purpose of payment
1payment of honor — payment of a protested bill or draft by someone other than the primary debtor made with the purpose of saving the credit of such debtor …
2Payment Card Industry Data Security Standard — The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e purse, ATM, and POS cards. Defined by the Payment Card… …
3payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …
4Payment Services Directive — The Payment Services Directive (PSD) is a regulatory initiative from the European Commission (Directorate General Internal Market) which will regulate payment services and payment service providers (as defined in the Directive) throughout the… …
5Payment card industry — The payment card industry (PCI) denotes the debit, credit, pre paid, e purse, ATM, and POS cards and associated businesses.The term is sometimes more specifically used to refer to the Payment Card Industry Security Standards Council, an… …
6payment voucher — receipt showing that a payment has been made (generally specifying the purpose of the payment) …
7Payment order type — A Group of Payment Orders with a similar purpose, origin or destination …
8international payment — Payment made between countries, whether in settlement of a trade debt, as a unilateral transfer of funds, for capital investment, or for some other purpose. The reasons for such payments and the methods of making them and accounting for them are… …
9Facilitating payment — A facilitating payment is a certain type of payment to foreign officials which is not considered to be bribery according to legislations of some states as well as in the international anti bribery conventions, e.g., coming from the OECD.… …
10international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …
