Automated Clearing House (ACH) payments used for bank-to-bank transfers in the U.S.

A set of rules that allows software applications to communicate, enabling businesses to integrate and automate processes like payments, data transfers, and system connectivity.

A tool that facilitates seamless integration between different software systems by enabling them to exchange data and communicate through APIs, automating workflows and enhancing functionality.

Accounts Payable Automation; technology that automates the processing of invoices and payments to creditors, enhancing efficiency and accuracy.

The use of technology to enforce regulatory requirements in banking, such as automating KYC, transaction monitoring, and reporting to reduce risk and improve efficiency.

A subtab within the banking tab which includes an overview of different accounts created, account balances, and details of recent transactions.

A network that facilitates the settlement of payments and transactions between financial institutions by verifying, reconciling, and authorizing fund transfers before final settlement. Examples include ACH, SEPA, and CHIPS.

Definition not provided.

A secure digital payment method supported by Payouts.com that allows businesses to send funds using cryptocurrencies, enabling fast and borderless transactions without relying on traditional banking networks.

International transactions that involve currency exchange and compliance with different regional regulations.

Integral part of the data connector system. A component responsible for gathering, processing, and transmitting data between different systems, applications, or platforms. It typically functions as an intermediary that extracts relevant data from a source system and makes it available for further processing, transformation, or integration into a destination system.

A tool that enables Payouts.com to integrate with email services, allowing users to receive payment-related data and invoices directly via email.

Connecting Enterprise Resource Planning systems with Payouts.com to ensure seamless data flow and unified business processes.

Digital wallets that allow users to store funds electronically and make transactions online, such as PayPal or Payoneer.

Traditional government-issued currencies, such as USD, EUR, or GBP.

Payments made in traditional government-issued currencies, such as USD, EUR, or GBP.

Subtab within the Banking tab on the Payouts.com dashboard. This subtab allows users to open up a global account, creating local IBANs in over 14 countries and 90+ tier 1 financial institutions. This flexibility facilitates local transactions, enhancing efficiency in global payouts to vendors. Users are able to view all relevant account information such as IBAN's, SWIFT codes, and transfer options in this subtab.

International Bank Account Number. A standard international numbering system developed to identify an overseas bank account.

The process of validating an International Bank Account Number to ensure correct and compliant transactions.

The ability to quickly access cash or cash-equivalents, enhancing financial flexibility for businesses.

The automated extraction of key data from original invoices using OCR (Optical Character Recognition) and AI to identify details such as vendor names, amounts, dates, and line items for generating a self-invoice and reconciliation.

The process of verifying the identity of clients to comply with financial regulations and prevent fraud.

A due diligence process used to verify business entities before onboarding them for financial services.

A domestic payment transfer system that enables the movement of funds within a specific country using local banking networks, ensuring faster settlement times and lower transaction costs compared to international transfers.
​

The capability to send payments to multiple recipients simultaneously, often used by businesses to pay vendors, affiliates, or freelancers.

Tax identification numbers that have been verified against official government records, ensuring accuracy for tax reporting and compliance purposes.

The ability to send, receive, and hold funds in multiple currencies, reducing conversion fees and streamlining international transactions.
​

The process of managing and optimizing multiple payment methods and providers through a single platform.

Subtab of the Connectors tab on the Payouts.com dashboard. Relevant users can view pending invoices, approve or edit them, and view all relevant details (such as status, invoice amount, payment due date, payment type, and more) in this tab.

A payment method supported by Payouts.com that allows businesses to send funds to recipients via single-use prepaid cards, providing a flexible and convenient payout option without requiring a traditional bank account.

The use of technology to streamline and automate the process of distributing funds to recipients, reducing manual effort and errors.

The ability to monitor transactions in real-time, ensuring transparency and efficiency.

The process of verifying and matching financial records across accounts to ensure accuracy and consistency. Including automatically syncing and reporting reconciled data to other systems, such as ERP, accounting, or payment platforms, for seamless financial management.
​

A standardized payment system that allows for fast and secure euro transactions across the Single Euro Payments Area.

A process where a client generates invoices for a vendor, often using automation and invoice parsing to streamline billing and ensure accuracy. add in the different types of invoices (ask dani to consult with oded) - proforma invoices

Tab within the Payouts.com dashboard where relevant users can view, approve and mass execute payouts that are still pending, as well as view payouts that have already been executed and check their status.

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) system powers most international money and security transfers. SWIFT is a vast messaging network used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.

A global messaging network that facilitates secure international wire transfers between banks.

The process of gathering necessary tax-related documents from vendors or contractors to comply with regulatory requirements.

Subtab within the Banking tab on Payouts.com, which allows users to transfer money to whichever recipient they desire. Users can also change what currency they prefer to send, preferred payment methods (local or swift), view the cost of conversion to the recipient's desired currency, and more.

Tools or interfaces that allow seamless integration between different software systems, enabling efficient data import and export.

A U.S. tax form used by non-U.S. individuals and businesses to certify their foreign status and claim tax treaty benefits, ensuring proper withholding tax rates on income received from U.S. sources.

A U.S. tax form used by businesses to collect Taxpayer Identification Numbers (TINs) from U.S. individuals or entities for reporting income paid to contractors, freelancers, or vendors to the IRS.

A lightweight, event-driven communication that automatically sends data between applications via HTTP.

A secure electronic payment method supported by Payouts.com that allows businesses to send funds directly between bank accounts, both domestically and internationally, using networks like SWIFT and SEPA.

A tax deducted at the source from payments made to non-residents or certain vendors, ensuring tax compliance.