WEB SEC code
nouncandidate·updated May 9, 2026
An ACH debit entry initiated by an originator resulting from the receiver's authorization through the Internet to make a transfer of funds from a consumer account of the receiver.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- An ACH debit entry initiated by an originator resulting from the receiver's authorization through the Internet to make a transfer of funds from a consumer account of the receiver.