ACH
Electronic, bank-to-bank money transfers processed through the Automated Clearing House (ACH) Network. According to Nacha, the association responsible for these transfers, the ACH network is a batch processing system that banks, and other financial institutions use to aggregate these transactions for processing.
ACH Return
An ACH return is a message that lets the ODFI know the ACH Network couldn’t make the deposit or collect funds from the receiver’s account (RDFI). See Payment Disputes for more information.
Account Number
An issuer-assigned number that identifies an account for posting transactions.
Acquirer
A financial institution or Merchant Service Provider (MSP) that facilitates and manages credit card processing on behalf of a merchant customer.
Acquirer Bank
The bank or financial institution that holds the merchant’s bank account that receives deposits from transaction processing proceeds.
Acquiring Processor
The credit card processing entity an acquirer partners with to provide merchants with transaction clearing, settlement, billing, and reporting services.
Address Verification System (AVS)
The AVS is a service provided by credit card issuers to authenticate the purchaser (customer) as the authorized cardholder.
Authorization
An approval code issued by or on behalf of a cardholder’s issuing bank to validate a transaction for a merchant or affiliate bank.
Authorization Response
The card issuer institution’s electronic message to an authorization request from a merchant. This is most often provided via Point-of-Sale (POS) equipment or a credit card reader.
Auto Close
A feature built into some point-of-sale software and credit card machines that allow automatic batch closing (settlement) at a certain time.
Bank Identification Number (BIN) Acquirer
A unique 6-digit number assigned by Visa to each acquirer. MasterCard has a similar identifier called ICA (Interbank Card Association).
Bank Identification Number (BIN) Issuer
A six-digit number that identifies the card issuer and is part of the entire payment card number on a payment card.
Batch
Bill
In Payabli, bills represent an invoice from a vendor that a paypoint is expected to pay. See Add Bills for more information.
Boarding
Boarding is a process that includes gathering the necessary information from a merchant for underwriting, and setting them up to process payments.
Boarding Application
Online form used to collect data for both money in and money out boarding processes. For money in, the form collects relevant merchant data before enabling them to begin processing customer payments. For money out, the form collects relevant information from each paypoint that want to use Payabli’s platform to issue payments to their vendors.
Boarding Links
Boarding links allow you to send a link to an onboarding application to a merchant. The link can be sent either via email or by cutting and pasting the link to the application template.
Card-Not-Present
A type of card transaction where card isn’t present at the point-of-sale.
Card Validation Code (CVV2, CVC2, CVD, CID)
A Card Verification Value (CVV) is the three-digit or four-digit value card used to verify card-not-present transactions.
Cardholder Data
All Personally Identifiable Information (PII) associated with a cardholder.
Chargeback
A chargeback provides cardholders with a way to dispute a transaction with a merchant. In a chargeback, the card issuer withholds the disputed funds from the business until the card issuer works things out and decides what to do. If the merchant loses the dispute, the withheld funds are returned to the cardholder. If the merchant wins the dispute, the disputed funds are returned to the merchant. See Chargebacks and ACH Returns.
Customer
Debit Card
A debit card, sometimes called a check card, is linked to a source of funds, typically a cardholder’s checking account. Unlike a credit card which extends credit to the cardholder, the debit card uses the connected account’s available balance for transactions.
Discount Fee
A processing fee charged to merchants for payment card transactions, traditionally deducted or “discounted” from each transaction amount before settlement. The term is used even when fees are collected monthly or on other schedules. For example, a 3% discount fee on a $100 transaction would traditionally result in $97 being deposited to the merchant, with $3 retained as the fee. See Chargebacks and ACH Returns for more information.
Dispute
A dispute is a disagreement between a cardholder and a merchant about a transaction. Disputes can be initiated by the cardholder, the card issuer, or the merchant. See Chargebacks and ACH Returns for more information.
Entity
Entrypoint
Entrypoint is an alias ID assigned by Payabli to identify an organization or paypoint. See Entrypoint Overview for more information.
FBO Account
Custodial account that lets a company manage funds on behalf of, or “for the benefit of” their users without assuming legal ownership of that account.
Invoice
An invoice is an itemized list of goods and services that a paypoint sends to a customer, expecting payment.
Money In
Also known as Pay In, money in processes allow merchants to collect money from their customers.
Money Out
Also known as Pay Out, money out processes allow merchants to send payments from their business to suppliers and vendors.
Nacha
Nacha governs the ACH Network, the payment system that drives direct deposits and direct payments to all U.S. bank and credit union accounts.
ODFI
An ODFI, or Originating Depository Financial Institution, is the bank that initiates ACH transactions on behalf of the originator (such as a merchant using Payabli to process payments). The ODFI sends the ACH files to the ACH operator as part of the electronic funds transfer process.
Organization
PartnerHub
PartnerHub is the web app for organizations to manage their sub-organizations, paypoints, customers, and vendors.
PayHub
PayHub is the web app for paypoints to manage their customers and vendors.
Pay Ops
Pay Ops processes and tools let you manage payment operations such as boarding, disputes, and compliance.
Paypoint
PCI
The Payment Card Industry Data Security Standard (PCI DSS) and supporting documents are a set of industry tools that guide the proper handling of cardholder data. The standard itself provides a framework for creating robust security processes that include preventing, detecting, and responding to security incidents. All entities that store, process, or transmit cardholder data must be PCI compliant.
Portfolio
A collection of an organization’s sub-organizations and paypoints.
Residual Income
Income from processing transactions on behalf of merchants.
Retrieval Request
A retrieval request is a process initiated by a credit card issuer on behalf of a cardholder who disputes a transaction, requesting documentation from the merchant to validate the transaction in question before deciding whether to proceed with a chargeback.
RDFI
An RDFI, or Receiving Depository Financial Institution, is the bank of the receiver in an ACH transaction. The RDFI is where the receiver’s account is held and where funds are deposited to or debited from by the ACH network.
Sandbox
The sandbox is a simulation environment used to test the API and web app.
Sub-organization
Organizations can create sub-organizations to group and manage paypoints, like value-added resellers (VARs), associations, market segments, and so on.
Tokenization
Tokenization is the process of exchanging sensitive data for nonsensitive data called “tokens”. You can then use these tokens in a database or internal system without bringing customer card data into your PCI scope. Payabli refers to the process of saving customer payment methods as tokenization. See Tokenization Overview for more information.
Users
Users in Payabli have access to tools like the API, PartnerHub, or PayHub.
Vendor
Vendors are businesses that are added as entities in Payable to receive payments from your paypoints.

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IntroPayment Methods for Testing