Education & Awareness Glossary
Faster Payments Terms & Definitions

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The contents of the Glossary are for educational purposes only and not intended to be an endorsement by the U. S. Faster Payments Council of a specific product and/or service mentioned within a term or definition.

Sources:
1 FPC Education & Awareness Work Group: Glossary of Terms Subgroup https://fasterpaymentscouncil.org/
2 Glenbrook Partners https://glenbrook.com/
3 FirstData.com, Payments 101 Glossary https://merchants.fiserv.com/en-us/features/payments-101-glossary/
4 https://epcor.org/
5 Nacha, Glossary of International ACH Terms https://www.nacha.org/content/international-payments-glossary
6 Fed Payments Improvements https://fedpaymentsimprovement.org/
7 Bank for International Settlements https://www.bis.org/
8 PYMNTS.com, Pay-Ology Glossary https://www.pymnts.com/
9 Mastercard RTP Message https://www.mastercard.us/content/dam/mccom/en-us/business-payments/documents/real-time-payments-whitepaper-sept-2018.pdf
10 Paypal.com https://www.paypal.com/us/home
11 Federal Reserve https://www.federalreserve.gov/
12 Fedwire Funds Services https://www.frbservices.org/financial-services/wires
13 Federal Financial Institutions Examination Council https://www.ffiec.gov/
14 The Clearing House RTP System Operating Rules https://www.theclearinghouse.org/payment-systems/rtp/Rules-and-Legal-Framework
15 FasterPaymentsPlaybook.org https://fasterpaymentsplaybook.org/
16 Otava.com https://www.otava.com/
17 https://fasterpaymentscouncil.org/blog/2756/Faster-Payments-Interoperability
18 https://fasterpaymentscouncil.org/blog/1474/Faster-Payments-Playbook
19 Oxford English Dictionary https://www.oed.com/
20 FDIC.gov https://www.fdic.gov/
21 investopedia.com/terms https://www.investopedia.com/financial-term-dictionary-4769738
22 fincen.gov https://fincen.gov/
23 15 US Code 6827; www.law.cornell.edu
24 ftc.gov https://www.ftc.gov/
25 ISO 20022.org https://www.iso20022.org/
26 Merriam-Webster Dictionary https://www.merriam-webster.com/
27 swift.com https://www.swift.com/
28 home.treasury.gov https://home.treasury.gov
29 legal.thomsonreuters.com https://legal.thomsonreuters.com/en
30 sec.gov https://www.sec.gov/
31 frbservices.org https://frbservices.org/
32 https://bootcamp.cvn.columbia.edu/blog/what-is-fintech/
33 https://www.uniformlaws.org/acts/ucc
34 https://www.upcounsel.com/uniform-commercial-code
35 https://csrc.nist.gov/glossary
36 https://www.gartner.com/en/information-technology/glossary/
37 https://www.aciworldwide.com/request-to-pay
38 https://www.redhat.com/en/topics/api/what-is-a-rest-api
39 https://www.risk.net/definition/settlement-risk
40 https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/financial-markets/counterparty-risk/index-counterparty-risk.html#:~:text=Counterparty%20risk%20is%20the%20probability,default%20on%20the%20contractual%20obligations
41 www.theclearinghouse.org
42 https://www.britannica.com/money/fiat-moneyB1A1:B42
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