Posted on December 30th, 2007 by Sanjit Anand |
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Glossary of terms used in payments
- ACH Automated Clearing House
- BOC Back Office Conversions
- COGS Costs of Goods Sold
- DTC Depository Transfer Check
- EFT Electronic Funds Transfer
- FAS Financial Accounting Standards
- GDR Global Depository Receipt
- HPR Highly Protected Risk
- IRD Image Replacement Document
- JIT Just-in-Time Inventory
- KFC Kansas City Financial Center
- L/C Letter of Credit
- MICR Magnetic Ink Character Recognition
- NACHA National Automated Clearing House Association
- OBSA Off-Balance Sheet Arrangements
- POP Point-of-Purchase
- RCK Re-Presented Check Entries
- STP Straight Through Processing
- TEL Telephone Initiated Entry
- UCC Uniform Commercial Code
- VAT Value Added Tax
- WIP Work-in-Progress
- XBRL eXtensible Business Reporting Language
- YTM Yield-to-Maturity
- ZBA Zero Balance Accounts