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Contact-Free Payment
Contact-free payments are transactions processed in a manner that removes the physical interaction between the purchaser and the merchant. A contract-free payment can be accomplished through a...
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ACH Debit
An ACH debit occurs when the receiver’s account is debited.
Related Terms
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DNE (Death Notification Entry)
A notice made only by the federal government to notify the receiving depository financial institution (RDFI) of the death of a receiver.
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