Payment Glossary

WEB (Internet Initiated Entries)

A standard entry class code that enables an originator to debit a consumer’s account pursuant to an authorization obtained from the receiver via the internet.

Related Terms

  • ACH Operator

    ACH operator is the term used to describe the switching mechanism within the settlement network that provides information to the network participants. The ACH operator calculates the...

    Learn More
  • RCK (Re-presented Check)

    An additional presentment of an eligible returned paper check through the ACH network.

    Learn More