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ACH Debit
An ACH debit occurs when the receiver’s account is debited.
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MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number and check number. Special magnetic ink toner cartridges are used by check printers as well as authorized users of check by phone systems.
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RCK (Re-presented Check)
An additional presentment of an eligible returned paper check through the ACH network.
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