ARC (Accounts Receivable Entry)

An ARC entry is a one time debit entry to the account of a receiver whom has previously been notified that their check (source document) will be converted into a single entry ACH transaction. The receiver must provide the source document to the originator via a drop box location or through the U.S. mail.

Related Terms

  • 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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  • Risk Management

    Risk management is the act of carefully examining business processes to prevent the possible loss of revenue and other assets. Learn More

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