GLOSSARY
Disbursement
Outbound payment from a platform to a recipient, such as payouts to merchants or gig workers.
A disbursement is a payout from a platform to a recipient (e.g., merchant settlements, gig worker earnings, refunds). Methods include bank transfers, real-time rails, or card push-to-debit.
Unlike peer-to-peer payments, disbursements are typically business-to-individual or business-to-business. Timing, fees, and risk checks (KYC/KYB) affect user experience and cost.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
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Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.