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A single entry ACH debit to an account originated from converting an eligible item delivered to an Originator via the U.S. mail or at a drop box location.

AVS allows mail and telephone orders companies to verify a cardholder's billing address online. This program is designed to reduce fraudulent use of cardholder's credit card number.

A communications format for electronic business data interchange established by the American National Standards Institute, a voluntary body supported by the American Bankers Association.

A computer-based clearing and settlement operation, often operated by a Federal Reserve Bank, established for the exchange of electronic transactions among participating depository institutions. Such electronic transactions can be substituted for paper checks used to make recurring payments such as payroll or preauthorized insurance premiums. The U.S. Treasury uses the ACH extensively to pay certain obligations of the government. A service used by banks to exchange electronic payments drawn on one another. Total debits and credits (payments and deposits) and itemized accounting of individual items are presented. This reduces transportation expenses and simplifies the transfer of funds between customer’s accounts.

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

A computer terminal to dispense cash, accept deposits and loan payments, and enable a financial institution's customer to order transfers among accounts and make account inquiries. A machine used for banking services, including withdrawals and deposits, balance inquiries, transfers, and other services. Customers access an ATM by using a plastic card encoded with electromagnetic identification such as an access card or credit card. Transactions are processed electronically with the aid of computer systems. Computer-controlled terminals located on the premises of financial institutions or elsewhere, through which customers may make deposits, withdrawals, or other transactions as they would through a bank teller.

A single entry ACH debit to an account originated from converting an eligible item during back office processing; to convert a check (source document) received at the point of purchase or manned bill payment location for the in-person purchase of goods or services.