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Regulation E (Reg-E)
Regulation E details procedures for the processing of electronic funds transfers (EFTs) in addition to debit cards.
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Receiver
Any company, organization or entity authorizing an originator to initiate an ACH credit or ACH debit transaction.
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ACH
Automated Clearing House – ACH is a reliable electronic funds transfer (EFT) system governed by National Automated Clearing House Association (NACHA).