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 (source document) will be converted into a single entry ACH transaction.

Related Terms

  • Acquirer

    An acquirer is a bank that processes credit and debit card transactions for a merchant.

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  • E-Check (or echeck)

    E-Check payments are ACH payments that originate via the internet, telephone, point-of-sale (POS), or bill payment sent through the mail or unattended lockbox. For mail and lockbox...

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