BOC (Back Office Conversion)

A BOC entry is a one time debit entry to the account of a receiver whom has, at the point of purchase, been notified that their check (source document) will be converted into a single entry ACH transaction.

Related Terms

  • Merchant Account

    An account opened through a payment processor or financial institution that allows payees to accept credit card payments from a payer.

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  • 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.

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