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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