PPD (Prearranged Payment and Deposit)

A credit or debit entry to the account of a receiver where there is either a standing or one time written authorization that has been signed or similarly authenticated.

Related Terms

  • FISMA (Federal Information Security Management Act)

    The Federal Information Security Management Act requires all federal agencies to implement cybersecurity programs to protect the information from unauthorized access.

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  • Remote Deposit

    Remote deposit (or remote deposit capture) is the process of converting paper or mailed-in checks to an electronic file for processing.

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