Payment Glossary

SHR (Shared Network Transaction)

A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared network where the originating depository financial institution (ODFI) and receiving depository financial institution (RDFI) have an agreement.

Related Terms

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    The Freedom of Information Act provides either full or partial disclosure of unreleased information that is controlled by the U.S. government.

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  • Settlement Date

    The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.

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