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  2. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    In countries where wire transfer is the predominant payment method, invoices are commonly accompanied by standardized bank transfer order forms (like acceptgiros (in Dutch) (Netherlands) and Überweisungen (in German) (Germany) which include a field into which the invoice or client number can be encoded, usually in a computer-readable way. The ...

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    It does this by ensuring that the seller is paid for presenting the documents which are specified in the contract for sale between the buyer and the seller. That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly.

  4. What is a pay-for-delete letter? - AOL

    www.aol.com/finance/pay-delete-letter-195458239.html

    Sample pay-for-delete letter [Your Name] [Your Address] [City, State ZIP Code] ... Upon receipt of this confirmation, I will submit the payment in full within [Insert time frame, e.g., 10 business ...

  5. MT202 COV - Wikipedia

    en.wikipedia.org/wiki/MT202_Cov

    In order to improve the responsiveness of international banking, a method of cover payments was developed. All cover payments involve two messages, the MT103 and the MT202 COV. MT103 is the direct payment order to the beneficiary's bank that results in the beneficiary's account being credited a specific funding amount.

  6. Banker's acceptance - Wikipedia

    en.wikipedia.org/wiki/Banker's_acceptance

    In a case where the payee and drawee of a time draft are distinct parties, the payee may submit the draft to the drawee for confirmation that the draft is a legitimate order and that the drawee will make payment on the specified date. Such confirmation is called an acceptance — the drawee accepts the order to pay as legitimate. The drawee ...

  7. X12 Document List - Wikipedia

    en.wikipedia.org/wiki/X12_Document_List

    General Request, Response or Confirmation 819 Joint Interest Billing and Operating Expense Statement 820 Payment Order/Remittance Advice 821 Financial Information Reporting 822 Account Analysis 823 Lockbox 824 Application Advice 826 Tax Information Exchange 827 Financial Return Notice 828 Debit Authorization 829 Payment Cancellation Request 831

  8. SWIFT message types - Wikipedia

    en.wikipedia.org/wiki/SWIFT_message_types

    SWIFT message types are the format or schema used to send messages to financial institutions on the SWIFT network. The original message types were developed by SWIFT and a subset was retrospectively made into an ISO standard, ISO 15022.

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