A party, which processes ACH files and or items on behalf of one of the participants in the ACH system. Examples of third party processors are payroll processing companies which create ACH files for transmission to the ACH Operator on behalf of an Originator or ODFI, a data processing company which receives incoming ACH files and processes them for an RDFI, or a correspondent bank which processes ACH files for its correspondent. Under the ACH rules, third party processors are essentially invisible; the party they are processing for bears virtually all of the liability and risk for their third party processor's actions.
A company that receives and processes ACH transaction data for a financial institution.
a company that passes your transactions though their own merchant processor
an independent processor that is contracted with by a Bank or credit card Processing company to conduct some part of the transaction process
a provider of communications, authorizations, and settlement services, and is contracted for and by the Independent Sales Organization (ISO) and its Acquirer
A non-member agent, employed by an acquiring bank, which provides authorization, settlement and merchant services to the bank's merchant.
a company that processes transactions on behalf of the banks or other participants to those transactions.
Companies that enter into third party agreements with Issuer and acquirer banks to process settlements.
A non-member agent employed by an acquiring bank, which provides authorization, settlement, and non-merchant services to a merchant.
A non-member agent contracted by a member to provide authorization, processing and merchant services.
An organization that is not an association member contracted by issuers and acquirers to provide authorizations, processing, merchant services, and cardholder services.