A unique identifier assigned by companies to vendors in their systems. Functions similarly to social security numbers for organizations. Used for managing financial records and third-party interactions
Payout is the transfer of funds or assets from a source to a recipient. Payouts can be made in various forms including cash, checks, or cryptocurrency
TRN is a unique identifier for financial transactions. It serves as proof of transaction and tracks its progress. TRNs are typically alphanumeric codes with letters, numbers, and symbols
ISO 8583 defines standard for card-originated financial transaction messaging. Used in most store payments and ATM transactions. Mastercard, Visa and Verve networks base authorization communications on it
Bank tellers handle daily financial transactions for customers. They perform money transfers, deposits, withdrawals, and checking. Provide first impression and ensure customer safety. Answer phones and balance numbers at end of day
Reference numbers are unique identifiers assigned to financial transactions. Created technologically for each transaction, including credit/debit cards. Used by institutions to track millions of transactions. Included in monthly statements for cardholders