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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.