A company (either a retail or service organisation) which collects payments from a customer's account in line with the customer's instructions. This only applies to direct debits or recurring transactions.
The person, location or ANI that initiated a call, order, etc.
The Fibre Channel N_Port responsible for starting an exchange. A FC originator is comparable to a SCSI initiator.
The person or organization who has authorized an ODFI to transmit a credit or debit entry to the account of a Receiver with an RDFI, or if the Receiver is also the RDFI, to such Receiver. In some cases the ODFI may also be the Originator.
This is the organisation 'originating' requests for collection by Direct Debit payments.
The organisation 'originating' requests for collection by Direct Debit payments and making Direct Credit payments.
Term to describe the creator of a digital product; the person who originally conceives the idea.
The person, company or organization that authorizes its financial institution to initiate a credit or debit transaction on its behalf to the account of a Receiver.
The individual or business that receives authorization from a customer to refund or charge their bank account.
The creator of a wire or ACH transfer. In the routing of a wire or ACH transfer, the originator is the company that created the transaction and submitted it to FirstBank for processing.
The originator is the individual or organization that is initiating the ACH transmission. For our purposes, the originator is the Commercial Customer using the Cash Management system.
Any individual, corporation, or other entity that initiates entries into the Automated Clearing House system.
A company that wants to collect regular payments electronically from its customers through the Direct Debit scheme. The company will have been sponsored into the Direct Debit scheme by its bank and enabled to initiate Direct Debit collections. Once set up, the Originator will be issued with an OriginatorÂ's Identification Number (OIN). This is unique to the company and is recognised by the scheme and participating banks and building societies. The OIN will always be printed on a Direct Debit Instruction.
A company or other business entity that creates entries for introduction into the ACH network. For example, a billing company produces debit entries from customers' financial institution accounts who have authorized direct payment for products and services.
any corporation, individual or other entity that initiates ACH entries
An originator is the person or organization that initiates an ACH entry.
Initiator of payment instructions to a financial institution.
the creator of an original primary message (first message of a transaction). Contrast interpreter.
The node that starts route determination when it needs to find a source route to a remote node on a Token Ring network. Also known as the initiator or originating station.
Any individual, corporation or other entity that initiates entries into the ACH Network, according to an arrangement with a Receiver. The Originator is usually a company directing a transfer of funds to or from a consumer's or another company's account. In the case of a Customer Initiated Entry (CIE), the Originator may be an individual initiating funds transfer activity from his or her own account. » PBR - Consumer Cross-Border Payment This Standard Entry Class Code is used for the transmission of consumer cross-border ACH credit and debit entries, allowing cross-border payments to be readily identified so that financial institutions may apply special handling requirements for cross-border payments, as desired. The PBR format accommodates detailed information unique to cross-border payments (e.g., foreign exchange conversion, origination and destination currency, country codes, etc.).
An organization, which collects payments from a customer's account in line with customer's instructions.
A term used when referring to the clearing of ACH, or Electronic Check, transactions to describe the person or corporate entity that has received authorization from a customer to refund or charge their bank account. For an Electronic Check transaction, the merchant is the “Originator.
User agent that initiates the transfer or Refer request with the recipient.
A financial institution that initiates a wire transfer or automated clearing house (ACH) payment.