The IT Law Wiki

Third-party sender

32,062pages on
this wiki
Add New Page
Add New Page Talk0

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.

Also on Fandom

Random Wiki