Glossary

What it is

In general, a US bank-to-bank payment network used for domestic transfers such as payroll, bill payments, and account transfers. ACH transactions are batch-processed (not real-time), with settlement typically taking 1-2 business days.

Cybrid implements same day ACH which means an ACH bank transfer that’s submitted, processed, and settled on the same business day (instead of the usual 1–2 business days), as long as it’s sent before the network’s cutoff times.

Common uses

• Payroll direct deposit
• Bill payments
• Bank account transfers

What it is

• Action: A company pulls funds from a customer's bank account.
• Initiator: The merchant or payee initiates the transaction.
• Authorization: Requires explicit customer authorization.

Common uses

• Subscription payments
• Utility bills
• Mortgage payments
• Bank-linked online purchases

What it is

• Action: A sender pushes funds into another bank account.
• Initiator: The payer sends the funds.
• Authorization: The payer authorizes the payment.

Common uses

• Payroll direct deposit
• Vendor payments
• Tax refunds

What it is

Canada's bank-to-bank transfer system, similar to ACH in the United States.

Common uses

• Payroll
• Bill payments
• Interbank transfers

What it is

A US payment rail that enables instant money movement 24/7/365. Payments are final and irreversible once completed.

Common uses

• Instant payouts
• Emergency or time-sensitive payments
• On-demand disbursements

What it is

A cross-border transfer of funds, typically involving currency conversion and local payment rails.

Common uses

• International money transfers
• Cross-border payouts
• Supporting family members abroad

What it is

The process of moving money from one country back to another, often subject to regulatory or tax restrictions.

Common uses

• Moving foreign earnings back to a home country
• Returning investment proceeds
• Cross-border business settlements

What it is

A failure that occurs when an account does not have enough balance to complete a transaction.

Common impacts

• Failed payments
• Returned transactions
• Additional bank fees

What it is

An entity that advances funds before underlying transactions fully settle, enabling faster access to money.

Common uses

• Accelerating payouts
• Improving user cash flow
• Managing settlement delays

What it is

A unique tracking number assigned to each wire payment, used to trace, investigate, and reconcile wire transfers. An IMAD typically combines a date (YYYYMMDD), a source identifier (8 alphanumeric characters), and a sequence number (6 digits).

Example format

YYYYMMDD ABCDXXXX 012345

IMAD/OMAD pairing

• Sending bank assigns the OMAD
• Receiving bank records the IMAD

What it is

A unique identifier assigned by the Federal Reserve to a Fedwire Funds Service outgoing payment message. OMAD is generated by the sending institution's Fedwire system and is used to track, reconcile, and audit outbound wire transfers. It pairs with an IMAD on the receiving side to uniquely identify a wire transaction end-to-end.

Common uses

• Wire tracking: locate or confirm a specific outgoing Fedwire payment
• Reconciliation: match outbound wires with settlement and ledger entries
• Investigations and recalls: resolve payment errors or disputes
• Audit and compliance: prove message origination and uniqueness

IMAD/OMAD pairing

• Sending bank assigns the OMAD
• Receiving bank records the IMAD

What it is

The movement of funds between accounts, either within the Cybrid platform or to external accounts.

What it is

A zero-cost internal transfer that moves funds between accounts on the Cybrid platform. Book transfers settle instantly and support bank-to-customer and customer-to-customer movements.

What it is

A transfer that moves fiat currency into or out of a customer account via a Plaid-connected external bank account, triggering an ACH or EFT transaction on the underlying payment rail.

What it is

An on-chain transfer of cryptocurrency to an external wallet (withdrawal) or from an on-chain deposit address (deposit). Crypto transfers incur network fees and require blockchain confirmations.

What it is

The process of converting fiat currency into cryptocurrency or depositing fiat onto the Cybrid platform. On-ramping typically involves a funding transfer followed by a trade.

What it is

The process of converting cryptocurrency back to fiat currency or withdrawing fiat from the Cybrid platform to an external bank account.

What it is

The process by which a transfer or trade is finalized and funds become available. Settlement timelines vary by payment rail: instant for RTP and book transfers, hours for same-day ACH and wire, and 1-2 business days for standard ACH and EFT.

What it is

The underlying payment network used to move funds in a transfer. Cybrid supports multiple rails including ach, eft, rtp, wire, and etransfer, each with different settlement speeds and availability windows. Lightning Network transfers use the lightning transfer_type rather than a payment_rail parameter.

What it is

The act of holding customer or partner funds or assets on their behalf, rather than merely facilitating money movement.

Common uses

• Holding customer balances
• Safeguarding assets
• Supporting regulated financial services

What it is

An account structure where funds are held for the benefit of customers or partners, not owned by the platform itself.

Common uses

• Platform wallets
• Pooled customer accounts
• Regulated fund segregation

What it is

An Indian bank account for Non-Resident Indians (NRIs) to hold income earned outside India.

Common uses

• Receiving overseas income
• Repatriating funds to India
• International remittances

What it is

An Indian bank account for NRIs to manage income earned inside India, such as rent or pensions.

Common uses

• Managing local income
• Paying expenses in India
• Receiving dividends or pensions

What it is

An organizational unit within Cybrid associated with financial services, including customer accounts and transactions. Banks can exist in sandbox or production environments.

What it is

A credit-only, routable bank account created on the Cybrid platform and linked to a fiat platform account. It accepts third-party Wire, ACH push, or RTP/FedNow transfers and does not hold funds directly—balances are reflected in the linked fiat platform account.

What it is

A bank account external to the Cybrid platform, linked via Plaid for transactions such as deposits and withdrawals.

What it is

A platform account that holds traditional fiat currencies such as USD or CAD. Fiat accounts are required for funding deposits, trading operations, and fiat withdrawals. Created with type: fiat.

What it is

A platform account that holds cryptocurrencies for trading operations. Each trading account is associated with a single crypto asset (such as BTC or USDC). Trades are executed using trading symbols (such as BTC-USD) that are configured for that asset. Created with type: trading.

What it is

A platform account that holds cryptocurrencies on-chain in cold storage rather than in the trading system. Storage accounts are used for long-term holding with a third-party cold storage provider. Created with type: storage.

What it is

Traditional government-issued legal tender not backed by a physical commodity.

Examples

USD, CAD, INR

Common uses

• Everyday transactions
• Savings and salaries
• Government payments

What it is

The official currency of India.

Common uses

• Domestic transactions in India
• Salaries and expenses
• Local banking accounts

What it is

A USD-pegged stablecoin used for fast settlement and liquidity.

Common uses

• Cross-border settlements
• On-chain payments
• Liquidity management

What it is

A fiat currency (such as USD or CAD), cryptocurrency (such as BTC or ETH), or stablecoin (such as USDC) that can be held in an account or traded on the Cybrid platform.

What it is

A unique address used to receive cryptocurrency deposits into an account on the Cybrid platform.

What it is

A cryptocurrency wallet external to the Cybrid platform, linked for transactions or custody purposes.

What it is

A payment protocol for fast, scalable Bitcoin transactions.

Common uses

• Instant payments
• Microtransactions

What it is

A pairing used in trading that represents two assets, such as USDC-USD, where USDC is the base asset and USD is the counter asset.

What it is

A transaction involving the exchange of one asset for another, such as buying or selling cryptocurrency.

What it is

A digital or physical device for securely storing and transacting cryptocurrency.

What it is

Verified data that has been certified by a trusted third party to confirm accuracy or compliance.

Common uses

• Identity verification
• Business verification
• Compliance confirmation

What it is

A regulatory process for verifying the identity of individual customers before providing financial services.

Common uses

• Customer onboarding
• Fraud prevention
• Regulatory compliance

What it is

A regulatory process for verifying business entities, including ownership and control structures.

Common uses

• Merchant onboarding
• Partner due diligence
• Regulatory compliance

What it is

The process of confirming that a person or business is who they claim to be.

Common uses

• Account creation
• Transaction approval
• Risk mitigation

What it is

A Canadian regulatory report required for large virtual currency transactions.

Common uses

• Regulatory reporting
• AML compliance

What it is

A Canadian law regulating payment service providers (PSPs).

Why it exists

• Safeguard customer funds
• Manage operational risk
• Enforce reporting obligations

What it is

The organization that governs and enforces the rules for ACH transactions in the United States.

Common responsibilities

• Rulemaking
• Network governance
• Enforcement actions

What it is

Personal data collected and validated during identity verification (KYC/KYB). PII includes name, date of birth, address, phone number, email address, and government-issued identification numbers such as SSN or SIN. Accessing PII through the API requires specific read scopes.

What it is

A set of regulations and screening processes designed to prevent the use of financial systems for money laundering and terrorism financing.

Common checks

• Politically Exposed Person (PEP) screening
• Watchlist and sanctions screening
• Adverse media screening

What it is

A more rigorous identity verification process required for customers who want higher activity limits. EDD includes documentation of Source of Funds (SoF) and Source of Wealth (SoW) to support larger transactions.

What it is

An individual who owns or controls a significant share (usually 25% or more) of a business. During KYB (Know Your Business) verification, each UBO must complete individual KYC before the business verification can proceed.

What it is

A global set of accounting standards governing financial reporting.

Common uses

• Preparing financial statements
• Cross-border reporting
• Regulatory disclosures

What it is

A unit of measurement equal to one hundredth of a percent.

Common uses

• Interest rate changes
• Fee comparisons
• Margin analysis

What it is

A security and compliance audit framework for managing customer data.

Common uses

• Vendor due diligence
• Customer trust assurance
• Security compliance

What it is

An authorized security exercise to identify system vulnerabilities.

Common uses

• Security assessments
• Risk mitigation
• Compliance validation

What it is

An access token used in OAuth 2.0 authentication to verify and grant access to resources.

What it is

The authorization framework used by the Cybrid platform for API authentication. Cybrid uses the Client Credentials Grant flow, where a Client ID and Client Secret are exchanged for a bearer token.

What it is

An API key pair generated in the Partner Portal for machine-to-machine authentication. The Client ID identifies the application, and the Client Secret is the private key used to obtain bearer tokens via OAuth 2.0.

What it is

Authorization permissions that control what actions an API token can perform. Cybrid defines three scope types per resource: read (list and view), write (update), and execute (create).

What it is

An access token scoped to the entire Organization and all of its banks. Organization tokens are used for organization-level operations such as managing webhook subscriptions.

What it is

An access token scoped to a specific bank. Bank tokens are used for bank-level API operations such as creating customers, managing accounts, and executing trades.

What it is

An access token scoped to a specific customer within a bank. Customer tokens provide least-privilege access for client-side operations, such as launching identity verification or viewing account balances.

What it is

An individual or business entity that interacts with the Cybrid platform via a bank. Customers must pass identity verification (KYC/KYB) before using the platform.

What it is

A representation of an individual or business external to the Cybrid platform. Counterparties may be involved in transactions but do not directly use Cybrid's services.

What it is

A predefined response indicating an issue encountered during API operations, such as invalid parameters, unsupported values, or insufficient permissions.

What it is

A mechanism for real-time notifications from the Cybrid platform to an external application about specific events, such as account updates or trade settlement.

What it is

A predefined sequence of actions automated by the Cybrid platform to facilitate complex processes such as customer onboarding or trade settlement.

What it is

A unique identifier assigned to every resource on the Cybrid platform, such as customer_guid, bank_guid, quote_guid, and transfer_guid. GUIDs are used across all API requests and responses to reference specific resources.

What it is

The root entity on the Cybrid platform under which all banks are created. Webhooks, API keys, and organization-level access tokens are managed at this level.

What it is

A business entity that integrates with the Cybrid platform to offer financial services to their customers. Partners manage one or more banks and access the platform through the Partner Portal and API.

What it is

A web-based dashboard for managing your integration with the Cybrid platform.

Common uses

• Generating and managing API keys
• Configuring bank settings and supported assets
• Viewing customer records and identity verifications
• Monitoring trades, transfers, and webhook subscriptions

What it is

A secure, non-production environment for exploring the Cybrid API and Partner Portal with simulated activities. Sandbox banks use blockchain testnets and do not process real funds.

What it is

The live environment on the Cybrid platform where real funds are processed, real compliance checks are performed, and transactions settle on blockchain mainnets. Production banks can only be created by the Cybrid team.

What it is

A time-limited pricing offer for a trade, transfer, or book transfer. Quotes include the exchange rate, fees, and amounts. They must be executed before they expire (30 seconds in sandbox, 7 seconds in production).

What it is

A virtual account on the Cybrid platform for holding fiat currencies or cryptocurrencies. Accounts are created for customers or banks and come in several types: fiat, trading, storage, and invoice_operations.

What it is

A third-party service used on the Cybrid platform to connect customer bank accounts. Plaid enables secure bank account linking, balance verification, and fund transfers via ACH or EFT.

What it is

A third-party identity verification provider used by the Cybrid platform. Persona drives KYC and KYB verification flows through its SDK, including document capture, selfie checks, and compliance screening.

What it is

A physical mailing address used to verify a Contact, or a blockchain address that receives stablecoin deposits to a Wallet. The B2B Payments App uses the same term for both — pick the meaning from context.

Common uses

• Verify a Contact's identity during onboarding
• Receive stablecoin deposits at a Wallet

What it is

The current amount of money or stablecoin held in an Account. Displayed on the Accounts page and on the Home dashboard. Balances refresh on page load.

What it is

A Conversion direction: use Cash to acquire a stablecoin. The opposite of Sell. Initiated from the Accounts page conversion panel.

What it is

The B2B Payments App label for an Account that holds fiat currency such as USD or CAD. Listed under Balances on the Accounts page. Corresponds to a fiat Account on the underlying platform.

What it is

An 18-digit Mexican bank identifier (Clave Bancaria Estandarizada) that combines bank, branch, and account number into a single value. Required when adding a Mexican Peso (MXN) bank account on a Contact. Replaces the standard account number for the SPEI rail.

What it is

A person or business you can send money to from the B2B Payments App. Each Contact stores identity details — name, address, and optional country-specific identifiers — and one or more payment methods. Managed from Sidebar → Send.

Common uses

• Send a payment to a verified recipient
• Store multiple payment methods (bank account, stablecoin wallet) under one recipient

What it is

An exchange between two currencies in the same workspace — for example, USD to USDC. Conversions are initiated from the Accounts page and appear on the Conversions tab of Transactions. Conversion is the B2B Payments App surface for a platform-level Trade.

What it is

A synonym for the Home page in the B2B Payments App — the first screen after sign-in, showing balances, Quick Actions, and the Recent Transactions panel.

What it is

A Contact verification status indicating that the identity check did not match the provided name and address. A Declined Contact cannot receive payments. To retry, add a new Contact with corrected details — existing Contacts cannot be edited.

What it is

The B2B Payments App landing page reached from Sidebar → Home. Shows balances for every Account, three Quick Action buttons, and the Recent Transactions panel.

What it is

An 11-character Indian Financial System Code that identifies a bank branch for NEFT and RTGS transfers. INR payouts are not currently available in the B2B Payments App. See B2B App Payout Corridors.

What it is

One of the two Contact Types in the B2B Payments App. Represents a person, as opposed to a Business. Individual Contacts capture First Name, Middle Name (optional), and Last Name.

What it is

A Canadian email-based real-time transfer rail. Available as a payment method for CAD bank account Contacts in the B2B Payments App.

What it is

Liquidación Bruta en Tiempo Real — the Dominican Republic real-time gross settlement rail. Used for DOP payouts in the B2B Payments App. Requires the Contact's Cédula (individual) or RNC (business) and an Account Type (Checking or Savings).

What it is

The blockchain a stablecoin Wallet address is on, such as Ethereum or Solana. When sending or receiving stablecoins, the asset and the network must match. Sending on the wrong network can result in lost funds.

What it is

Nigerian Inter-Bank Settlement (also known as NIP) — the Nigerian real-time domestic transfer rail. NGN payouts are not currently available in the B2B Payments App. See B2B App Payout Corridors.

What it is

The destination where money is sent on a Contact — either a bank account or a stablecoin Wallet. Each Contact can hold multiple payment methods; pick one when sending. Add payment methods during Contact creation or later on a Verified Contact.

What it is

A transaction status indicating the transaction is in flight but not yet settled. Refresh the Transactions page to see status changes.

What it is

A Contact status indicating that the identity check is still running. Most Contacts complete verification in under a minute. The Send Payment action is disabled until the Contact reaches Verified.

What it is

A brief Contact status that appears while the B2B Payments App saves a new Contact — typically a few seconds, before transitioning to Pending Verification.

What it is

Pagos Seguros en Línea — the Colombian payment rail used for COP payouts in the B2B Payments App. Requires the Contact's Email Address, an Identification Number (Passport or Cédula de Ciudadanía for individuals; NIT for businesses), and an Account Type (Checking or Savings).

What it is

A required dropdown on Send flows for corridors that mandate it. Indicates the reason for the payment — for example, Salary Payment, Family Support, or Bill Payment. The destination network uses this value for regulatory reporting.

What it is

The sidebar link in the B2B Payments App that opens deposit details for each Account — bank deposit instructions on the Bank Accounts tab and stablecoin wallet addresses on the Wallets tab. Share these details with the sender.

What it is

The direction label applied to inbound payments on the Transactions page. The Amount column shows a + sign for Received rows.

What it is

A unique identifier that must appear in the memo of an inbound bank transfer to route the deposit to the correct Account. Without it, the bank may not be able to credit the deposit. Visible on the Receive → Bank Accounts tab.

What it is

A synonym for the Declined status in the B2B Payments App. The user interface uses Declined for Contact verification outcomes.

What it is

The label that appears in the Contact column on transactions that did not involve another party — for example, a Conversion or a self-deposit.

What it is

A Conversion direction: exchange a stablecoin for Cash. The opposite of Buy. Initiated from the Accounts page conversion panel.

What it is

The sidebar link in the B2B Payments App that opens the Contacts list and starts a payment flow. Also the direction label on outbound transactions.

What it is

The direction label applied to outbound payments on the Transactions page. The Amount column shows a - sign for Sent rows.

What it is

A transaction status indicating the transaction is moving through the payment network. A normal step between Pending and Completed.

What it is

Sistema de Pagos Electrónicos Interbancarios — the Mexican real-time inter-bank rail. Used for MXN payouts in the B2B Payments App. Requires a CLABE in place of a standard account number.

What it is

A cryptocurrency designed to track the value of a fiat currency, typically the US dollar. USDC and USDT are common examples. Held in Wallet accounts in the B2B Payments App.

What it is

The current lifecycle state of a Contact or a transaction in the B2B Payments App. Contact statuses: Processing, Pending Verification, Verified, Declined. Transaction statuses: Pending, Settling, Completed, Failed, Cancelled, On Hold, Under Review.

What it is

The international bank identifier used for cross-border payments. Required for DOP bank account Contacts on the LBTR rail in the B2B Payments App.

What it is

A short identifier required by certain blockchain networks alongside the wallet address. Most stablecoin networks do not use tags — leave the field blank unless the recipient specifies one. Required for some networks such as XRP and Stellar.

What it is

Any movement of money or stablecoin in a workspace — a Send, a Receive, or a Conversion. All transactions are listed on the Transactions page. The B2B Payments App uses Transaction as a superset term covering both platform-level Transfers and Trades.

What it is

A unique identifier for a specific transaction. Copy it from the Copy ID control on the transaction's detail panel. Share it with support when asking about a specific transaction.

What it is

A transaction status indicating the support team is reviewing the transaction. Contact the platform administrator if the transaction stays in this state for an extended period.

What it is

A control on the Receive page that reveals a masked field, typically an account number. Routing numbers and wallet addresses are never masked.

What it is

A Contact status indicating the identity check passed. Payments can only be sent to a Verified Contact. Verification is per-Contact and persists across payments — no re-verification on subsequent sends.

What it is

The unique blockchain string that identifies a stablecoin wallet. Always copy and paste — never type. Wallet addresses are case-sensitive, and a typo can result in lost funds.

What it is

An international bank wire transfer rail. Faster than ACH but more expensive. Available as a payment rail for USD bank account Contacts in the B2B Payments App.

What it is

The top-level container in the B2B Payments App that holds your Accounts, Contacts, and transactions. Each workspace is fully isolated from other workspaces. The workspace picker appears at sign-in when a user belongs to more than one.