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Glossary

TERM
DESCRIPTION
Booked Amount Amount received by WUBS that has been allocated to the pledge (applies to all payment types excluding DCC and MCP where Partner/Client is MOR).
Client / Partner This is the entity that WUBS has a business relationship with, also the entity that WUBS undertakes to fulfil orders.
DCC Dynamic Currency Conversion credit and debit card payments
GP 2.0 This is WUBS' core transactional engine that Partner/Client will interface with to receive notifications of status changes.
GPFS GlobalPay for Students. This is the Education off-shoot of GP2.0 and it contains a Buyer Portal. This portal is used to lodge quoted incoming orders.
GPX GlobalPay for Exporters. This is a type of GP2.0 for export users. It contains a Buyer Portal This portal is used to lodge quoted incoming orders.
MCP Multi-Currency Processing credit and debit card payments
MOR Merchant of Record
Offline Bank Transfer Student completes payment independent of GPFS. First notification of payment authorisation is when funds settle into WUBS bank account
Online Bank Transfer Student completes payment flow from GPFS. WUBS will receive near real-time notification of payment authorisation.
PSP A Payment Service Provider.
RTCB Real-Time Call Backs
Settlement Date For card payments settlement date means the date that payment has been marked for collection. For all other payment types, settlement date means WUBS has processed the payment to the Partner/Client.
Velocity Template A template programming language that allows converting GPFS data into a representation client or partner system API can understand.