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Discount Rate
Merchants are charged a fee for the processing services that enable them to accept cards as payment. This fee, called the "merchant discount” or "discount rate,” is...
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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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Hosted Tokenization
Hosted tokenization enables payments inside of software applications to be processed without exposing the actual payment information, such as a credit card number. Learn More
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