People work in different domains and often associate terms with different meanings depending on their domain. This glossary defines what is meant by what in the context of the finX Playground.
- Account Owner
- Media Type
- Online Banking
- Direct Debits
- Standing Order
- Active Standing Orders
The account at a given bank, that is administrated by a person or company. It is accessed via Online Banking
Account owner is an entity where a person can connect multiple banks and/or sub-accounts of these banks. It can be created for a given consumer and can be populated using Online Banking account connection APIs.
Bank Identifier Code. See also ISO 9362
A person that owns accounts. Consumers are the ones who are being offered financial services.
International Bank Account Number. See also Wikipedia
The usage of banking with the help of electronic devices, such as PCs, smartphones and other ways.
An instruction to a bank to pay a particular amount of money at regular times from a person’s bank account to another bank account.
An instruction to your bank to allow someone else to take money from your account, usually as part of a regular arrangement.
Active Standing Orders
Standing orders, which are still active on the old bank account.
Movement of money on an account.