Learn #banking, #fintech and #payments jargon: Payment Message

By | June 28, 2021

Payment Message


A set of data transferred via an electronic mechanism representing the sender and receiver of the transaction and the amount to transfer, which enables the settlement of transactions between participants in a payment system.


In layman terms (not using the banking jargon) a payment message is an electronic representation of a payment.


This is a series of posts with definitions for the jargon used in #banking, #fintech and #payments.

Too many people use some terms without understanding them beyond the definition.

Too many “experts” use the terms but they never had experience with the actual implementation of anything in #banking, #fintech and #payments.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.