-
Auxiliary On-Us Field
A field on the magnetic ink character recognition (MICR) line of a check or share draft. This is an optional field that can be found to the...
Learn More
Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
Related Terms
-
MTE (Machine Transfer Entry)
An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.
Learn More
