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ABA
The 9-digit number (8 digits and a check verification number) devised by the American Bankers Association (ABA) that identifies a specific financial organization.
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Account Related Alert
A message notification that notifies you when an event has occurred that is specifc to your checking or savings account. For example, when your account is below a set minimum balance or if your account has a negative balance.
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ACH
Automated Clearing House. An electronic funds-transfer system run by the National Automated Clearing House Association (NACHA). Also an Online Banking service that allows you to make payments, including Federal and State tax payments, and collections.
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ACH Collection
Online Banking service that allows you to collect funds from other accounts and move funds to a single company-owned account at the financial organization.
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ACH File Upload
The process of uploading an ACH file to your financial organization. During the upload process,the file format and integrity are verified to ensure compliance with NACHA standards.
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ACH Payment
Online Banking service that allows you to manage payments to your vendors and suppliers.
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Alert
A message that informs you that a specific event has taken place. For example, when your account is below a set minimum balance.
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Amount Type
A part of the ACH addenda record for the Online Banking State Tax service. The values for this part of the ACH addenda record include 'T' for tax, 'I' for interest, 'P' for penalty.
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Approval Administration
Ability to specify the number of approvals that will be required before a transaction will be transmitted and sent for processing. It also provides the capability to vary the number of approvals based on the amount of a transaction.
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BAI
Bank Administration Institute. Focused on enhancing organizational performance for financial services.
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BAI2
Format used for the exchange of financial data between finanical organizations. Many treasury workstations used by large corporations take input files in BAI2 format and parse the data for use within the workstation. This format is most often used by middle market to large corporate customers.
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Batch
A group of transactions formatted into a NACHA file. The batch consists of a batch header (5 record), batch footer (8 record) and one or more entry detail transactions (6 record).
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Book Transfer
Service that allows the transfer of funds from one account to many accounts (a debit type transfer), or from many accounts to one account (a credit type transfer). The one account is referred to as the Source Account for one to many transfers, and the destination account for many to one transfers.
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CCD
Cash Concentration or Disbursement. An ACH debit or credit from or to a business account.
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CCD+
Cash Concentration or Disbursement. An ACH debit or credit from or to a business account plus an addenda record in the NACHA file.
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CSV
Comma-Separated-Values. A type of data format in which each piece of data is separated by a comma. Comma-separated-values file format for use in spreadsheet programs. For Windows customers, this file format can be used with any spreadsheet program. For Macintosh customers, this file format can only be used with Microsoft Excel©.
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Current Balance
Today's starting balance plus or minus any current-day transactions that have not yet completed or cleared.
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Custom Alert
A notification containing message text you created, which is automatically sent to on the dates/frequency defined by you.
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Cut
The ACH process where all payments that are transmitted by a user are bundled and formatted into a NACHA file and sent for processing.
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EFTPS
Electronic Federal Tax Payment System. Service that allows businesses to pay federal taxes electronically.
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EIN
Employer Identification Number. A unique 9-digit number used to identify a business taxpayer. Also known as a Tax Identification Number (TIN). For individual taxpayers, the Tax Identification Number is their Social Security Number (SSN).
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E-mail Address
Location to which an electronic mail message can be delivered. E-mail addresses cannot be longer than 64 characters. A 2- or 3-character extension after the period is required. For example, smith@example.com.
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Positive Pay
Online Banking service that enables companies to view, decision and approve exception items prior to check processing cutoff.
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Exception
Item that is presented to the financial organization that differs from the reconciliation file stored at the financial organization.
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Exception File
The report file output of Paid Errors resulting from the reconciliation performed by the Account Recon area between the Deposit nightly check processing and the Check Issue file provided by the Company.
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Exception Item
Item that is presented to the financial organization that differs from the reconciliation file stored at the financial organization.
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Federal Reserve System
The central banking system of the United States that is under the control of a central board of governors (Federal Reserve Board) with a central finanical organization (Federal Reserve Bank) in 12 districts, and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member financial organizations.
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Federal Tax
Online Banking service that allows you to manage the origination of Federal tax payment credits in compliance with the Internal Revenue Service EFTPS program.
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Fedwire
Wire transfer instructions sent for processing through the United States Federal Reserve banking system.
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Financial Organization
A state or federally-chartered depository organization, such as a bank, savings and loan, or credit union. Also known as financial institution.
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Frequency
The frequency of a recurring payment or transfer request. Frequency options include: Today only, One time, Weekly, Every other week, Twice a month - the 15th and last day of the month, Monthly, Monthly - last day of the month, Every three months, Every Three Months - last day of the month, Every six months, Every Six Months - last day of the month and Yearly.
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Full Account Reconciliation
Online Banking service that allows you to upload issue files prior to the last day of the recon cycle and view account reconciliation reports for account balancing.
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IBAN
International Bank Account Number. An international standard for identifying bank accounts across national borders.
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Intermediary
A financial organization that is used as a mediator to direct funds to another financial organization.
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Issue Type
The type of check issue item. Issues are customer issued checks that are entered as issue items. Void issues are checks which have been voided.
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Messages
Online Banking messages sent to you from us. These messages do not travel outside of Online Banking ensuring the security of confidential data such as account numbers or tax IDs. Unlike e-mail, these messages can only be read when logged in to Online Banking.
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NACHA
National Automated Clearing House Association. NACHA develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments in the areas of Internet commerce, electronic bill and invoice presentment and payment (EBPP, EIPP), e-checks, financial electronic data interchange (EDI), international payments, and electronic benefits services (EBS).
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NACHA File
National Automated Clearing House Association file format. The ACH record format specifications described in the NACHA Operating Rules and Guidelines are the accepted and warranted payment format standards for payments delivered through ACH. This can consist of one or multiple batches. Multiple customers for one financial organization may appear in one file.
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Navigation Bar
The left side of the browser page that lists entitled Online Banking services. Clicking a service name shows the submenus (functions) associated with the selected service. Clicking a submenu shows the submenu page.
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Non-account Related Alert
A message notification that notifies you when an event has occurred that is not specifically related to your checking or savings account. For example, when your Online Banking password has been reset.
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ODFI
Originating Depository Financial Organization. A participating financial organization that originates ACH entries at the request of and by (ODFI) agreement with it's customers. ODFIs must abide by the provisions of the NACHA Operating Rules and Guidelines.
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Originator
Any individual, corporation or other entity that initiates entries into the ACH Network.
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Passcode
For hardware tokens the Passcode is a combination of your PIN and Token Code. For software tokens, the Passcode is generated after you enter your PIN.
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Password
A sequence of characters that you must input to gain access to Online Banking.
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Payee
A company or organization that sends you a bill, invoice, or statement, usually a request for payment for a product or service.
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PEP+
The ACH processing standard for the financial industry that provides full automation for processing outgoing and incoming ACH transactions, reporting and settlement.
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Positive Pay
Online Banking service that enables companies to view exception items prior to check processing cutoff.
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PPD
Prearranged Payment and Deposit. An ACH debit or credit from or to a business account.
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PPD+
Prearranged Payment and Deposit plus an addenda record in the NACHA file. An ACH debit or credit from or to a business account.
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Prenotes
Prenotification entries. Zero dollar transaction used in the ACH network to provide a test of the account information and to alert the receiving financial organization that electronic transactions will be forthcoming.
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Processing Option
The processing date (next processing date or previous processing date) when a recurring payment or transfer request falls on a non-processing date.
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QIF
Quicken© Interchange Format. File format used for downloading transaction information into Quicken© software
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RDFI
Receiving Depository Financial Organization. Any financial organization qualified to receive ACH entries that agrees to abide by the NACHA Operating Rules and Guidelines.
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Real Time
Allows transactions to process immediately instead of being batched or stored in Online Banking. It provides up-to-date balances information, funds to be transfered immediately, and immediate action for stop payment requests. Not all financial organizations that provide Online Banking use Real Time.
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Receiver
An individual, corporation or other entity who has authorized an Originator to initiate a credit or debit entry to a transaction account held at an RDFI.
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Security Code
An optional field associated with the Wire service. This may be used by your financial organization for security purposes.
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Send On
The date a recurring payment or transfer request is scheduled to be transmitted.
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Service
A service is a collection of functions used to perform online banking tasks, such as bill payment.
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Stale Date
The date that the check issue item exceeded the established number of days an item remains an issue.
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Stop Payment
Request to stop payment on one or more checks. Typically, these requests are made when a check has been lost or stolen.
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Subcategory
A description used for itemizing tax payments for certain business tax forms, such as Tax Form 941 and 720. The total dollar amount of the sub categories must total the payment amount.
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SWIFT
Society for Worldwide Interbank Financial Telecommunication. Company that provides a shared worldwide data processing and communications link and a common language for international financial transactions.
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Template
Allows you to create and save a format that can be applied to frequent ACH payments, ACH collections, book transfers, and wires.
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TIN
Tax Identification Number. A unique 9-digit number used to identify a business taxpayer. Also known as Employer Identification Number (EIN). For individual taxpayers, the Tax Identification Number is their Social Security Number (SSN).
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Transit Routing Number
The 9-digit number (8 digits and a check verification digit) that identifies a specific financial organization. Also referred to as a ABA Routing Number.
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User Roles
Various entitlement levels that allow you to setup templates, approve transactions, or grant the user administrative privileges.
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Variance Amount
The difference between the Control Amount and the sum of the detail entry amounts for an ACH transaction.
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Web Connect
A download function within Online Banking that allows you to download account information to your respective Personal Financial Manager (PFM) software or access Online Banking from within your PFM.
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Wire
Method of transferring money from one entity to another. A wire transfer can be made from one entity's account to the other entity's account.
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Note: This glossary may refer to features and functions that are not accessible to you. If you have questions, please contact Customer Support.
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