vocabulary:
  provider: Wells Fargo
  description: >-
    Vocabulary for Wells Fargo, a diversified financial services company providing
    commercial banking, treasury management, and open banking APIs. Covers
    payments, account management, ACH, wire transfer, real-time payments, and
    treasury management terminology.
  tags:
    - Banking
    - Financial Services
    - Payments
    - Treasury Management
    - Open Banking
    - Commercial Banking

  domains:
    - name: Accounts and Banking
      terms:
        - term: Account ID
          definition: Wells Fargo's internal identifier for a commercial banking account.
        - term: Ledger Balance
          definition: Total balance in an account including all posted transactions, regardless of holds.
        - term: Available Balance
          definition: Funds immediately available for use after accounting for holds and pending transactions.
        - term: Intraday Position
          definition: Real-time account balance updated throughout the business day as transactions are processed.
        - term: DDA (Demand Deposit Account)
          definition: Checking account from which funds can be withdrawn at any time.
        - term: Money Market Account
          definition: Interest-bearing account with limited transaction capabilities.

    - name: Payments and Payment Rails
      terms:
        - term: ACH (Automated Clearing House)
          definition: Electronic network for financial transactions including direct deposits, bill payments, and business-to-business payments.
        - term: Same-Day ACH
          definition: ACH payment processing within the same business day, settling in the afternoon or evening batch.
        - term: Wire Transfer
          definition: Electronic transfer of funds via the Fedwire network for high-value, same-day settlement.
        - term: RTP (Real-Time Payments)
          definition: The Clearing House Real-Time Payments network enabling instant 24/7/365 payment settlement.
        - term: FedNow
          definition: Federal Reserve's instant payment service for 24/7 real-time payment and settlement.
        - term: Intelligent Routing
          definition: Wells Fargo's automatic selection of the optimal payment rail (RTP, FedNow, ACH) for each transaction.
        - term: Gateway API
          definition: Wells Fargo's open banking API platform handling over 1.5 billion API calls annually for commercial customers.
        - term: Push to Card
          definition: Real-time payment method that pushes funds to a debit card via Visa Direct or Mastercard Send.
        - term: Zelle
          definition: P2P and business payment service integrated with Wells Fargo for instant transfers to other bank accounts.

    - name: ACH Specifics
      terms:
        - term: NACHA
          definition: National Automated Clearing House Association - governing body for the ACH network in the US.
        - term: CCD (Corporate Credit or Debit)
          definition: NACHA transaction code for single corporate ACH payments.
        - term: PPD (Prearranged Payment and Deposit)
          definition: NACHA transaction code for consumer ACH credits and debits.
        - term: CTX (Corporate Trade Exchange)
          definition: NACHA transaction code for corporate payments with multiple addenda records.
        - term: WEB (Internet-Initiated Entry)
          definition: NACHA transaction code for consumer debit transactions authorized via the internet.
        - term: Trace Number
          definition: 15-digit NACHA identifier assigned to each ACH entry for tracking and reconciliation.
        - term: ACH Return
          definition: Reversal of an ACH transaction by the receiving bank due to incorrect account info, insufficient funds, or other reasons.
        - term: NOC (Notification of Change)
          definition: ACH notification sent when account or routing information for a transaction needs to be updated.
        - term: Prenote
          definition: Zero-dollar ACH test transaction sent before a live payment to verify account details.
        - term: Effective Date
          definition: Requested ACH settlement date specified by the originator.

    - name: Treasury Management
      terms:
        - term: Treasury Management
          definition: Suite of financial services helping businesses manage cash flow, payments, and liquidity.
        - term: Payables
          definition: Outbound payment processing including ACH, wire, and check payments to vendors and suppliers.
        - term: Receivables
          definition: Collection of inbound payments from customers through ACH debits and other payment methods.
        - term: Positive Pay
          definition: Fraud prevention service matching issued checks or ACH transactions against expected payments.
        - term: Previous Day Reporting
          definition: Account balance and transaction report reflecting all activity posted as of prior business day.
        - term: Intraday Reporting
          definition: Real-time balance and transaction reporting updated continuously throughout the business day.
        - term: Balance Reporting
          definition: Service providing current, available, and collected balance information for accounts.
        - term: Multibank Reporting
          definition: Consolidated reporting across accounts at multiple financial institutions.

    - name: Developer and API
      terms:
        - term: OAuth 2.0
          definition: Authorization framework used by Wells Fargo APIs for secure client authentication.
        - term: Client Credentials
          definition: OAuth 2.0 flow used by Wells Fargo APIs for machine-to-machine authentication without user interaction.
        - term: Sandbox Environment
          definition: Test environment at Wells Fargo Developer Portal for integrating and testing APIs before production.
        - term: Webhook
          definition: HTTP callback notifying integrated systems of payment events such as settlement or return.