-
Contact-Free Payment
Contact-free payments are transactions processed in a manner that removes the physical interaction between the purchaser and the merchant. A contract-free payment can be accomplished through a...
Learn More
Existing Relationship
There is an existing relationship between an originator and a receiver when there is either a written agreement in place or when the receiver has purchased goods or services from the receiver within the past two year.
Related Terms
-
On-Us Entry
Occurs when both the receiver and originator of a transaction have depository accounts at the same depository financial institution.
Learn More
