| Word |
Definition |
| ACH Association |
An organization formed by financial institutions to regulate and support the exchange of electronic transactions among mem... |
| ACH Credit |
A transaction through the ACH network originated to pay a receiver (deposit fund... |
| Company Batch/Header Record |
The records(s) contained within an ACH file, which described the originators(s) of an ACH transaction... |
| Field |
One or more consecutive character positions within an ACH entry mapped to contain specific informatio... |
| Hash |
A mathematical calculation which creates a single number from critical fields in each transaction ent... |
| ACH Debit |
A transaction through the ACH network originated to remove funds from the receiver (withdrawal from a... |
| ACH Network |
The funds transfer system governed by the rules of the National ACH Association which provides for th... |
| Addenda Record |
An ACH record type that carries the supplemental data needed to completely identify an account holder... |
| Affidavit |
A sworn statement by a consumer declaring that a particular ACH transaction was authorized or that th... |
| Agreement |
A contract between an originating company and an ODFI that defines the operational and legal relation... |
