Debt Collection Whenever a debtor fails to meet a justified claim and the creditor commissions a third party to collect the debt, this is referred to as debt collection. There are two basic types of debt collection. Debt collection with sale of receivables The creditor can commission a debt collection by selling his claim to […]

Credit Note A credit memo is a favorable posting of a service to an account. The beneficiary can be a person or a company. A credit entry can be made, for example, by an incoming payment to a beneficiary’s current account. The corresponding amount is then credited to the account. A credit can also be […]

Basic fee – pay regularly for provision of payment forms on websites. Many service providers usually charge a consumption-independent basic fee for the provision of services. In the payment industry, too, many payment service providers charge their customers a fixed basic fee for the provision of several payment options, payable monthly or annually. The basic […]

Factoring Company Factoring companies take over existing receivables from their customers, which the latter have as a creditor towards third parties. Factoring is available in a variety of forms. The most common variants in the range of products offered by factoring institutions include, for example, due date factoring, real and unreal factoring or standard factoring. […]

Factoring Factoring, derived from the Latin term “factura” for invoice, refers to the sale of a company’s outstanding receivables to a so-called factor. Factoring is mainly used in small and medium-sized businesses and is applied to payments from commercial customers. Factoring is not commonly used for open payments from end consumers. The factor settles transferred […]

E-payment as a success factor in e-commerce / e-payment The term e-payment, also synonymous with online payment, is closely related to e-commerce. E-payment refers to payment processing electronically via the Internet and is generally used to pay for goods or services purchased on the Internet. There are a wide variety of payment methods and e-wallets […]

E-commerce stands for online trade or electronic trade / e-commerce The already strong and ever-widening use of the Internet and the associated shift of product searches and product comparisons to the Internet are acting as a motor for the steady growth of e-commerce. The term is derived from electronic commerce, synonymous with online commerce or […]

Discount definition: Payment provider fee. The disagio is a revenue-based fee that an operator of an online store or a paid website has to pay for using the services of a payment service provider. Anyone offering a good or service on the Internet must ensure that potential buyers can pay for the product offered. The […]

Webmaster Administration A webmaster administration is needed by the operators of so-called adult sites to manage the commissions for the webmasters. The numerous webmasters place advertisements of different site operators on their own Internet presence. If a user clicks on one of these advertisements, he usually ends up on an adult page. The webmaster, through […]

Structured Creditor Reference In order to be able to accurately allocate a transaction, both the payee (creditor) and the payer (debtor) require a reference in payment of a SEPA credit transfer or direct debit. This reference can be structured with XML tags or consist of an unstructured continuous text with a maximum length of 140 […]

Security Deposit When a payment is made by credit card, a so-called security retention or deposit is due on the cleared amount. For credit cards, the security deposit is between 5 and 15 percent and is usually retained over a period of six months. The security retention is provided for in a credit card acceptance […]

SEPA Migration The individual payment transaction markets in the European area have been characterized by a multitude of different conventions, payment systems and legal regulations. Not only are the technical regulations or the formats for payment transaction data different from country to country. In addition, the various payment instruments, such as credit transfers and direct […]