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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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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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SSL (Secure Sockets Layer)
SSL, proceeded by TLS, is a security protocol that encrypts data and enabled authentication between applications over a network.
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