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ASC X9 TR-43-2014

Remittance Glossary

This Technical Report consists of a glossary of terms associated with business-to-business payment methods and payment remittance data that can be exchanged. Business-to-business payments represent the settlement of the buyerÆs financial obligations for the sellerÆs provision of goods and services. Payment remittance data refers to information that explains what a payment is for and may accompany the payment or be provided separately. Remittance data maybe exchanged directly between a buyer and a seller and may be delivered by or flow through other entities or parties before reaching the ultimate user of the remittance data.

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Accredited Standards Committee, Inc. - Financial Industry Standards [ASCX9]


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As the voice of the U.S. standards and conformity assessment system, the American National Standards Institute (ANSI) empowers its members and constituents to strengthen the U.S. marketplace position in the global economy while helping to assure the safety and health of consumers and the protection of the environment.

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