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...Learn More
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.
There is an existing relationship between an originator and a receiver when there is either a written agreement in place or when the receiver has purchased goods...Learn More