account
- Collection On Behalf Of (COBO)
- Commingled Funds
- Common EU list of third-country jurisdictions for tax purposes
- Common Reporting Standard (CRS)
- Community Bank
- Compliance Officer
- Compliance Policies & Procedures
- Compliance Program
- Consensus
- Consent Order
- Considerations for a marketplace operator
- Considerations for a payments aggregator
- Consumer Financial Protection Bureau (CFPB)
- Consumer Price Index (CPI)
- Continuous Linked Settlement (CLS)
- Core Banking
- Corporate Transparency Act (CTA)
- Correspondent Banking Relationship (CBR)
- Cost of Living Adjustment (COLA)
- Credit
- Credit Bureau
- Credit Card
- Credit Fund Transfer (CFT)
- Credit Score
- Credit Union
- Cross-border Payment Settlement using Cryptocurrency
- Cross-Border Payments
- Cross-Chain Protocol
- Crypto as a Service (CaaS)
- Crypto Bridge
- Crypto Mixer (or Crypto Tumbler)
- Crypto On-Ramp/Off-Ramp
- Cryptocurrency
- Cryptocurrency as a Service (CaaS)
- Cryptocurrency Exchanges
- Cryptodollar
- Currency
- Currency Basket
- Currency Debasement
- Currency Devaluation
- Currency Exchange
- Currency Fluctuations
- Currency Peg
- Currency Swaps
- Currency Transaction Report (CTR)
- Current Account
- Current Account Deficit
- Custodial Account
- Custodial vs. Non-Custodial
- Custodial Wallet
- Customer Acquisition Cost (CAC)
- Customer Due Diligence (CDD)
- Customer Identification Program (CIP)
- Customer Journey
- Customer Verification Levels and Financial Transaction Limits Guidelines
- Dark Pools
- Dashboards
- Debit
- Debit Card
- Decentralized Applications (DApps)
- Decentralized Autonomous Organization (DAO)
- Decentralized Exchange (DEX)
- Decentralized Finance (DeFi)
- Decentralized Payments Platform
- Deep Liquidity
- DeFi – Decentralized Finance
- Deficit
- Delegated Proof of Stake (DPoS)
- Delivery Partner
- Demand Deposit Account (DDA)
- Depegging (or Depeg)
- Destination Corridor
- Difference between a state-chartered bank and a federally chartered bank in the USA?
- Difference between Debit and Credit Interchange
- Difference between MSB, Authorized Agent, White-Label, and PSP.
- Digital Bank
- Digital Currency
- Digital Dollars
- Direct Deposit
- Disbursement Account
- Distributed Ledger Technology (DLT)
- Dodd-Frank Act
- Dodd-Frank Remittance Rule
- Dollarization
- Double Accounting
- Double Taxation
- Double Taxation Treaties (DTT)
- Double-Spend Problem
- Draw Down
- Due Diligence (DD)
- Durbin Amendment
- Earned Wage Access (EWA)
- EBITDA
- Economic Tremors
- Economies of Scale
- EEA (European Economic Area) Countries
- Elastic Credit Line
- Electronic Bill Presentment and Payment (EBPP)
- Electronic Money
- Electronic Money Institution (EMI)
- Eligible Contract Participant (ECP)
- Employer Identification Number (EIN)
- End-to-End Payments Settlement
- Endogenous Reserve
- Enforcement Action
- Enhanced Due Diligence (EDD)
- Escrow in Banking & Payments
- Escrow-based Pre-Funding
- Ethereum Blockchain
- Ethereum Request for Comment 20 (ERC20) Token
- Ethereum Virtual Machine (EVM)
- Ethereum-compatible Blockchains
- Eurodollar
- Every Payment is a Contract
- Exchange Rate
- Exempted Cards
- Exogenous Reserve
- Exotic Currency
- Explain labor arbitrage in simple terms
- Faster Payments (UK)
- FATF Greylist
- FATF Guidelines
- FATF Travel Rule
- Federal Deposit Insurance Corporation (FDIC)
- Federal Open Market Committee (FOMC)
- Federal Reserve System
- Federally Chartered Banks
- Federated Byzantine Agreement (FBA)
- Federated Identity Management
- FedNow
- Fiat Currency
- Fiat on-Chain
- Fiat On-Ramp / Fiat Off-Ramp
- Financial Action Task Force (FATF)
- Financial Conduct Authority (FCA)
- Financial Crime (Diagram)
- Financial Crime Diagram
- Financial Crimes
- Financial Crimes Enforcement Network (FinCEN)
- Financial Inclusion
- Financial Institution (FI)
- Financial Instrument
- Financial Intermediary
- Financial Planning
- Financial Regulator
- Financial Regulatory Frameworks
- Financial Routing
- Financial Services
- Financial Services Compensation Scheme (FSCS)
- Financial Stability
- Financial Surveillance
- FinCEN Registration
- Fintech (Financial Technology)
- First Time Deposit (FTD)
- Fixed vs Variable Charge
- Flow of Funds (FoF)
- Flow of Funds for US-Based MSBs
- For Benefit Of (FBO)
- For Further Credit (FFC)
- Formulas for Automated Market Makers (AMMs)
- Fragmented World of Payments
- Fraud
- Full-Time Employee (FTE)
- Fully Diluted Valuation (FDV)
- Fully Disclosed Model
- Funds Flow
- Gaming Payment Licenses
- Gaming Payments
- Gas Fee
- General Data Protection Regulation (GDPR)
- General Purpose Reloadable (GPR) Card
- Georgia Cryptocurrency License
- Gig Economy
- Global Dollar Transfer Process
- Global Systemically Important Banks (G-SIBs): Why They Matter
- Goldilocks Condition: Understanding it in Science and Payment
- Goods & Services
- Government Borrowing
- Government Spending
- Greenfield Project
- Grey List
- Hedge Fund
- Herstatt Risk
- High Net Worth Individuals (HNWIs)
- HODL
- Home Remittances
- How do Foreign Exchange transactions work?
- How do you get a Forex trading license in the UK, and what does it involve?
- How does Correspondent Banking work?
- How does one define a hedge fund in detail?
- How does one structure an ETF (exchange-traded fund)?
- How is an Exchange-Traded Fund (ETF) and its NAV calculated?
- How is One Currency Pegged to Another and How Does it Work?
- How many Layers are in a Blockchain?
- How to do Money Transfer?
- HS Code
- Hyper-Inflation
- IBAN Checker
- IBAN Lookup
- Ideal Customer Profile (ICP)
- Identity Verification (IDV)
- ILP – Inter Ledger Protocol
- Immutable Transaction
- Impermanent Loss
- In economics, what is a Pegged Currency?
- In payments, what is a merchant of record and what does it mean?
- Incoterms
- Independent Contractor
- Independent Sales Organization (ISO)
- Indian Call Center Scam
- Indian Call Center Scam (ICCS)
- Individual Taxpayer Identification Number (ITIN)
- Initial Coin Offering (ICO)
- Instant Cross Border Payment
- Instant Payment Notification (IPN)
- Institutional Memory
- Interbank Information Network (IIN)
- Interchange and how it works
- Intermediary
- International Bank Account Number (IBAN)
- International Finance
- International Financial Entities (IFEs)
- International Monetary Fund (IMF)
- International Money Transfer Operator (IMTO)
- International Trade
- Internet of Things (IoT)
- Internet of Value
- Interoperability in Payments
- Interoperable vs. Non-Interoperable
- IRS Title 31 Audit
- Is a money transmitter license required for the operation of closed-loop cards in the United States?
- Is prefunding considered trapped capital?
- Is there a global standard for a compliance manual?
- Islamic Banking
- Islamic Finance
- Just-In-Time (JIT) Pre-Funding for Money Transfer Operators
- Just-in-Time Prefunding
- Key Management Personnel (KMP)
- Know Your Business (KYB)
- Know Your Customer (KYC)
- Know Your Customer (KYC) & Anti-Money Laundering (AML)
- Know Your Partner (KYP)
- Know Your Transaction (KYT)
- Know Your Vendor (KYV)
- KYC Amortization
- Latin America and the Caribbean (LAC)
- Law Enforcement Agencies (LEAs)
- Law of Diminishing Returns
- Lean Canvas Template
- Least Cost Routing in Payments
- Ledger
- Legal Entity Identifier (LEI)
- Legal Entity Identifier (LEI)
- Legal Entity Questionnaire (LEQ)
- Legal Tender
- Lender of the Last Resort (LLR)
- Letter of Intent (LOI)
- Letter of Sponsorship
- LIBOR
- Licensable Activity
- Lien
- Light KYB
- Light KYC
- Lightning Network
- Liquidity
- Liquidity & Payout Partner
- Liquidity Management
- Liquidity Pool
- Liquidity Provider
- List of Central Banks of the World
- List of Regulators Around the World
- List of Stable Coins Issued
- Liveliness Check
- Liveliness Test
- Loss / Losses
- Low and Middle-Income Countries (LMICs)
- Mainnet
- Maker-Checker
- Management & Shareholder Verification
- Market capitalization (market cap)
- Market Maker
- Master Account
- Master Services Agreement (MSA)
- MasterCard Interchange Rates Table
- MasterCard Remote Payment and Presentment Service (RPPS)
- Mastercard Send
- Medium of Exchange
- Member Service Provider (MSP)
- Meme Coins
- Memorandum of Understanding (MOU)
- Merchant Discount Rate (MDR)
- MetaTrader
- Micro Investing
- Micro, Small and Medium Enterprises (MSMEs)
- Microtransactions
- Microtransactions (on the Lightning Network)
- Middleware
- Migrant Workers
- Minded to Authorise
- Minimum Order Quantity (MOQ)
- Minimum Order Quantity (MOQ): Cards
- Monetary Peg
- Monetary Policy
- Money
- Money in Transit
- Money Laundering
- Money Laundering Reporting Officer (MLRO)
- Money Services Business (MSB)
- Money Services Business License
- Money Supply
- Money Transfer
- Money Transfer License for all the Countries
- Money Transfer Operator (MTO)
- Money Transmitter
- Monthly Recurring Cost (MRC)
- Monthly Recurring Revenue (MRR)
- Monthly Transaction Revenue (MTR)
- MOU vs LOI
- Multi-Sig Wallet
- Multinational Corporation (MNC)
- National Automated Clearing House Association (NACHA)
- Negative Interest Rates
- Net Open Position (NOP)
- Net Worth
- NMLS: National Multistate Licensing System
- No Action Letter
- Non-Custodial Wallet
- Non-Custodial Wallet (Self Custody)
- Non-Fungible Tokens (NFT)
- Non-Recurring Cost (NRC)
- Non-Sufficient Funds (NSF)
- Not Your Keys, Not Your Coins
- NY BitLicense
- OFAC Sanctions
- Off-us Transactions
- Office of Foreign Assets Control (OFAC)
- Offshore Financial Centers (OFCs)
- Omnibus Account
- On-Core
- On-us Transactions
- Onboarding Agreement (OBA)
- One-Time Password (OTP)
- Open Banking
- Open-Loop
- Open-Market Rate
- Order Book
- Organisation for Economic Co-operation and Development (OECD)
- Original Credit Transaction (OCT)
- Originating Depository Financial Institution (ODFI)
- Origins of Fiat Money
- OTP Token
- Over-the-Counter (OTC)
- Paper Money
- Parallel Market Rate
- Partner Scope Questionnaire (PSQ)
- Passive Income
- Pay As You Go (PAYG)
- Payable Through Accounts (PTA)
- Payee
- Payer
- Payment Initiation Service (PIS)
- Payment On Behalf Of (POBO)
- Payment Rails
- Payment Scheme
- Payment Service Provider (PSP)
- Payment Service User (PSU)
- Payments-as-a-Service (PaaS)
- Payout Partner (PP)
- Payout Partner Options
- Peer-to-Peer (P2P)
- Peg
- Permissible Investments
- Person-to-Person (P2P)
- Personal Identifiable Information (PII)
- Personal Identification Number (PIN)
- Pig Butchering Romance Scam
- PIN-Less
- Platform as a Service (PaaS)
- Point of Presence (POP)
- Poor Credit Score
- Practical Byzantine Fault Tolerance (PBFT)
- Predatory Lending
- Prefunding
- Primary Account Number (PAN)
- Principal License Holder (PLH)
- Privacy Coin
- Privacy-Enhancing Technologies (PET)
- Private Equity
- Private Key
- Product Market Fit
- Program Manager
- Program Manager: What do they do?
- Program Operator
- Proof of Stake (PoS)
- Proof of Work (PoW)
- Prospect Matching
- Public Blockchain
- Public Key
- Public Ledger
- Purchasing Power
- Purchasing Power Parity (PPP)
- Push vs Pull Payments
- Qualification Criteria
- Quantitative Easing (QE)
- Ransomware
- Real Effective Exchange Rate (REER)
- Real World Assets (RWA)
- Real-Time Gross Settlement (RTGS)
- Real-time Payment Systems
- Real-time replenishment (RTR)
- Receiving Depository Financial Institution (RDFI)
- Record of Truth
- Refer to Drawer
- Regulated Cards
- Regulation E
- Regulatory Stack
- Remittance Service Provider
- Remittance Transfer Rule: 30 Minutes Rule
- Remote Bill Presentment and Payment (RBPP)
- Renminbi
- Respondent Bank
- Reversal
- Reverse Bill Aggregation
- Risk Reduction
- Role-Based Access Control (RBAC)
- RSP
- Rug Pull
- Sandbox
- Satoshi Nakamoto
- Satoshis
- Savings Account
- Screening
- Seamless Payments (Using a Super API)
- Seasonal Workers
- Secure Credit Program
- Security Token Offerings (STOs)
- Seed Phrase
- Segregation of Funds
- Seigniorage
- Service Level Agreement (SLA)
- Settlement Risk
- SHA256
- Shell Company
- Shill or Shilling
- Should we hire a compliance officer?
- Sidechains
- Simplified Due Diligence (SDD)
- Simplifying the Treasury’s Final Rule on MSB Registration
- Slippage
- Slippage
- Smart Contract
- Solution Provider
- Somalia via Turkey
- Sovereign Guarantee
- Special Drawing Rights (SDR)
- Specially Designated Nationals (SDN)
- Sponsoring a License
- Stablecoin
- Stablecoins for Settlements
- Stablecoins in Money Transfer
- Staking
- Standard of Deferred Payment
- Standard of Deferred Payment
- Startup MVP License
- State Chartered Bank
- Store of Value
- Stored Value
- Sub-Prime Mortgages
- Substantial Presence Test
- Sunrise Period
- Sunset Period
- Super Billers
- Supply & Demand
- Surety Bond
- Surety Bond for Money Transmitter License
- Suspicious Activity Report (SAR)
- Sweep Account
- Synthetic Dollar
- Tax Information Number (TIN)
- Tax Residency
- Taxes
- Term Sheet
- Territorial Rates
- Terrorist Financing (TF)
- The Compound Annual Growth Rate (CAGR)
- The Subversive Role of Shell Companies in Money Laundering
- To the Moon
- Tokenization
- Tokenomics
- Top-Up
- Total Payment Volume (TPV)
- Total Value Locked (TVL)
- Transaction Fee
- Trapped Capital
- Travel Rule
- Treasury
- Treasury Bills
- Treasury Bills vs Treasury Bonds
- Treasury Bonds
- Treasury Management
- Trustline
- Ultimate Beneficial Owner (UBO)
- Ultra High Net Worth Individuals (UHNWIs)
- Umbrella Account
- Understanding Credit Funding Transactions (CFT) and Account Funding Transactions (AFT) in the World of Card Payments
- Understanding Dollar Cost Averaging (DCA) in simple terms
- Understanding Money Services Businesses
- Understanding the Timeline of FinCEN Registration for Money Services Businesses
- Unified Payments Interface (UPI)
- Unified Payments Platform
- Unit of Account
- Unlicensable Activity
- Unlicensed Money Transmission
- Unusual Activity Report (UAR)
- US State Financial Regulator issued No Action Letter.
- US-Turkey Corridor and Coverage
- USA PATRIOT Act
- USDC
- USDT (Tether)
- Validators
- VASP
- Velocity of Money
- Verification of Payee (VoP)
- Virtual Asset Service Provider (VASP)
- Virtual Cards
- Virtual Currency
- VISA Direct
- Visa Interchange Rates Table
- Web Monetization
- Web3
- What happens when the government raises the borrowing rate to curb inflation?
- What is an Online vs. Offline Transaction?
- What is Bank of International Settlements and how does it work?
- What is collateralized pre-funding?
- What is considered a nested transaction?
- What is Dollar Cost Averaging?
- What is Europe’s Electronic Money Directive (EMD)?
- What is factoring?
- What is FATF?
- What is Feipiao and how does it work?
- What is Feipiao?
- What is Hawala and How Does it Work?
- What is Hawala Money?
- What is Hawala or Hundi?
- What is Interoperability in payments?
- What is Know Your Transaction (KYT)?
- What is non-collateralized pre-funding?
- What is payment clearing?
- What is Product-Market fit?
- What is Regulation-E in cross border funds transfer?
- What is Regulatory Arbitrage?
- What is Remittance-as-a-Service (RaaS)?
- What is the difference between a Community bank and a Credit Union?
- What is the difference between a hedge fund and a mutual fund?
- What is the difference between a Nostro account and a Vostro account?
- What is the difference between an Authorized Delegate and an Authorized Agent?
- What is the difference between flying cash and paper money?
- What is the difference between Hawala and Hundi?
- What is the difference between stored value and top-up?
- What is trade finance?
- What would be considered a nested transaction for cross border money transfer?
- What would be some red flags for a KYB audit?
- When Should We Hire a Compliance Officer
- Which blockchain can you deploy an exchange-traded fund (or EFT) on?
- White-Label
- Who coined the term Money Transfer-as-a-Service or MTaaS?
- Why does the gas fee in the cryptocurrency world fluctuate while transaction fees in the fiat world remain fixed?
- Why is a Legal Memo Required?
- Why is a nested transaction in the banking world a high risk transaction?
- Why is pre-funding required in the money transfer world?
- World Bank
- XRP Army
- XRP Ledger (XRPL)
- Yield
- Yield Farming
- Yield Inversion
- Yuan
- Zero Interest-Rate Policy (ZIRP)
- Zero-knowledge proof (ZKP)
- ZIRP (Zero Interest-Rate Policy) era
- ZK-Rollups (Zero-Knowledge Rollups)
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This page was last updated on March 20, 2024.
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