-
ACH Credit
An ACH credit occurs when the receiver’s account is credited.
Learn More
Receiver
Any company, organization or entity authorizing an originator to initiate an ACH credit or ACH debit transaction.
Related Terms
-
BOC (Back Office Conversion)
A BOC entry is a one time debit entry to the account of a receiver whom has, at the point of purchase, been notified that their check...
Learn More