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Definition Edit

Financial Edit

A third-party sender is

[a] special subset of a technology service provider that is authorized to transmit ACH files on behalf of an originator. Typically, the ODFI must rely upon warranties by the third-party sender regarding the originators' identity and credit worthiness, which places additional risks on the ODFI.[1]

References Edit

  1. Information Society IT Examination Handbook, Retail Payment Systems, App. B, Glossary.

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