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RCK (Re-presented Check)
An additional presentment of an eligible returned paper check through the ACH network.
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Basis Points
Basis Points is a financial term that describes one one-hundreth of a percent (1 basis point = .0001 or .01%). Normally, the addition of basis points for bundling in extra fees will take place through sales management or pricing.
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Single Entry
A one-time transfer of funds.
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