AAP
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AAP Flashcards A company or individual that has been authorized by the Receiver to initiate either a credit or debit ACH entry to their account. - Originator A financial institution that receives payment instructions from Originators and forwards the entr
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AAP Flashcards
A company or individual that has been authorized by the Receiver to initiate either a
credit or debit ACH entry to their account. - Originator
A financial institution that receives payment instructions from Originators and forwards
the entries to the ACH Operator. - Originating Depository Financial Institution (ODFI)
ACH Payment Transaction are accumulated throughout the day, sent to the ACH
Operator, sorted by destination, and transmitted in groups at specified times. - Bat...
Exam (elaborations)
AAP Flashcards A company or individual that has been authorized by the Receiver to initiate either a credit or debit ACH entry to their account. - Originator A financial institution that receives payment instructions from Originators and forwards the entr
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AAP Flashcards A company or individual that has been authorized by the Receiver to initiate either a credit or debit ACH entry to their account. - Originator A financial institution that receives payment instructions from Originators and forwards the entries to the ACH Operator. - Originating Depository Financial Institution (ODFI) ACH Payment Transaction are accumulated throughout the day, sent to the ACH Operator, sorted by destination, and transmitted in groups at specified times. - Bat...
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