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Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A
ABA Routing Number
The 9-digit number (8 digits and a check verification digit) that identifies a specific financial institution. Also referred to as a Financial Institution Routing Number or Routing Transit Number. Back to top
Account Mask Information
Editing criteria used to verify the accuracy of a payee's account number in certain electronic payment transactions. Back to top
Activation
The process wherein a customer selects a payee account for bill presentment and/or payment, agrees to the payee's terms and conditions, and establishes the account with the payee and the bill payment systems. Back to top
Aggregators
Service bureaus that provide bill presentment and/or payment consolidation services. Back to top
Amount
The amount to be paid for each bill. Back to top
Authentication
The process that determines the identity of a party. Back to top
Authorization
An agreement between a receiver and originator that allows the originator to initiate debits and/or credits to a receiver's account. Back to top
Automated Clearing House (ACH)
Funds transfer system governed by NACHA Operating Rules, which provide for clearing of electronic transactions between participating financial institutions. Back to top
Available Account Balance
The available balance as of the date posted by your financial institution. This balance reflects the total amount of funds that is available for immediate withdrawal according to your financial institution's funding availability policy. This amount may not be the same as your current balance if there are holds or pending credits that have not been posted to your account. Back to top
B
Bank Routing Number
The number that uniquely identifies a bank for payment processing. Also referred to as an ABA Number or Routing Transit Number. Back to top
Bill Consolidator
A Bill Service Provider that consolidates bills from other Bill Service Providers or payees and delivers them for presentment to your bill payment system. Back to top
Bill Detail
Information from a payee that provides line-level account information. This may include specific billing event information such as credit card charges, telephone calls, or kilowatts used. Back to top
Bill Inbox
A list of the bills that you must approve before we will send a payment and any notices from your payees. Back to top
Bill Notification
A process whereby a customer is notified that an electronic bill is available for review and payment. Back to top
Bill Payment Enrollment
The process by which you register to use online bill payment. Back to top
Bill Payment Manager
An agent of the customer that provides an interface directly to customers, businesses, or others for bill presentment. BPM enrolls customers, enables presentment, and provides customer support, among other functions. Back to top
Bill Summary
The summary information from a payee that is essential to a customer to understand what is owed. Typical information may include: amount owed, due date, payee, payee's account number. Back to top
Bill/Invoice
An electronic or paper document indicating that a payment is due. Back to top
Biller Payment Provider (BPP)
An agent of the payee that accepts remittance information on behalf of the payee. Back to top
Biller Service Provider (BSP)
An agent of the payee that provides an EBPP service for the payee. Back to top
Billing Cycle
The frequency with which a bill is received from a payee. Back to top
Billing Questions
The phone number of your payee's billing department. Back to top
C
Check
The check number for each payment. If the payee accepts electronic payments, this column will display "EFT" to let you know how the payment will be issued. Back to top
Check Number
The check number if a check was issued for this payment or the electronic funds transfer (EFT) number if the transaction was an electronic payment. Back to top
Cleared
The date the transaction was posted to your bank account. Back to top
Cleared Bank Transactions
Some banks only maintain the last 30 or 60 days of transactions on their website. We will download and display the same number of transactions as your bank allows for downloads and let you know how many days of transactions appear. Back to top
Consolidator
A Bill Service Provider that consolidates bills from multiple payees or other Bill Service Providers (BSPs) and delivers them for presentment to your bill payment system. Back to top
Credit
An entry to the record of an account representing the transfer or placement of funds into an account. Back to top
Customer
An individual or entity that receives goods or services that are subject to bills, invoices, or statements. The typical receiver of a bill. Back to top
Customer Payment Provider (CPP)
An agent of the customer that originates payments on behalf of the customer. Back to top
Customer Service
The phone number of your payee's customer service department. Back to top
D
Data Transmission
The electronic exchange of information between 2 or more data processing points. Back to top
Debit
An entry to request transfer or withdrawal of funds from an account. Back to top
Debit Transaction
A payment transaction originated by a payee for which you have authorized us to withdraw funds from your account. Back to top
Due
The date that each bill is due at the payee's location. You should schedule payment five to seven business days before the due date in this list. If a bill arrives as Due Upon Receipt, the date that the payment arrived is listed as the due date. Back to top
E
E-Mail Address
An electronic mail address, usually belonging to the customer, to which banking correspondence can be sent. Back to top
Electronic Bill Presentment And Payment (EBPP)
The electronic presentation of statements, bills, invoices, and related information sent by a company to its customers, and corresponding to payment for goods or services. Back to top
Electronic Funds Transfer (EFT)
Electronic payment such as ACH or wire transfer. Back to top
Electronic Payment
Any non-paper type of payment. Back to top
Encryption
Computer-generated algorithm that allows secure communication between parties. Back to top
Expedited Payment
Expedited payments are delivered faster than standard payments. These payments are subject to a convenience fee that is automatically debited from your funding account. Back to top
F
Federal Reserve
Central bank of the United States that sets monetary policy and provides services to financial institutions. Back to top
Filed Bill
A bill that you do not want to pay using this website, but want to save for your records. For example, a bill with a zero balance or a bill that no longer needs to be paid. Once you file a bill, it is permanently removed from your Bill Inbox and cannot be paid. Back to top
Financial Institution (FI)
A state or federally-chartered depository institution, such as a bank, savings and loan, or credit union. Back to top
Funding Account Description
A description you assign to the funding account to identify it. Back to top
N
National Automated Clearing House Association (NACHA)
NACHA is a national, payment association that develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet Commerce, electronic bill and invoice presentment and payments (EBPP, EIPP), e-checks, financial electronic data interchange (EDI), international payments, and electronic benefit transfer (EBT). NACHA also provides information and education to members. Back to top
Non-Sufficient Funds (NSF)
Insufficient funds available to settle a payment. Back to top
Notification Of Change (NOC)
An ACH entry that notifies an originator that information contained in an entry is incorrect or erroneous. Back to top
P
Paid from
The payment account that will be used for this payment. Back to top
Password
The password you use to access your Online Banking account. Back to top
Payee
A company or organization that sends you a bill, invoice, or statement, usually a request for payment for a product or service. Back to top
Payee website Address
The website address of your payee. Back to top
Payee Description
The payee name associated with payment of a bill. Back to top
Payee Nickname
A description you assign to identify a payee. Back to top
Payee User ID or Account Number
The account information that you use to log in to your payee's website. Back to top
Payment
A vehicle to affect the transfer of value. Back to top
Payment Authorizations/Instructions
Instructions for routing/posting the payment. For example, instructions indicating the bank account into which payments should be deposited. Back to top
Payment Category
The group that you assign to a payee during setup. Back to top
Payment Due Date
The date by which the payee requires payment from the customer. Back to top
Payment Instructions
Payment Instruments
The instruments required to initiate a payment. Back to top
Payment Method
A method used to facilitate and process a payment. Back to top
Payment Outbox
The scheduled payments, including those you approved and those you scheduled for automatic payment. Back to top
Payment Posted Date
The date on which a payment is posted to an account. Back to top
Payments System
A system or network used to process payments. Back to top
Personal Finance Management Or Manager (PFM)
Personal Finance Manager Software used to manage your financial information. Often includes categorization, reporting, and graphing capabilities, as well as the ability to download account and transaction information from your financial institution. Back to top
Posting
The process of recording debits and credits to account balances. Back to top
R
Received From
The payee for each item. If you specified a nickname for the payee, that name is displayed. Back to top
Reversals
An ACH entry or file sent with required deadlines to correct or reverse a previously originated duplicate or erroneous entry or file. Back to top
S
Secured Socket Layer (SSL)
A security protocol to enable encrypted, authenticated communications across the Internet. Back to top
Seller
A payee or vendor. An entity providing product or services. Back to top
Send On
The date that each payment will be initiated to the payee. This is also the date on the check. Back to top
Send To
The nickname for the payee. Back to top
Sent
The date the payment was sent to the payee. Back to top
Statement/Notice
An electronic or paper document sent to you that does not have a payment due associated with it. Back to top
T
Total Due
The total amount due for each bill. Back to top
Transit Routing Number
See ABA Routing Number. Back to top
U
Unpaid Bills
Bills that appear in your Bill Inbox on which you have not taken any action. Back to top
