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Discount Rate
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the "merchant discount” or "discount rate,” is...
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AAP
An accredited ACH professional certified by the National Automated Clearing House Association (NACHA).
Related Terms
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Tokenization
Tokenization replaces sensitive financial account information with a random string of characters, called a token. Learn More
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