Payment Glossary

FDCPA (Fair Debt Collection Practices Act)

Approved in 1977, the Fair Debt Collection Practices Act allows for legal consumer protection against abusive debt collection practices.

Related Terms

  • ACH Credit

    An ACH credit occurs when the receiver’s account is credited.

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  • Payment Gateway

    A payment gateway is an application service provider that authorizes credit card and electronic check payments for businesses. A payment gateway facilitates the transfer of information between...

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