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ACH Debit
An ACH debit occurs when the receiver’s account is debited.
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Basis Points
Basis Points is a financial term that describes one one-hundreth of a percent (1 basis point = .0001 or .01%). Normally, the addition of basis points for bundling in extra fees will take place through sales management or pricing.
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FISMA (Federal Information Security Management Act)
The Federal Information Security Management Act requires all federal agencies to implement cybersecurity programs to protect the information from unauthorized access.
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