Payment Glossary

DNE (Death Notification Entry)

A notice made only by the federal government to notify the receiving depository financial institution (RDFI) of the death of a receiver.

Related Terms

  • Interchange

    Interchange is a small fee paid by a merchant's bank (acquirer) to a cardholder's bank (issuer) to compensate the issuer for the value and benefits that merchants...

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  • OFAC (Office of Foreign Asset Control)

    The part of the US Treasury Department responsible for enforcing United States economic and trade sanctions.

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