BusinessAugust 17, 2026

accounter

uh-COUNT-er

Definition

A system or method involving direct transfers between bank accounts, rather than through a card network or other intermediary.

Etymology

Derived from the Middle English 'acount', originating from the Old French 'aconter' meaning to reckon or calculate. The suffix '-er' is added to denote the tool or system that performs this specific function.

In the news

The CEO uses the term to describe his company's payment systems that facilitate direct transfers between bank accounts, which serve as an alternative to traditional credit card transactions.

Mastercard CEO: Cybersecurity Is Our Fastest-Growing Business

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The Motley Fool

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