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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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Acquirer
An acquirer is a bank that processes credit and debit card transactions for a merchant.
Related Terms
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SHR (Shared Network Transaction)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared...
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