-
SHR (Shared Network Transaction)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared...
Learn More
Settlement Date
The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.
Related Terms
-
TEL (Telephone Initiated Entries)
A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over...
Learn More
