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== Definition ==
 
== Definition ==
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=== Financial institution ===
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A '''receiver''' is
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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>}}
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=== Telecommunications ===
   
 
A '''receiver''' is the listening device part of a telephone [[handset]].
 
A '''receiver''' is the listening device part of a telephone [[handset]].
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== References ==
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<references />
   
   

Revision as of 04:56, 21 April 2012

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]

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.


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