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Across
5. Handles 80 characters of addenda
multiplied by 9,999.
6. Used for concentration. Adds 80
characters to the normal 94
8. Payments authorized over the
internet.
9. WEB, TEL, ARC, CCD, PPD and CTX
are forms of this type of
transaction.
10. Since your check
didn't work, we'll try this!
11. Take the information off of a
check that's written to your company and convert that information into an ACH.
13. The Senders' Bank.
15. The law of electronic transactions.
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Down
1. International financial data
transfer system.
2. "The Man" as far as ACH
is concerned.
3. Used for business concentration of
funds. Allows 94 characters of
addendum.
4. Debits authorized by telephone
5. When your cable bill is paid
electronically because you
authorized your bank to do so, you
have initiated a ___.
7. You pay by check, it's scanned and handed back to you.
8. Faster than a speeding ACH
transaction.
9. Payments sent to lockbox but
converted to ACH
10. The Receivers' Bank
12. Direct Deposit of Payroll
14. Manages the ACH and Wire System in
the US.
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