Payment Glossary

FTC (Federal Trade Commission)

The Federal Trade Commission is an independent agency that advocates for consumer protection and the prevention anti-competitive business practices.

Related Terms

  • ACK (ACH Payment Acknowledgement)

    An ACK entry is an acknowledgement by the receiving depository financial institution (RDFI) confirming the receipt of a corporate credit or debit (CCD) credit entry.

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  • Convenience Fees

    These fees allow for the quick offset of transaction processing costs for methods of payment that are outside of a business’s traditional methods. Learn More

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