A regulation promulgated by the Federal Reserve Board of Governors in order to ensure consumers of a minimum level of protection in disputes arising from electronic funds transfers.
What is Regulation E
100
Corporate Payment formats used by RDFIs to transmit electronic acknowledgments of receipt of ACH credit payments originated using the CCD or CTX formats.
What is ACK and ATK
100
Payment format used by Originators to convert eligible source documents received via the U.S. mail or at a dropbox location to ACH debit entries for the payment of goods or services.
What is Accounts Receivable Entry (ARC)
100
A data security technique used to protect information from unauthorized inspection or alteration.
What is Encryption
200
EFTPS
What is Electronic Federal Tax Payment System - electronic remittance processing system developed by the U.S. Tresury for tax payers to make Federal tax deposits and Federal tax payments.
200
A regulation promulgated by the Federal Reserve Board of Governors that established the procedures for the interbank system of collecting checks and wire transfers and related provisions for settling balances, and transferring funds in the Federal Reserve System.
What is Regulation J
200
A payment format used by Originators to convert eligible source documents received in-person or at a manned bill-pay location for the payment of goods or services.
What is Back Office Conversion Entry (BOC)
200
Checks deposited into a bank are held at the bank instead of being physically sent to the drawee bank. Information from the checks is transmitted electronically from the deposit bank to the drawee bank for payment.
What is Check Truncation.
200
The standards for the security of financial messages are developed, maintained, and published by _________
What is ASC X9
300
EDIFACT
What is Electronic Data Interchange for Administration, Commerce, and Transportation
- Set of message standards approved by the United Nations
300
The NACHA Operating Rules were adopted by ____________ as the rules governing all Federal government ACH payments.
What is 31 C.F.R. Part 210
300
A credit entry initiated by or on behalf of the holder of a Consumer Account to effect a transfer of funds to the account of the Receiver.
What is Customer-Initiated Entry (CIE)
300
An ACH debit entry initiated in the event that a cash letter containing eligible items is lost or destroyed, or is otherwise unavailable to and connot be otained by the ODFI.
What is Destroyed Check Entry (XCK)
300
_______ is generically used to refer to the standardized format for inter-industry data exchange.
What is ASC X12
400
S.W.I.F.T.
What is Society for Worldwide Internation Financial Telecommunication
- Worldwide interbank telecommunications network
400
_________ governs bank deposits, including check collection.
What is UCC Article 4
400
Information sent by an RDFI to notify the ODFI that previously valid information for a Receiver has becom e outdated or that information contained in a prenotification is erroneous.
What is Notification of Change (NOC) - COR
400
MICR stands for _________.
What is Magnetic Ink Character Recognition.
400
A publicly available mathematical calculation that is used in conjunction with confidential security keys to perform the processes of Authentication and Encryption.
What is Data Encryption Standard (DES) Algorithm
500
UCC
What is Uniform Commercial Code
- Body of law that governs the rights and responsibilities of parties involved in paper and electronic value transfers
500
________ governs negotiable instruments, including checks. Specifically the body of the check.
What is UCC Article 3
500
An electronic method of enrollment that allows the ACH Network to be used by a DFI to transmit ACH enrollment information for both credit and debit applications to Federal government agencies on behalf of its account holder.
What is Automated Enrollment Entry (ENR)
500
A single ____ entry may be accompanied by up to 9,999 Addenda Records, enabling the ODFI to use a single entry to carry information from multiple checks.
What is Truncated Entries (TRX)
500
A 64 bit code that is the unique result of the application of the DES algorithm to a particular string of data in the process of message authentication.