Payment Glossary

ACH

Automated Clearing House – ACH is a reliable electronic funds transfer (EFT) system governed by National Automated Clearing House Association (NACHA).

Related Terms

  • IVR (Integrated Voice Response)

    Integrated voice response or integrated voice recognition are payment systems that use the telephone to automate the capture of transactional information from a payer. Payers may either...

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  • Originator

    As it relates to check processing, the originator is the person who originally wrote a check.

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