AAP

AAP Flashcards A company or individual that has been authorized by the Receiver to initiate either a credit or debit ACH entry to their account. - Originator A financial institution that receives payment instructions from Originators and forwards the entr Last document update:   ago

AAP Flashcards A company or individual that has been authorized by the Receiver to initiate either a credit or debit ACH entry to their account. - Originator A financial institution that receives payment instructions from Originators and forwards the entries to the ACH Operator. - Originating Depository Financial Institution (ODFI) ACH Payment Transaction are accumulated throughout the day, sent to the ACH Operator, sorted by destination, and transmitted in groups at specified times. - Bat...