Monthly Archives: June 2019

Glossary of Common U. S. Electronic Payments and Merchant Services Terms

A ACH transaction: Either a direct deposit or direct payment transaction processed via the Automated Clearing House (ACH).  A direct deposit is the deposit of funds for payroll, employee expense reimbursement, government benefits, tax and other refunds, and annuities and … Continue reading

Posted in Fraud prevention, Glossary | Leave a comment