3-Corner Model is an exchange model where senders and receivers of invoices are connected to a single service provider for the dispatch and receipt of messages. Another definition: 3-Corner Model is an invoicing process set-up whereby trading partners have separate contractual relationships with the same service provider. When both senders and rece [..]

4-Corner Model is an exchange model where senders and receivers of invoice messages are supported by their own service provider. Another definition: 4-Corner Model is an invoicing process set-up whereby each trading partner has contracted with one or several separate service providers, whereby the service providers ensure the correct interchange of [..]

Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance and other risk management services.

Accounts payable refers to the money a business owes to others; current liabilities incurred in the normal course of business as an organisation purchases goods or services with the understanding that payment is due at a later date. Accounts payable is also the department within an organisation responsible for paying invoices on behalf of the organ [..]

Accounts payable automation represents the (semi-) automated management of accounts payable administration by automated processing of invoices. Accounts payable automation requires integration of the invoicing process with accounting software.

Accounts receivable refers to money which is owed to a company by customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.

Advanced electronic signature (AES) means an electronic signature which meets the following requirements: a) it is uniquely linked to the signatory; b) it is capable of identifying the signatory; c) it is created using means that the signatory van maintain under its sole control; and d) it is linked to the data to which it relates in such a manner [..]

Service Bureaus that provide Billing and/or Payment ConsolidationServices.

Alternative financial services (AFS) is a term often used to describe the array of financial services offered by providers that operate outside of federally insured banks and thrifts (hereafter referred to as ‘banks’). Check-cashing outlets, money transmitters, car title lenders, payday loan stores, pawnshops and rent-to-own stores are all consider [..]

Asset based lending (ABL) is a specialised form of secured lending whereby a company uses its current assets (accounts receivable and inventory) as collateral for a loan. The loan is structured so that the amount of credit is limited in relation to the value of the collateral. The product is differentiated from other types of lending secured by acc [..]