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The Monito Glossary

Welcome to The Monito Glossary, an in-depth repository of definitions and explanations on all things related to cross-border payments.

On this page, you'll find links to all Glossary pages published so far on Monito, broken down into alphabetical order.

A

Automated Clearing House (ACH)

Account Number

Airtime Top-Up

Agent Pickup

Australian Securities and Investments Commission (ASIC)

B

Bank Charges

Bank Fees

Bank Identifier

Bank Transfer

Bank Wire

Bank Verification Number (BVN)

Beneficiary

Bank Identification Code (BIC)

Bill Pay

Bulk Electronic Clearing System (BECS)

C

Canadian Transit Number

Cash Pickup

Clearing House Automated Payments System (CHAPS)

CLABE

Clearing House

Commission Fees

Correspondent Bank

Correspondent Bank Fees

Currency Exchange Provider

Currency Transfer

D

Demand Draft

Digital Wallet

Direct Deposit

Door-to-Door Money

Dynamic Currency Conversion

E

Electronic Funds Transfer (EFT)

Electronic Wallet

Exchange Rate Alerts

Exchange Rate Margin

F

Federal Deposit Insurance Corporation (FDIC)

Financial Conduct Authority (FCA)

Financial Crimes Enforcement Network (FinCEN)

Financial Intelligence Unit (AUSTRAC)

Fixed Fee

Foreign Exchange Broker

H

Her Majesty's Revenue and Customs (HMRC)

Home Delivery Money

I

IBAN

IBAN Discrimination

Interac e-Transfer

Interbank Exchange Rate

International Card Transaction Fee

International Wire Transfer

L

Local Pickup

M

Mid-Market Exchange Rate

Mobile Money

Mobile Wallet

Money Order

Multifactor Authentication (MFA)

Multi-Currency Account

Multiple Currency Account

N

Nigerian Uniform Bank Account Number (NUBAN)

P

Pay Cards

Pay to Card

PayPoint

Paysafecard

Paysafecash

Prepaid Cards

R

Recipient

Regulation Licensing and Jurisdiction

Remittances

Ring-Fenced Accounts

Routing number

S

Sending Airtime Internationally

Single Euro Payments Area (SEPA)

Single-Factor Authentication

SOFORT

Sort Code

Standard Exchange Rate

Store Pickup

Society for Worldwide Interbank Financial Telecommunication (SWIFT)

T

Telegraphic Transfer

Two-Factor Authentication

U

Unified Payments Interface (UPI)

Unstructured Supplementary Service Data (USSD)

W

Wire Transfer

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