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Money Transfers Glossary

Account Number An account number is a unique identifier for a customers bank account. It's necessary when sending money to a bank account.
ACH This is a US-based electronic funds-transfer system that allows for both credit transfers and direct debits from the payer’s' account. Most of the transactions are processed on the same business day.
Airtime top-up An airtime top-up is a payment sent directly to a mobile phone to add credit to the phone for calls and other services.
ASIC ASIC is a regulatory body that monitors the activities of financial institutions in Australia.
Cash pickup A cash pickup is a payout method offered by online money transfer providers to enable receivers to collect their cash from designated physical locations.
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Artiom is a marketing graduate from the University of Portsmouth, Artiom’s primary experience is in SEO but he has a broad knowledge of all facets of digital marketing. He optimises the organic experience on MoneyTransfers.com with the content team, manages and creates unique marketing tactics, and generally supports the overall growth of the website.