Sales Invoice In many companies today, it is common practice to assign open invoices within the framework of factoring. This sales invoice has the advantage for the company that the invoice is settled immediately by the factor. This increases liquidity because there are no long waiting periods for outstanding receivables. The money from open invoices […]

Rebill It is a term for recurring or regularly due payments. The rebill procedure means that the user of a service is charged again at the end of the payment period with the amount for the beginning payment period. Rebill refers, for example, to the regular billing of memberships or subscriptions. The rebill then takes […]

R-Transactions In the SEPA scheme, R-transactions are all actions that are considered to be exceptional. They mainly include the rejections of direct debits, both on the part of the payer (debtor) and on the part of the payee (creditor). The SEPA payment traffic regulations define comprehensive R-transactions, which apply to credit transfers and direct debits. […]

Processor A processor is the partner in a payment transaction within the framework of a card business who takes care of providing the technical basis. It is responsible for ensuring that all payments are executed in a technically flawless manner. In addition, a processor takes over numerous other ancillary tasks from the acquirer or issuer […]

Prepaid Card A prepaid card is generally understood to be a card on which a credit balance is stored. Prepaid cards are used in various areas, including as a means of payment or as a SIM card for cell phones. In the payment sector, a prepaid card is a card that the customer purchases either […]

Pre-Authorization Pre-authorization is a term frequently used in payment transactions. The technical term usually appears when goods or services are paid for with a credit card. Pre-authorization is very often used when checking into a hotel or renting a car. Pre-authorization provides the seller of goods or services with the assurance that the amount in […]

POS The abbreviation POS stands for Point of Sale and has several meanings. In general, it refers to a point of sale. When it comes to the payment sector, a terminal device is referred to as a POS, which is required for credit card or EC card payments in retail stores. In online payment, there […]

PCI DSS – the Payment Card Industry Data Security Standard PCI DSS stands for Payment Card Industry Data Security Standard. This is a global security standard for credit card data. PCI DSS was developed by the PCI Security Standards Council (PCI SSC), a consortium of credit card companies Mastercard, Visa Inc, American Express, JCB International […]

Payment provider / Payment service provider Payment providers are companies that organize cashless payment transactions for their customers. In addition to the so-called classic payment service providers such as banks and credit institutions, there are now also an increasing number of companies that specialize in payment processing on the Internet and offer PayPal and other […]

Payment Solutions for your high-turnover online store Payment solutions are cashless payments in the field of e-commerce. There are currently over 40 different payment solutions in Germany. The most important of these are: Invoice, advance payment, cash on delivery, direct debit and credit card. Purchasing power in Germany is currently increasingly focused on online retailing, […]

Online Stores on Invoice Ordering in online stores is easy: the customer goes online, looks for the right item and puts it in the shopping cart. Payment is then made. But customers often have concerns about what happens to their money when they buy online and whether they will actually receive the goods they ordered. […]

Payment Lexicon The e-commerce and e-payment industry has already spawned its very own jargon. This is made up of many new word creations, mostly English expressions or their “Germanization”. The term e-payment is also made up of the terms “electronic”, shortened to “E”, and “payment”, which literally means electronic payment. The term generally refers to […]