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Payment Gateway
A payment gateway is an application service provider that authorizes credit card, debit card and electronic check payments for businesses. A payment gateway facilitates the transfer of...
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CBR (Cross Border Payments)
A standard entry class code used for the transmission of corporate cross border ACH credit and ACH debit entries. The CBR format accommodates the exchange of information unique to cross border payments such as foreign exchange conversion, origination and destination currency, etc.). CBR is one of two standard entry class codes available for the transmission of cross border entries.
Related Terms
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SHR (Shared Network Transaction)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared...
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