Payment Glossary

OCR (Optical Character Recognition)

A technology that enables you to convert different types of documents into editable and searchable data.

Related Terms

  • COR (Notification of Change)

    A COR entry is initiated by a receiving depository financial institution (RDFI) to inform an originator of incorrect information submitted in an entry. The originator must correct...

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  • Cardholder

    A cardholder refers to the person to whom a credit or debit card is issued.

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