-
ACH Credit
An ACH credit occurs when the receiver’s account is credited.
Learn More
Chargeback (Card Processing)
A chargeback is a transaction that is returned by the card issuer to a merchant’s acquirer bank because of a dispute, processing or point-of-sale error, or fraudulent transaction.
Related Terms
-
TEL (Telephone Initiated Entries)
A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over...
Learn More