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E-Check (or echeck)
E-Check payments are ACH payments that originate via the internet, telephone, point-of-sale (POS), or bill payment sent through the mail or unattended lockbox. For mail and lockbox...
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RCK (Re-presented Check)
An additional presentment of an eligible returned paper check through the ACH network.
Related Terms
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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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