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Authorizations (Card Processing)
All transactions must be authorized via terminal, cash register, voice authorization, or automated voice response phone system (IVR).
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NACHA (National Automated Clearing House Association – The Electronic Payments Association)
The national trade association responsible for developing and enforcing ACH rules and guidelines.
Related Terms
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Chargeback (Card Processing)
A chargeback is a transaction that is returned by the card issuer to a merchant’s acquirer bank because of a dispute, processing or point-of-sale error, or fraudulent...
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