FDIC (Federal Deposit Insurance Corporation)
The Federal Deposit Insurance Corporation provides deposit insurance to depositors within U.S. banks. Its primary source of funding is through member dues from included banks.Learn More
FACTA (Fair and Accurate Credit Transactions Act)
Passed in 2003, the Fair and Accurate Credit Transactions Act enables consumers to request a free credit report from the top three credit reporting companies. These free...Learn More
For check processing, the receiver is the person or business that a check is written to.