Payment Glossary

Receiver

For check processing, the receiver is the person or business that a check is written to.

Related Terms

  • Issuer

    An issuer is the organization that issues a credit or debit card.

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  • ODFI (Originating Depository Financial Institution)

    Financial institutions that originate ACH transactions on behalf of its customers. ODFI's must abide by the National Automated Clearing House Association (NACHA) Operating Rules.

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