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POP (Point-of-Purchase)
A one time debit entry to the account of a receiver whom is notified, at the point of purchase, that their check (source document) will be converted...
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Convenience Fees
These fees allow for the quick offset of transaction processing costs for methods of payment that are outside of a business’s traditional methods. Learn More
Related Terms
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WEB (Internet Initiated Entries)
A standard entry class code that enables an originator to debit a consumer’s account pursuant to an authorization obtained from the receiver via the internet.
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