Home >  Term: Payment
Payment

(1) A transfer of funds (credit or debit) between banks.
(2) In WebSphere Commerce Payments, a merchant's request of a financial institution to approve all or part of an order. In many cases, all the money authorised for collection by an order will be collected in a single payment. Some payment systems allow the money authorised in one order (that is, one set of payment instructions) to be collected in multiple payments, depending on the business model.

0 0

Kūrėjas

  • Harry8L
  • (London, United Kingdom)

  •  (V.I.P) 574128 points
  • 100% positive feedback
© 2026 CSOFT International, Ltd.