Fandom

The IT Law Wiki

Originator

32,198pages on
this wiki
Add New Page
Talk0 Share

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Definition Edit

Financial institution Edit

An Originator is

the entity that agrees to initiate ACH entries into the payment system 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.[1]

Telecommunications Edit

The originator of an electronic communication means

a party by whom, or on whose behalf, the electronic communication has been sent or generated prior to storage, if any, but it does not include a party acting as an intermediary with respect to that electronic communication.[2]

References Edit

  1. "Understanding the ACH Network: An ACH Primer," at 10 (full-text).
  2. United Nations Convention on the Use of Electronic Communications in International Contracts, art. (4)(d).

Also on Fandom

Random Wiki