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ACK (ACH Payment Acknowledgement)
An ACK entry is an acknowledgement by the receiving depository financial institution (RDFI) confirming the receipt of a corporate credit or debit (CCD) credit entry.
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Merchant
A merchant is business that exchanges goods for monetary funds.
Related Terms
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FDCPA (Fair Debt Collection Practices Act)
Approved in 1977, the Fair Debt Collection Practices Act allows for legal consumer protection against abusive debt collection practices.
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