Category Archives: Glossary

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

Posted on June 11, 2019 by admin

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 →

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