Payment Glossary

CIE (Customer Initiated Entry)

A standard entry class code that enables a consumer to initiate an ACH credit into the ACH network whereby funds will be transferred to a company for payment of funds owed to that company. CIE entries are limited to credit applications.

Related Terms

  • Merchant

    A merchant is business that exchanges goods for monetary funds.

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  • MTE (Machine Transfer Entry)

    An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.

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