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POS (Point-of-Sale)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. POS transactions are generally initiated with a...
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Originator
A company, individual or entity that initiates entries into the ACH network.
Related Terms
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Regulation E (Reg-E)
Regulation E details procedures for the processing of electronic funds transfers (EFTs) in addition to debit cards.
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