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Glossary

Glossary

Tax representative information

Last modified on: 31/08/2022 22:43

is information which may appear in an invoice relating to an appointed tax representative acting on behalf of a trading party and which becomes engaged in the invoicing process for specific tax purposes.

Third-Party-Providers (TPP)

Last modified on: 31/08/2022 22:43

Provide services which are based on access to payment accounts provided by a PSP who is not the ‘account servicing’ PSP (ASPSP), in the form of payment initiation services and/or account information services. AISPs and PISPs are examples of TPPs for PSD2.

Three Corner Model

Last modified on: 31/08/2022 22:44

is an arrangement a where single service provider connects both the supplier and the buyer to its platform to offer e-invoicing and other supply chain services.

Three-way match

Last modified on: 31/08/2022 22:44

is a system for processing a supplier’s invoice that ensures a transaction is complete and correct. Matching takes place between the purchase order, the delivery note or other evidence of receipt, and the invoice itself. For the ‘business controls’ method of proving the authenticity and Integrity of an invoice a three-way match is often employed.

Timestamping

Last modified on: 31/08/2022 22:44

in computing timestamping refers to the use of an electronic timestamp to provide a temporal order among a set of events. Timestamping techniques are used in a variety of computing fields, from network management and computer security to concurrency control.

Total Invoice Management

Last modified on: 31/08/2022 22:44

is a service model where a service provider agrees to handle and deliver or collect all the invoices generated or received by a customer, regardless of their form and whether paper or electronic.

Trading party

Last modified on: 31/08/2022 22:45

is the buyer or seller in a commercial transaction.

Transmission

Last modified on: 31/08/2022 22:45

in e-invoicing is delivery (including sending and receiving), presentation, or the ‘making available’ of invoices in a timely and secure manner between trading parties and any third parties acting on their behalf.

Two Corner, Bilateral, or Direct Model

Last modified on: 31/08/2022 22:45

is an arrangement where invoice transmission takes place on a direct connection basis between the trading parties. The trading parties may use a third party service or solution provider or SaaS to provide the functionality.

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