Payment Glossary

FDIC (Federal Deposit Insurance Corporation)

The Federal Deposit Insurance Corporation provides deposit insurance to depositors within U.S. banks. Its primary source of funding is through member dues from included banks.

Related Terms

  • 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.

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  • Originator

    A company, individual or entity that initiates entries into the ACH network.

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