-
MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number...
Learn More
Value Added Reseller (VAR)
A value added reseller is a company that sells products and / or services that are repackaged for specific needs.
Related Terms
-
PPD (Prearranged Payment and Deposit)
A credit or debit entry to the account of a receiver where there is either a standing or one time written authorization that has been signed or...
Learn More
