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Glossary
- Batch
- A group of transactions submitted together to the payment processor for settlement.
- CSV
- Comma-Separated Values: a file format that opens in spreadsheet applications.
- Lookback Period
- The time period from which a recurring report retrieves data (for example, the previous 24 hours for daily reports).
- One-Time Report
- A report generated once for a specific date range.
- Processor Events
- Notifications from the payment processor about chargebacks, refunds, adjustments, and other post-transaction events.
- Recurring Report
- A report that generates automatically on a regular schedule (daily, weekly, or monthly).
- Reconciliation
- The process of matching transaction records with bank deposits to ensure accuracy.
- Settlement
- The process of transferring funds from the customer's bank to the merchant's bank account.
- XML
- Extensible Markup Language: a structured data format used for system integration.