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Authorizations (Card Processing)
All transactions must be authorized via terminal, cash register, voice authorization, or automated voice response phone system (IVR).
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BOC (Back Office Conversion)
A BOC entry is a one time debit entry to the account of a receiver whom has, at the point of purchase, been notified that their check (source document) will be converted into a single entry ACH transaction.
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OCR (Optical Character Recognition)
A technology that enables you to convert different types of documents into editable and searchable data.
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