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POS (Point-of-Sale)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. POS transactions are generally initiated with a...
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AAP
An accredited ACH professional certified by the National Automated Clearing House Association (NACHA).
Related Terms
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UDAP (Unfair or Deceptive Acts or Practices)
Unfair or Deceptive Acts of Practices (UDAP) is a collection of rules for banking regulations, aiming to protect credit card users while adding to card-related disclosures.
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