Also known as Routing/Transit Number. A nine-digit number that identifies a specific financial institution. These numbers are assigned by the Thompson Financial Information and are listed in its annual publication Key to Routing and Transit Number.

A device used to access a consumer’s account to initiate an electronic funds transfer (card or code). This does not include telephones and personal computers.

An organization formed by financial institutions to regulate and support the exchange of electronic transactions among member institutions.

A card or other means of access to a Consumer Account held by a Depository Financial Institution that is issued by an entity other than the Depository Financial Institution or a party that has contracted directly with the Depository Financial Institution to issue such cards or other means of access, and can be used at the point of sale to initiate POS Entries.

A transaction through the ACH network originated to pay a Receiver (deposit funds into an account).

A transaction through the ACH network originated to remove funds from the receiver (withdrawal from account).

A funds transfer system, governed by the Nacha Operating Rules, that provides for the interbank clearing of electronic entries for participating financial institutions.

The Federal Reserve Bank or other organization operating as a clearing house for automated entries. The ACH Operator acts as a central facility for the clearing, delivery and settlement of entries between or among the participating financial institutions.

A single-entry debit initiated by an Originator to an account of the Receiver pursuant to an eligible source document provided by the Receiver via U.S. mail or delivery service, at a dropbox location or in person for payment of a bill at a manned location.

An ACH record type that carries the supplemental data needed to completely identify an account holder(s) or provide information concerning a payment to the Receiving Depository Financial Institution and the Receiver.

A contract between two parties that defines the relationship between the two parties.

A data security technique used to ensure that the professed sender of information or payment order is actually who they claim to be.

An agreement by the Receiver that will allow ACH debits and credits to post to their account.

An electronic funds transfer system governed by the Rules of the National Automated Clearing House Association which provides for the interbank clearing of electronic entries for participating financial institutions.

A deposit made directly to an account at a depository institution through the ACH network (i.e. payroll deposits, social security payments, and retirement benefits).

An optional, variable format field of the MICR line of a check of sufficient length. It is positioned to the left of the routing number (or the external processing code, when such a code is present). Data located within the Auxiliary On-Us Field is bracketed by on-us symbols.

A single-entry debit initiated by an Originator to an account of the Receiver based on an eligible source document, provided to the Originator by the Receiver at the point of purchase or at a manned bill payment location to affect a transfer of funds from an account of the Receiver through subsequent conversion to an ACH debit during back office processing. This type of entry may only be used for non-recurring, in-person entries, for which there is no standing authorization with the Originator for the origination of ACH entries to the Receiver’s account.

Any day on which a participating financial institution is open to the public during any part of the day for carrying on substantially all of its banking functions, and, with reference to an ACH Operator, any day on which the appropriate facility of such ACH Operator is being operated.

A group of records or documents considered as a single unit for the purpose of data processing.

A person who has applied for and is entitled to Federal benefits payable by law.

Settlement will occur on the first available date for that type of entry.

A calendar day other than a Saturday, Sunday, or Federal holiday in the United States.

A check as that term is defined in Article 3 of the Uniform Commercial Code and includes share drafts.

A check begins as a paper item but is not negotiated. Processing the paper item is stopped at some point and the payment is processed electronically from then on. Payment is no longer under check law but under electronic banking regulations. The check is no longer a check but a source document.

The final digit of a routing/transit number which may be used to test the validity of a specific routing/transit number.

The serial number of a Check.

A check begins as a paper check and is negotiated but processing the paper item is stopped at some point and the payment is processed electronically from then on. The check remains under check law. A debit entry imitated under a Check Truncation Program. A TRC entry is for the truncation of a single check drawn on the paying bank. A TRX entry is for the truncation of multiple checks drawn on the same paying bank. A TRX entry may contain up to 9,999 addenda records.

A large dollar funds transfer system, a member of the New York Clearing House family of payments.

A credit entry initiated by or on behalf of the holder of a consumer account to the non-consumer account of a receiver.

The collection of paper items or electronic entries from the payor banks after being deposited by a customer.

The balance in an account maintained by a financial institution at the Federal Reserve or correspondent bank.

A voluntary association of depository institutions that facilitates the clearing of checks or electronic entries through the direct exchange of funds between members.

A compilation of procedures by which Federal agencies will use to administer the laws passed by the U.S. Congress.

Funds for which final payment has been received.

A commercially reasonable practice, system, or technology is one that corresponds to commonly accepted practices among commonly situated Originators conducting a similar business.

A security procedure for the transmission of payment orders which meets the criteria as established by the Uniform Commercial Code Article 4A.

The record(s) contained within an ACH file that describes the Originator(s) of an ACH transaction(s) and the types of transactions within the batch.

The number in the Company Batch/Header Record that identifies the Originator to the ODFI.

An account held at a participating depository financial institution and established by a natural person primarily for personal, family or household use and not for commercial purposes.

A disbursement arrangement where a company is notified early in the day of the dollar amount of the items waiting to clear the account later that day, so they can fund the account with the exact dollar amount.

Information transmitted by a Health Plan to a Health Care Provider in a Health Care EFT Transaction for the purpose of reassociating the Health Care EFT Transaction with an electronic remittance advice. The CORE-required Minimum CCD+ reassociation Data Elements include the information contained within the Effective Entry Date field, the Amount field, and the Payment Related Information field of the CCD Entry.

A debit and credit entries initiated by an Originator to affect a transfer of funds to or from the account of that organization or another organization. A CCD entry may be accompanied by one Addenda Record that relays information in payment related ANSI ASC X12 data segments or Nacha-endorsed banking conventions. A CCD entry that is a Health Care EFT Transaction must include one Addenda Record that contains the ASC X12 835 TRN (Reassociation Trace Number) data segment in the Payment Related Information Field.

Payments made between trading partners through the ACH Network. CCD, CCD+, and CTX are the Standard Entry Class Codes used to identify these payments.

A credit or debit entry initiated by an Originator to pay or collect an obligation of such Originator and destined for the account of another organization and may be accompanied by addenda records that relay information formatted in accordance with ANSI ASC X12.5 and X12.6 syntax, an ASC X12 transaction set containing a BPR or BPS data segment, or payment related UN/EDIFACT syntax. A CTX entry can contain up to 9,999 addenda records.

A File that corrects the Entries contained in an Erroneous File.

The risk that a party to a transaction cannot provide the necessary good funds, as previously committed by files originated, in order for settlement to take place.

A person(s) that maintains an account at a Depository Financial Institution. A customer may authorize a financial institution to debit/credit their account in response to an ACH entry.

A collection of records stored electronically.

A technique by which a message is scrambled into an undecipherable stream of bits for transmission for security purposes.

The basic unit of information in EDI transaction sets. May be single codes, literal descriptions, or numeric values.

A predefined set of functionally related elements within a transaction set.

The electronic exchange of information between two data processing points (computers).

A mathematical process of de-encoding encrypted information so the original message or information can be used.

A predetermined code that indicates the beginning and end of a data segment.

An ACH transaction which represents the collection of an item which was originally a check but was lost or destroyed along with the cash letter it was a part of.

An electronic means of authentication which uniquely identifies the sender of a message or payment order through the use of special encryption techniques.

A situation in which an Originator, Third-Party Sender, or a Third-Party Service Provider transmits credit or debit Entries directly to an ACH Operator using an ODFI’s routing number and settlement account.

An Originator, Third-Party Sender, or Third-Party Service Provider with Direct Access for the origination of debit Entries except: a Third-Party Service Provider that transmits files solely on behalf of an ODFI where that Third-Party Service Provider does not have a direct agreement with an Originator, or an ODFI that transmits files using another Participating DFI’s routing number and settlement account.

A method of ACH collection used where the debtor gives authorization to debit his or her account upon the receipt of an entry issued by a creditor.

An ACH service that provides for the electronic transfer of funds directly into the account of a payee, usually an employee receiving pay or a Social Security beneficiary receiving retirement benefits.

A method of collection used in the ACH Network for certain claims, generally those that are repeated over a period of time, for which the debtor gives the Originator authorization to debit his or her account.

The computer-to-computer transmission of a payment and related information in standard format.

A set of standards approved by the United Nations for international electronic data interchange.

The date the originating company expects payment to take place. The ACH Operator reads the effective entry date to determine the settlement date that is usually the next available business day. The Effective Entry Date is set by the Originator.

Relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

An alternative means of authorization for ACH transactions. Electronic authorizations must be displayed in such a manner that the consumer can read the authorization, create a record or hard copy of the authorization so the consumer can refer back to it and must be authenticated in a similar manner to that in which a signature authenticates a written authorization (digital signature, PIN or other code which identifies the consumer).

An ACH transaction that started out as a check but has been converted to an ACH transaction. The original check is returned to the check writer at the point of purchase or retained by the collecting agency.

A generic term used whenever money is moved without the use of a check or draft.

An agreement, authorization, written statement under penalty of perjury, or other record created, generated, sent, communicated, received, or stored electronically.

An electronic sound, symbol, or process attached to or logically associated with an agreement, authorization, written statement under penalty of perjury, or other record and executed or adopted by a person with the intent to sign the record.

Smallest item of information in a transaction set.

A Check that is used as a source of information for ARC, BOC or POP Entries.

A data security technique used to protect information. Information appears to be a meaningless string of letters and symbols.

A string of characters or numbers, shared between the parties, which allows the Originator of a message to encrypt and the Receiver to decrypt the message.

An order or request (1) for the transfer of money to the account of a Receiver, (2) for the withdrawal of money from the transaction account or general ledger account of a Receiver, (3) a Zero Dollar entry, (4) a DNE entry, or (5) an ENR entry.

As applicable, prenotification, returned entries, adjustment entries, notifications of change, and/or other notices or data transmitted through one or more ACH Operators pursuant to these Rules.

An Entry that is a duplicate of an Entry previously initiated by the Originator or ODFI; orders payment to or from a Receiver different than the Receiver intended to be credited or debited by the Originator; or orders payment in a dollar amount different than was intended by the Originator.

A File that is a duplicate of previously submitted File, or a File in which each Entry, or each Entry in one or more batches contained in such File, is an Erroneous Entry.

Any entry that requires special attention or processing, such as return entries, stop payments, notifications of change, dishonored returns, etc.

There is a written agreement in place between the Originator and the Receiver or the Receiver has purchased goods or services from the Originator within the past two years.

A maximum total limit established by an ODFI for each of its Originators beyond which the ODFI is unwilling to process additional files.

An Entry initiated by an RDFI in accordance with the Nacha Operating Rules that returns a previously originated debit Entry to an ODFI.

A set of batched ACH entries combined for delivery to the ODFI.

The last record of the ACH file indicating termination of information.

The first record of an ACH file containing information necessary to route, validate and track the ACH information contained within the file.

An entity that is authorized by applicable Legal Requirements to accept deposits or to conduct the business of issuing money orders or transferring funds.

Electronic data interchange for financial transactions/applications between companies and financial institutions, including payment and remittance advice, account analysis, and balance reporting.

An entity that performs outside of the United States functions substantially similar to those of a Gateway by acting as an entry point to or exit point form a country other than the United States for payment transactions.

The risk that a payment transaction will be initiated or altered in an attempt to misdirect or misappropriate funds.

The time at which funds associated with paperless entries have been made available to the customer.

In International ACH Transactions (IATs), the operating entity which receives and converts a payment made in the currency and format or the originating country into the currency and format of the receiving country. An Operator or a Participating DFI that acts as an entry point to or exit point from the United States for ACH payment transactions.

A publication assembled by the U.S. Department of Treasury that specifies the procedures to be used in ACH transactions originated on behalf of the United States Federal Government.

A mathematical calculation that creates a single number from critical fields in each transaction entry, as a check against inadvertent alteration of data contents due to hardware failure or program error.

An individual or group plan (including a self-insurance plan) that provides, or pays the cost of, medical care (i.e. meaning of “Health Plan” assigned at 45 CFR 160.103, as modified from time to time).

A CCD Entry originated by a Health Plan to a Health Care Provider with respect to a health care claim. A Health Care EFT Transaction must be accompanied by one Addenda Record that contains the ASC X12 835 TRN (Reassociation Trace Number) data segment is the Payment Related Information field.

A provider of medical or health services, and any other person or organization who furnishes, bills, or is paid for health care in the normal course of business (i.e., the meaning of “Health Care Provider” assigned at 45 CFR 160.103, including a provider of certain services specified in the regulation, as modified from time to time).

An IAT Entry that originates in a country other than the United States and is transmitted to the United States.

A payment to an intended third-party payee that was not made or completed by the Originator, Third-Party Sender or ODFI of a corresponding debit entry authorized by a consumer Receiver (or any Receiver with respect to an ARC, BOC or POP entry) for the purpose of funding the payment to the third-party payee. A partial or erroneous payment to the intended third-party payee is not an incomplete transaction.

The number used in an ACH transaction by the Originator to identify the Receiver.

An Entry that is part of a payment transaction involving a Financial Agency’s office that is not located in the territorial jurisdiction of the United States.

An institution or computer service company designated to act on behalf of another institution to receive and/or send ACH entries.

A debit entry initiated by an Originator to a consumer account of the Receiver based on: an authorization that is communicated, other than by an oral communication, from the Receiver to the Originator via the Internet or a Wireless Network, or any form of authorization if the Receiver’s instruction form the initiation of the individual debit entry is designed by the Originator to be communicated, other than by an oral communication, to the Originator via a wireless network; or a credit entry initiated by or on behalf of the holder of a consumer account that is intended for the consumer account of a Receiver, regardless of whether the authorization of such entry is communicated via the Internet or wireless network.

The numeric day of the year.

Any law, statute, rule or regulation, or any binding published interpretation of any of the foregoing, issued by any government authority (including courts), and any judicial, governmental, or administrative order, judgment, decree or ruling, in each case as applicable to the subject matter and the parties at issue, and as amended, supplemented, modified or replaced from time to time.

The word “live” refers to an entry that affects a funds transfer rather than non-dollar entries.

A credit or debit entry initiated at an electronic terminal, as defined in Regulation E, to affect a transfer of funds to or from a deposit account of an Originator maintained with a RDFI, i.e., ATM cash deposits and withdrawals. An MTE entry must be accompanied by an Addenda Record to provide terminal location, city, state and other required information.

This field is necessary to ensure the proper routing and/or posting of an ACH entry. If a mandatory field is left blank; the entry, batch, or file will be rejected by the ACH Operator.

A notation posted to an account which indicates credit funds will be posted but have not yet been posted to the account.

The magnetic ink character recognition inscriptions at the bottom of a paper check.

A body which oversees all ACH activities and procedures and is composed of all local ACHs.

A Third-Party Sender that has an agreement with another Third-Party Sender to act on behalf of an Originator; and does not have a direct agreement with the ODFI. Unless otherwise expressly stated in the Rules, each reference to a Third-Party Sender includes a Nested Third-Party Sender.

The netting out by financial institutions of debits and credits owed to each other to result in a single net amount for settlement.

Non-business effective dates are those entries deposited with an effective date of Saturday, Sunday, or a business holiday. Settlement will occur on the next available business date for that type of entry.

An account held by a Participating DFI and established by an Organization primarily for commercial purposes. A Non-Consumer Account may be established by a natural person if the Participating DFI’s records indicate that the account is primarily for commercial and not for personal, family, or household purposes (i.e., it is not a Consumer Account).

Any notice or data complying with the requirements of the Nacha Operating Rules that is not an order or request for the transfer or withdrawal of funds.

A credit or debit Entry for which settlement cannot be completed.

A non-monetary entry transmitted by an RDFI for the purpose of identifying incorrect information contained within an entry and providing correct data to be sued on future entries. A NOC is also known by the SEC Code COR. The SEC Code COR is also used by the ODFI to create a refused Notification of Change to refuse an NOC entry containing incorrect or incomplete information.

The agency of the United States Government that administers economic sanctions and embargo programs that require assets and transactions involving interest of targeted parties be blocked or frozen.

In addition to the scheduled delivery times (referred to delivery schedule), the new ACH software offers on-demand delivery. With this feature, customers can request an output file at any time during the processing day.

The risk that a transaction is altered or delayed due to unintentional error in transmission, receiving, or processing.

The inclusion or omission of optional fields in an ACH file is determined by Originator. The omission of this field will not affect processing; however, the field must be filled with blanks or other characters.

A corporation, partnership, association or other entity, governmental or private, or a natural person, provided that, in the case of a natural person, any account of such person to be debited or credited with the amount of any entry is maintained primarily for commercial and not for personal, family or household purposes.

An organization or company that produces an ACH file and delivers it to an ODFI for introduction into the ACH network.

A participating depository financial institution with respect to entries that it transmits directly or indirectly to an ACH Operator for transmittal to an RDFI, and on which it is designated as the ODFI in accordance with Appendix Three. An RDFI is not considered an ODFI solely by reason of its initiation of Acknowledgment Entries, Return Entries, Extended Return Entries or Notification of Change.

A written agreement between an ODFI and an Originator or Third-Party Sender, and a written agreement between a Third-Party Sender and an Originator, that authorizes the ODFI and/or a Third-Party Sender to transmit entries to a Receiver’s account and that meets all other applicable requirements set forth in the Rules.

A person that has authorized an ODFI to transmit, for the account of that person, a credit entry, debit entry, or non-monetary entry to the Receiver’s account at the RDFI.

An IAT entry that originates in the United States and is transmitted to another county.

Any financial institution that (1) is authorized by law to accept deposits, (2) has been assigned a routing number by Accuity, and (3) has agreed to be bound by these rules as in effect from time to time.

An item that is destined to an account held at a credit union or savings institution that receives entries destined for its customers’ accounts through an intermediary financial institution.

Means a natural person or an organization.

A credit entry initiated by or on behalf of a holder of a consumer account that is intended for a consumer account that is intended for a consumer account of a Receiver. A P2P entry uses the Internet-Initiated/Mobile Entry (WEB) SEC code.

A single entry debit initiated by an Originator (merchant) pursuant to a source document at the point-of-purchase or manned bill payment location to affect a transfer of funds from an account of the Receiver. The customer’s information is obtained electronically from the MICR line of the check. The dollar amount is key-entered. The check is stamped void and returned to the customer.

A debit entry initiated at an electronic terminal as defined in Regulation E to pay an obligation incurred in a point-of-sale transaction, or to affect a transfer of funds from a deposit account (i.e., a point-of-sale terminal cash withdrawal), and reversing, adjusting, and other credit entries relating to such debit entries, transfer of funds or obligations. POS entries are originated in a non-shared system in which no agreement other than these Rules exists between the ODFI and the RDFI, and in which transactions are typically initiated by use of a merchant issued plastic card. A POS entry must be accompanied by an Addenda Record to provide terminal location, city, state, and other required information.

The process of recording debits and credits to individual account balances.

A credit or debit entry initiated by an organization pursuant to a standing or single-entry authorization from a Receiver to affect a transfer of funds to or from a Consumer Account. PPD+ is a PPD entry with one addenda record.

A non-dollar entry sent through the ACH Network by an Originator to an RDFI to verify the accuracy of the account information. Prenotifications are optional. If an Originator chooses to send a prenotification the RDFI must verify the account information. An Originator initiating a prenotification may initiate subsequent Entries to the Receiver’s account as soon as the third banking day following the Settlement Date of the prenotification entry. Originators receiving Notifications of Change should be aware that requested changes should be made prior to the initiation of the next entry or within six banking days, whichever is later.

Any day that a member institution is open to the public to conduct business, or that an ACH facility is being operated.

The non-public personal information, including financial information, of a natural person used to create or contained within, an Entry and any related Addenda Record.

The conditional settlement of debits and credits transferred via ACH. Until declared final by the Federal Reserve Bank, provisional settlement may be reversed.

A single-entry debit initiated for the purpose of collecting a paper check after the paper check has been returned for insufficient or uncollected funds.

An individual, corporation or other entity who has authorized an originator to initiate a credit or debit entry to an account held at an RDFI.

A receiving financial institution is an ACH transaction’s final destination. The receiving financial institution may receive the entries directly from an ACH Operator or may work through a processing center, which is the actual receiving point.

Information that is inscribed on a tangible medium or that is stored in an Electronic or other medium and is retrievable in perceivable form.

An item/entry that cannot be processed and is being returned by the RDFI to the ODFI.

A term used to describe an entry/file that cannot be processed by the ACH Operator.

The omission of a required field in an ACH entry will not cause the entry to reject at the ACH Operator level. The entry may reject at the RDFI level.

An item/entry that cannot be processed and is being returned by the RDFI to the ODFI.

A fee charged by an Originator to a Receiver for a debit entry or other item that was returned for insufficient or uncollected funds, to the extent permitted by applicable legal requirements.

A single entry initiated by an Originator to the account of a Receiver to collect a return fee.

The rate at which an Originator’s or Third-Party Sender’s debit Entries are returned for administrative reasons (Return Reason Codes R02, R03 or R04) as calculated in accordance with the Subsection 2.17.2.4 - an Administrative Return Rate of three percent (3%).

The rate at which an Originator’s or Third-Party Sender’s debit Entries, excluding RCK Entries are returned, regardless of reason as calculated in accordance with Subsection 2.17.2.4 - an Overall Return Rate of fifteen percent (15%).

The rate at which an Originator’s or Third-Party Sender’s debit Entries are returned on the basis that they were unauthorized (Return Reason Codes R05, R07, R10, R11, R29 or R51) as calculated in accordance with Subsection 2.17.2.1- an Unauthorized Return Rate of half of one percent (.50%).

An ACH entry or file sent to correct or reverse previously originated duplicate or erroneous files or entries. Reversals must be sent within five banking days of the settlement date of the original entry/file.

Also known as ABA Number. A nine-digit (eight digits and a check digit) number, which identifies a specific financial institution. These are numbers assigned by the Thompson Financial Directory and are listed in its annual publication Key to Routing and Transit Numbers.

An entry, other than a debit Entry, in which the Effective Entry Date is the same Banking Day as the date on which the Entry is Transmitted by the ODFI to its ACH Operator, and that is Transmitted by the ACH Operator’s deadline for same day settlement. A Same Day Entry must be for an amount of $1,000,000 or less.

The actual transfer of funds between two parties. Settlement for ACH usually occurs through the Federal Reserve Bank.

The date on which settlement occurs at the Federal Reserve Bank, i.e. funds actually change hands as a result of an ACH entry. The settlement date is set by the ACH Operator and is in Julian Format.

A debit entry initiated at an electronic terminal as defined in Regulation E to pay an obligation incurred in a point-of-sale transaction, or to affect a transfer of funds from a deposit account (i.e., point-of-sale terminal cash withdrawal), and reversing, adjusting, and other credit entries relating to such debit entries, transfer of funds or obligations. SHR entries are originated in a shared system where an agreement, in addition to these Rules, exists between the ODFI and RDFI, and in which the transactions are typically initiated by the use of a plastic card issued by the Receiver’s DFI. An SHR entry must be accompanied by an Addenda Record to provide terminal location, city, state, and other required information.

A one-time transfer of funds initiated by an Originator in accordance with the Receiver’s authorization for a single ACH credit or debit to the Receiver’s account.

Stale dated items are those items deposited with an effective date less than or equal to the Federal Reserve Bank process date. Settlement will occur on the next available business date for that type of item. Example: A credit item effective on Wednesday and deposited with the Federal Reserve Bank on Wednesday will be settled on Thursday.

A three-character code within an ACH Company/Batch Header Record to identify the payment types contained within an ACH batch. (E.g. CCD, CIE, CTX, MTE, POS, TRC, TRX, PPD, etc.)

The advice prepared by the ACH stating the number of entries and dollar value of an ACH file.

A debit entry initiated by an Originator to a consumer account of the Receiver based on an oral authorization obtained over the telephone.

A special character at the end of a record or file which indicates the end of that record or file.

A type of Third-Party Service Provider that acts as an intermediary in Transmitting Entries between an Originator and an ODFI, including through Direct Access, and acts on behalf of an Originator or another Third-Party Sender. A Third-Party Sender must have an Origination Agreement with the ODFI of the Entry. A Third-Party Sender is never the Originator for Entries it Transmits on behalf of another Organization. However, a Third-Party Sender of Entries may also be an Originator of other Entries in its own right.

An organization that performs any functions on behalf of the Originator, the ODFI, or the RDFI related to the processing of entries, including the creation of the files or acting as a Sending Point or Receiving point on behalf of a participating DFI. An organization acting as Third-Party Sender also is a Third-Party Service Provider.

A 15-digit code assigned to every ACH entry by an originating institution that uniquely identifies that entry within a specific ACH file. The first eight digits of the trace number is the routing transit number of the ODFI and the last seven digits are sequence numbers assigned by the originator.

The two-digit code in the ACH record that determines whether an entry is a debit or a credit to a DDA account, savings account, or general ledger account, or whether an entry is a credit to a loan account.

To send by Electronic means of communication.

A fee paid by an ODFI to the respective RDFI for a debit Entry (except for a debit IAT Entry) that is Returned to the ODFI with a Return reason code of R05, R07, R10, R11, R29, or R51.

The Uniform Commercial Code as enacted in the State of New York, unless otherwise provided.

The section of the Uniform Commercial Code that defines negotiable instruments.

The section of the Uniform Commercial Code that deals with bank deposits and collections. Outlines the collection process of negotiable instruments.

Uniform Commercial Code (UCC) is a comprehensive body of state law governing commercial transactions. Article 4A covers certain funds transfers, including ACH credit transactions not subject to the Electronic Funds Transfer Act.

A network, public or private, that (1) is not located entirely within a single, contiguous, physical facility; and (2) either (a) Transmits data via circuits that are not dedicated to communication between to end points for the duration of the communication, or (b) Transmits data via wireless technology (excluding a communication that begins and ends with a wireline connection, but that is routed by a telecommunications provider for a portion of the connection over a wireless system).

A Third-Party Service Provider that facilitates the transmission of data among multiple trading partners.

The ability of an originating institution to receive a file from a customer/company ahead of the effective date and hold it for release to the ACH on the effective date or for a receiving financial institution to receive entries ahead of the effective date and hold them without posting until the effective date has been reached.

Electronic credit transactions between commercial entities.

A predetermined period in time in which an exchange of information and funds can take place.

An Unsecured Electronic Network for the communication of data using wireless technology.

A written notice submitted to an RDFI by a Receiver requesting recredit to the Receiver’s account with the RDFI for a debit to the Receiver’s account that was not authorized by the Receiver, was improper or was part of an Incomplete Transaction.

A Non-Monetary Entry transmitted by an Originator to the account of a Receiver to convey payment related remittance data to the Receiver. A Zero-Dollar Entry must (1) use an appropriate Zero-Dollar Entry Transaction Code; and (2) be transmitted as (a) a CCD or CTX Entry to a Non-Consumer Account of the Receiver, or (b) an IAT Entry to the account of any Receiver.