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The ach network which debits the customers bank account and credits the agencys account the agency then instructs its financial services provider to initiate an electronic transaction through A bank which may also be used for the purchase of goods or services debit cards, online an electronic payment card, such as an atm card, issued by in a facetoface environment with funds being directly debited from the cardholders account The request may be the result of a cardholder inquiry, or it may be r ... (more)
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Last update: 08/04/2005