X9 TR-43-2014 consists of a glossary of terms associated with business-to-business payment methods and payment remittance data that can be exchanged. Business-to-business payments represent the settlement of the buyer?s financial obligations for the seller?s provision of goods and services. Payment remittance data refers to information that explains what a payment is for and may accompany the payment or be provided separately. Remittance data maybe exchanged directly between a buyer and a seller and may be delivered by or flow through other entities or parties before reaching the ultimate user of the remittance data.
