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{{Quote|[a]n individual, corporation, or other entity that has [[authorized]] a company or an [[originator]] to initiate a credit or debit entry to a [[transaction]] account belonging to the receiver held at its [[RDFI]].<ref>[[Information Society IT Examination Handbook]], Retail Payment Systems, App. B, Glossary.</ref>}}
 
{{Quote|[a]n individual, corporation, or other entity that has [[authorized]] a company or an [[originator]] to initiate a credit or debit entry to a [[transaction]] account belonging to the receiver held at its [[RDFI]].<ref>[[Information Society IT Examination Handbook]], Retail Payment Systems, App. B, Glossary.</ref>}}
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{{Quote|a natural person or an organization which has authorized an [[Originator]] to initiate an [[ACH]] entry to the Receiver’s account with the [[RDFI]]. A Receiver may be either a company or a [[consumer]], depending on the type of [[transaction]].<ref>"Understanding the ACH Network: An ACH Primer," at 1 ([http://www.ippay.com/downloads/ACH_101.pdf full-text]).</ref>}}
   
 
=== Telecommunications ===
 
=== Telecommunications ===

Revision as of 18:02, 9 February 2014

Definition

Financial institution

A receiver is

[a]n individual, corporation, or other entity that has authorized a company or an originator to initiate a credit or debit entry to a transaction account belonging to the receiver held at its RDFI.[1]
a natural person or an organization which has authorized an Originator to initiate an ACH entry to the Receiver’s account with the RDFI. A Receiver may be either a company or a consumer, depending on the type of transaction.[2]

Telecommunications

A receiver is the listening device part of a telephone handset.

References

  1. Information Society IT Examination Handbook, Retail Payment Systems, App. B, Glossary.
  2. "Understanding the ACH Network: An ACH Primer," at 1 (full-text).


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