PBR (Consumer Cross-Border Payment)

A PBR entry is a debit or a credit entry to or from the account of a consumer where the participants are in two different countries.

Related Terms

  • Lockbox

    Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...

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  • POP (Point-of-Purchase)

    A one time debit entry to the account of a receiver whom is notified, at the point of purchase, that their check (source document) will be converted...

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