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

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • Lockbox

    Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...

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