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Effective Rate
The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage,...
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Receiver
Any company, organization or entity authorizing an originator to initiate an ACH credit or ACH debit transaction.
Related Terms
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OTS (Office of Thrift Supervision)
The Office of Thrift Supervision, between 1989 and 2011, was a federal agency that regulated all savings banks (chartered and state-chartered), savings associations, and loans associations.
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