Glossary

🗃️ Batch
A group of bills bundled together to be paid in a single transaction. Speeds up processing and saves gas/network fees.

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🔒 Whitelisting
A security feature that ensures payments can only be sent to approved vendor addresses. Prevents accidental or malicious transfers.

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🕵️ KYT (Know Your Transaction)
A compliance check that scans wallet addresses for risk flags such as sanctions, illicit activity, or abnormal behavior.

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🏢 ERP (Enterprise Resource Planning)
Your company’s financial system of record (e.g., NetSuite, QuickBooks). Bitwave syncs metadata directly with ERP platforms.

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🏬 Subsidiary
A legal or logical business unit (e.g., “US Sales”, “EMEA OpCo”) under which wallets, bills, and approvals are segmented.

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🧭 Pathfinding
An internal algorithm that automatically selects the most cost-efficient wallet and network combination for payment.

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🦊 Metamask
A popular self-custodial browser wallet used for signing and sending transactions—supported by Bitwave for Base and Ethereum.

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🏦 Custodian
A third-party wallet management platform (e.g., Coinbase Prime) used by institutions for secure storage and structured approvals.

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📜 Smart Contract
An on-chain program deployed to perform automated tasks such as batching payments, validating addresses, and enforcing whitelists.

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🏷️ Pre-Categorization
The process of auto-tagging payment metadata (e.g., bill type, vendor, subsidiary) before syncing with the ERP for streamlined reconciliation.

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💡 Penny Test
A micro-transaction used to verify a vendor’s wallet address before it can be added to the whitelist. Confirms wallet ownership.

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📨 Remittance Info
A message or metadata sent alongside a payment—includes invoice numbers, notes, or contact details for the vendor.