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BOC (Back Office Conversion)
A BOC entry is a one time debit entry to the account of a receiver whom has, at the point of purchase, been notified that their check...
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ACH Credit
An ACH credit occurs when the receiver’s account is credited.
Related Terms
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Consumer Account
An account held at a development financial institution (DFI) which has been opened by a natural person and is used for personal needs.
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