FTC (Federal Trade Commission)
The Federal Trade Commission is an independent agency that advocates for consumer protection and the prevention anti-competitive business practices.Learn More
A one time debit entry to the account of a receiver whom is notified, at the point of purchase, that their check (source document) will be converted into a single entry ACH transaction. The source document must be voided and returned to the receiver at the point of purchase.
MTE (Machine Transfer Entry)
An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.Learn More