The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage,...Learn More
COR (Notification of Change)
A COR entry is initiated by a receiving depository financial institution (RDFI) to inform an originator of incorrect information submitted in an entry. The originator must correct the information within six business days or before initiating another entry to the receivers account.
FCRA (Fair Credit Reporting Act)
The Fair Credit Reporting Act protects consumers from inaccurate information that may be found within credit reports.Learn More