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Consumer Account
An account held at a development financial institution (DFI) which has been opened by a natural person and is used for personal needs.
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Originator
A company, individual or entity that initiates entries into the ACH network.
Related Terms
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FDIC (Federal Deposit Insurance Corporation)
The Federal Deposit Insurance Corporation provides deposit insurance to depositors within U.S. banks. Its primary source of funding is through member dues from included banks.
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