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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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Settlement Date
The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.
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OCR (Optical Character Recognition)
A technology that enables you to convert different types of documents into editable and searchable data.
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