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RDFI (Receiving Depository Financial Institutions)
A financial institution qualified by the National Automated Clearing House Association (NACHA) to receive ACH transactions.
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ACH Credit
An ACH credit occurs when the receiver’s account is credited.
Related Terms
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UDAP (Unfair or Deceptive Acts or Practices)
Unfair or Deceptive Acts of Practices (UDAP) is a collection of rules for banking regulations, aiming to protect credit card users while adding to card-related disclosures.
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