Payment Glossary

MTE (Machine Transfer Entry)

An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.

Related Terms

  • AAP

    An accredited ACH professional certified by the National Automated Clearing House Association (NACHA).

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  • CIE (Customer Initiated Entry)

    A standard entry class code that enables a consumer to initiate an ACH credit into the ACH network whereby funds will be transferred to a company for...

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