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… Payment systems characterized by bilateral exchanges made … of a central system, and the separate entry of batch totals into the clearing system to support settlement … Batch Total Entry Systems …

… behalf or on the behalf of the group's entitles, exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. … Group clearer …

… Payments accompanied by a paper remittance (bill stub), MICR-encoded with a CCIN, for credit to a business, generally initiated via an ABM or branch of a …

… An arrangement in payment systems whereby participants in one category require the services of participants in …

… cannot meet the applicable eligibility criteria or for business reasons accesses the core payment system through an agency agreement (i.e., sponsorship) with a direct participant … Indirect participant …

… as assigned by the CPA, used to identify the type of AFT payment. Transaction codes can be found in Appendix II, Section D of Standard 005. … Transaction code …

… Also known as the negotiating financial institution. The financial institution that, on behalf of its customer, presents an item for payment to the drawee. It is the financial institution that …

… The portion of an invoice or the electronic data submitted to the payor's FI by the payor, along with payment, and which becomes a credit item representing value when exchanged by the payor's financial …

… that facilitates the transfer of funds between participating financial institutions in real time with finality of payment and certainty of settlement. The LVTS was replaced …