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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...
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EFTA (Electronic Fund Transfer Act)
The Electronic Fund Transfer Act establishes the rights and liabilities of consumers in addition to the responsibilities of anyone who participates in electronic funds transfers.
Related Terms
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Regulation E (Reg-E)
Regulation E details procedures for the processing of electronic funds transfers (EFTs) in addition to debit cards.
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