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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...
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Acquirer
An acquirer is a bank that processes credit and debit card transactions for a merchant.
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Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
