Definition[edit | edit source]

Financial institution[edit | edit source]

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 | edit source]

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 | edit source]

  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).
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