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                                                        Remote DepositRemote deposit (or remote deposit capture) is the process of converting paper or mailed-in checks to an electronic file for processing. Learn More
Effective Rate
The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage, and is calculated by dividing gross processing fees by gross sales. Learn More
Related Terms
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                                                        TEL (Telephone Initiated Entries)A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over... Learn More










 
                    

