# Glossary

The key terms of 365 business Banking in brief, from account information service and EBICS participant to payment reconciliation journal.

Terms in **bold** are listed the way 365 business Banking uses them.

## A–H

| Term | Meaning |
|---|---|
| **Account Information Service** (AIS) | The service that delivers a bank account's statements, balances and account details. → [Account information and payment initiation service](account-information-payment-initiation.mdx) |
| **Application Log** / **Check Application** | Shows, for one line in the payment reconciliation journal, every entry checked with result and reason. → [Check application](../bank-reconciliation/check-application.mdx) |
| **Bank Account Capability** | Functions that your bank allows for an account, for example SEPA instant credit transfer or SEPA collective direct debit. → [Bank account capabilities](../bank-accounts/capabilities.mdx) |
| **Banking Interfaces** | FastTab on the bank account card with the technical routes to the bank, such as *XS2A* or *EBICS*. → [Bank account card](../bank-accounts/bank-account-card.mdx) |
| **Banking Provider** | The way a bank account is connected to its bank or payment service provider, such as *SEPA Bank Account* or *camt / pain File*. You choose it in the wizard in the **Choose your banking provider** step (field **Provider**); on the bank account card, the action group has the same name. → [Connect a bank account](../connections/connect-bank-account.mdx) |
| **camt / pain** | ISO 20022 file formats: *camt* for bank statements (camt.052, camt.053, camt.054), *pain* for payments (pain.001 credit transfer, pain.008 direct debit). → [camt/pain file](../connections/iso20022-file/index.mdx) |
| **Change Banking Services** | Action on the bank account card to switch the account information or payment initiation service. → [Combine banking services](../connections/mixed-operation.mdx) |
| **Company** | A company in Business Central. One bank access can connect bank accounts for several companies. → [One bank access for several companies](../connections/multi-company.mdx) |
| **Company Bank Access** | The identity Business Central uses towards finAPI. One per company; also required for verification of payee. → [Bank access](bank-access.mdx) |
| **Connect Bank Account** | The wizard that connects any bank account, via PSD2/XS2A, EBICS, file or a payment service provider. → [Connect a bank account](../connections/connect-bank-account.mdx) |
| **Context Word** | A word such as "invoice" that marks a nearby number as a document number. → [Context words](../setup/context-words.mdx) |
| **Distributed Electronic Signature (VEU)** | Second signature on an EBICS payment, given in the banking program. → [Second signature at the bank](../connections/ebics/distributed-signature.mdx) |
| **EBICS** | Electronic Banking Internet Communication Standard: the direct route to the bank for corporate customers, with your own key pair. → [EBICS](../connections/ebics/index.mdx) |
| **EBICS Jobs** | Every order sent to the bank via EBICS (retrievals, submissions, key orders) with outcome and file. → [EBICS jobs and submissions](../connections/ebics/jobs-and-submissions.mdx) |
| **EBICS Participant** | Your access to one bank via EBICS: bank URL, host ID, partner ID, user ID and keys. → [Set up an EBICS participant](../connections/ebics/participant.mdx) |
| **EBICS Submissions** | Every payment or direct debit file submitted via EBICS, with its status at the bank. → [EBICS jobs and submissions](../connections/ebics/jobs-and-submissions.mdx) |
| **End-to-End Reference** | A reference per payment that travels unchanged onto the bank statement; 365 business Banking uses it to recognize your own payments. → [Recognize own payments](../bank-reconciliation/own-payments.mdx) |
| **Euro Urgent Credit Transfer** | Same-day urgent transfer in euro, a payment method of its own; via EBICS only (CCU/XCT-URG), if your bank offers it. → [Euro urgent payment via EBICS](../payment-types/euro-urgent-payment.mdx) |
| **Ext. Payment Suggestion** | Payment suggestion for vendors, customers and employees in one run, controlled by templates. → [Extended payment suggestion](../bank-payment/payment-suggestion.mdx) |
| **Foreign Credit Transfer** | A credit transfer outside the SEPA rules: in another currency, without an IBAN or to a bank outside the SEPA area. Via EBICS (AXZ/XCT) if your bank offers the order, or as a pain file. → [Payments via EBICS](../connections/ebics/payments.mdx) |

## I–P

| Term | Meaning |
|---|---|
| **Initialization Letter** | Signed letter with which your bank activates an EBICS participant. → [Set up an EBICS participant](../connections/ebics/participant.mdx) |
| **Netting Statement** | Document recording a customer-vendor netting in the payment suggestion. → [Customer-vendor netting](../bank-payment/payment-suggestion/netting.mdx) |
| **Netting Statement Nos.** | Number series for netting statements in the Banking Setup. Blank: `NET-`, date and counter. → [Banking Setup](../setup/banking-setup.mdx) |
| **Payment Group** | A group of customers or vendors with one central account that pays or is paid for all of them. → [Payment groups](../payment-groups.mdx) |
| **Payment Initiation Service** (PIS) | The service through which a bank account's credit transfers, direct debits and standing orders are carried out. → [Account information and payment initiation service](account-information-payment-initiation.mdx) |
| **Payment Journal / Cash Receipt Journal** | The journals for outgoing payments and (for direct debits) for incoming payments. → [Payment journal](../payment-journal.mdx), [SEPA direct debit in the cash receipt journal](../cash-receipt-journal.mdx) |
| **Payment Reconciliation Journal** | The journal in which bank transactions arrive, are applied and posted. → [Payment reconciliation journal](../bank-reconciliation/journal.mdx) |
| **Payment service provider** | Providers such as PayPal, Stripe or Adyen that receive your customers' payments and pay them out to you. → [Payment service providers](../payment-services.mdx) |
| **Payment Status** | State of a line in the payment journal or cash receipt journal: *Open*, *Pending*, *Rejected* or *Completed*. → [Carry out payment](../bank-payment/carry-out-payment.mdx) |
| **Pending Entry** | Transactions your bank has announced but not yet booked. For information only. → [Pending bank entries](../bank-reconciliation/pending-entries.mdx) |
| **Personal Bank Access** | The bank access of a single person, when the bank issues personal online banking credentials. → [Use with my own bank login](../connections/psd2/personal-bank-access.mdx) |
| **Preliminary Entries** | Memo entries for a payment applied to a sales document that is not posted yet. → [Application with open sales documents](../payment-application-open-orders.mdx) |
| **Prenotification** | Notice to the payer before a SEPA direct debit. → [Prenotification](../direct-debit/prenotification.mdx) |
| **PSD2 / XS2A** | The European Payment Services Directive and its "Access to Account" interface, through which finAPI reads your accounts and initiates payments. → [PSD2/XS2A via finAPI](../connections/psd2/index.mdx) |

## Q–Z

| Term | Meaning |
|---|---|
| **Quick Apply** | Fast application using only unambiguous matches such as reconciliation rules or transaction IDs. → [Apply bank transactions](../bank-reconciliation/apply.mdx) |
| **Reconciliation Rule** | A rule that automatically assigns a recurring bank transaction to an account and builds the posting text. → [Reconciliation rules](../bank-reconciliation-rules.mdx) |
| **Remittance Advice** | Notice listing the documents a payment settles: to your vendors as PDF or REMADV, from your customers as REMADV. → [Remittance advice](../bank-payment/remittance-advice.mdx), [Remittance advices (REMADV)](../remittance-advice/index.mdx) |
| **Retrieve Transactions From** | Field on the bank account card (hidden by default): the date from which transactions are retrieved. Set once and not moved automatically afterwards. → [Combine banking services](../connections/mixed-operation.mdx) |
| **Returned Direct Debit** | A direct debit returned by the payer's bank. → [Process returned direct debits](../bank-reconciliation/returned-direct-debit.mdx) |
| **SEPA Payment Import** | Where you check, approve and carry out a ready-made pain.001 file (for example from payroll) without posting it. → [SEPA payment import](../sepa-payment-import.mdx) |
| **Transaction Fingerprint** | A characteristic built from bank account, booking date, amount and counterparty IBAN, by which Business Central recognizes an existing transaction for *Bank Account (camt File Import)* and *Universal*, even if it previously arrived through another service. For finAPI, EBICS and payment service providers, only the transaction ID counts. → [Retrieve bank transactions](../bank-reconciliation/retrieve-transactions.mdx) |
| **Verification of Payee (VoP)** | Check whether a payee's name and IBAN belong together. → [Verification of payee](../bank-payment-vop.mdx) |