Overview - Nacha - Homepage | Nacha
Synonym; Description; Initiating Party. Originator. Party sending the payment information. This may be the payer itself, an agent, Service Bureau, or the parent company shared service center . Debtor. Ordering Party. Buyer. Party that owes an amount of money to the (ultimate) creditor and whose account is debited with the payment. Ultimate Debtor. Ultimate Payer. Party that originally ordered ... ................
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