Finance & Treasury Glossary of Terms
Here are some definitions for commonly used terms in the finance and treasury space. If you can’t find the definition you’re looking for here, feel free to contact us – we’re here to help!
Contact usIn-House Bank (IHB)
A treasury structure where the organisation acts as its own internal bank, managing intercompany payments, balances, and liquidity centrally without relying on external bank accounts for every transaction.
Interchange Fees
A small fee that businesses pay when customers use a debit or credit card. This fee goes to the customer’s bank as compensation for handling the transaction. It varies based on factors like transaction type, card provider, and the level of security involved. Businesses try to keep these fees low by optimising their payment processing methods.
Intercompany Netting
The process of offsetting payables and receivables between group entities to reduce external payment volumes, lower banking costs, and improve working capital efficiency.
Internal payment fraud
Fraud involving the deliberate misuse or manipulation of payment processes by employees or trusted internal parties.
Intraday Liquidity Visibility
Insight into cash positions at multiple times during the business day, enabling treasury and finance teams to manage funding requirements and settlement obligations proactively.
ISO 20022
A global standard for electronic financial messaging that improves interoperability and data quality in payment processing.
ISO-Native Payments
Payments created, validated, and processed using ISO 20022 messaging standards as the native format.
Get a demo
Request a demo with our team and discuss how we can make the platform work for you, with a custom package tailored to your needs.
Explore the platform
Don’t want to commit to a call with us just yet? Explore our platform showcase which highlights the key features of the platform.
Explore pricing options
Pricing packages available for all businesses small and large – find a pricing option that will suit your requirements.
Our accreditations
