Glossary

An escrow account is a temporary financial account managed by a neutral third party that holds funds securely during a transaction between two or more parties.

An escrow agent is the neutral third party - either an individual, company, or financial institution - responsible for holding and managing funds in an escrow account throughout a transaction.

An escrow bank is a financial institution that provides escrow account services and physically holds the funds during escrow transactions.

An escrow company is a business that specializes in providing escrow services - holding and distributing funds between parties in a transaction.

An escrow deposit is the initial funds placed into an escrow account by one party to secure a transaction.

An escrow payment is a payment released from an escrow account to a specific recipient once all agreed-upon conditions have been fulfilled.

Learn how escrow services protect buyers and sellers by securely holding funds, managing conditions, and ensuring safe, compliant financial transactions across industries.

Escrow software automates fund tracking, compliance workflows, and reconciliation. Learn the key capabilities and industries that rely on escrow technology.

Learn how Ledger as a Service enables businesses to track financial activity across accounts using hosted, compliant, and scalable ledger infrastructure.

A debt settlement CRM manages client communication, account tracking, compliance, and settlement workflows built for regulatory-heavy environments.

Explore how debt settlement software handles ACH debits, client payment schedules, reconciliation, and regulatory reporting.

EaaS platforms offer API-driven escrow capabilities, enabling SaaS companies to automate fund flows, compliance, and reconciliation without in-house infrastructure.

Marketplace escrow protects both buyers and sellers by holding funds until goods or services are delivered, reducing fraud and chargebacks.

Online escrow services protect remote transactions by verifying goods or services, holding funds securely, and providing dispute resolution.

Third-party escrow providers act neutrally between buyer and seller, ensuring transparent and compliant fund handling.

Understand how ACH settlement groups transactions, processes them in batches, and transfers funds through the Federal Reserve network.

FBO accounts temporarily hold funds during financial processing, enabling compliance checks, fraud monitoring, and secure settlement.

Learn how interchange fees work across issuing banks, networks, and acquirers, and how card transactions get authorized and settled.

Understand how KYC and KYB processes verify individuals and businesses using government databases, AML checks, and risk scoring.

A ledger system tracks transactions across multiple layers—federal, bank, and customer—to ensure accuracy, compliance, and auditability.

Learn how money movement services transport funds securely between institutions using ACH, wire, card, and ledger-based systems.

Learn the essential regulations, risks, and compliance requirements for money transfer businesses. Hudson Technology Systems explains KYC, AML, licensing standards, and best practices to ensure secure, compliant money transfer operations.

Understand the difference between ODFIs and RDFIs in ACH payment processing. Learn how each institution functions, their responsibilities, risk considerations, and why both play a critical role in secure, compliant ACH transactions.

A reconciliation platform automates the matching of financial transactions to improve accuracy, compliance, and operational efficiency. Learn how reconciliation systems work, key features to look for, and why they’re essential for modern finance teams.

Treasury management services help businesses optimize cash flow, manage liquidity, reduce financial risk, and streamline payments. Learn how these services work, key capabilities, and why they are essential for efficient financial operations.

A wire transfer is an electronic method of sending money securely between banks or financial institutions. Learn how wire transfers work, processing times, fees, risks, and best practices for safe, compliant fund movement.