ACK (ACH Payment Acknowledgement)

An ACK entry is an acknowledgement by the receiving depository financial institution (RDFI) confirming the receipt of a corporate credit or debit (CCD) credit entry.

Related Terms

  • Issuer

    An issuer is the organization that issues a credit or debit card.

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  • Lockbox

    Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...

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