The following is a list of various terms and verbiage, along with their definitions, used around the site. If you see any terms that do not make sense to you or for which you would like a better explanation, please let us know and we will keep this page updated.

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Billing Amount

The amount of money that is attributed to the selected billing group. In most instances, this is the same amount as the Entry Amount. Older funding entries sometimes contain amounts for multiple billing groups, so this amount refers only to the amount that was transferred to/from the billing group that is selected on the lookup.

Entry Amount

The total amount of money in the overall ACH entry sent to the bank. In most instances, this is the same amount as the Billing Amount. Older funding entries sometimes contain amounts for multiple billing groups, so this amount refers to the total amount of the entry that was sent to the bank, regardless of billing group.

Funding

The money to/from the merchant that is used to "fund" a transaction. In a debit transaction, this is the money sent to the merchant with which the consumer is doing business. In a credit, refund or fee transaction, this is the money that is being sent to the consumer from the merchant.

Payer

The target recipient of a transaction. In a debit transaction, this is the consumer from which funds are being debited. In a credit or refund transaction, this is the consumer to which funds are being deposited.