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Merchant Account
An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.
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Automated Teller Machine (ATM)
An automated teller machine (ATM) is a device that allows for the withdrawal of cash without the need of a human teller or cashier.
Related Terms
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Originator
A company, individual or entity that initiates entries into the ACH network.
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