Payment Glossary

NACHA (National Automated Clearing House Association – The Electronic Payments Association)

The national trade association responsible for developing and enforcing ACH rules and guidelines.

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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  • Value Added Reseller (VAR)

    A value added reseller is a company that sells products and / or services that are repackaged for specific needs.

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