ACH Network & Other Payment Systems

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Across
  1. 2. RTP and FedNow payments are executed through a sequence of ______ transmissions.
  2. 3. Check transactions are this type of payment instrument.
  3. 6. Party obligated to pay on a check.
  4. 7. With regards to payment, Fedwire Funds is a credit-______ system.
  5. 13. Financial institution who processes ACH transactions to the Receiver's account.
  6. 15. Used to withdraw cash at an ATM or pay for goods or services at the point-of-sale.
  7. 18. ACH processes from beginning to end through a series of legal __________.
  8. 19. Participant who initiates a Message Status Report to FedNow.
  9. 20. Oldest form of payment in the world.
  10. 22. Type of gross settlement system used by Fedwire Funds, FedNow and RTP.
  11. 23. Third party processing ACH transactions on behalf of an Originator and has an Origination Agreement with the ODFI.
Down
  1. 1. Type of Third-Party Sender (TPS) in an agreement with another TPS to act on behalf of an Originator and does not have a direct agreement with the ODFI transmitting the ACH file into the Network.
  2. 4. Acronym for third party who transmits files to or receives files from the ACH Operator on behalf of financial institutions.
  3. 5. Checks sent to another institution for collection.
  4. 7. Party due payment indicated on a check.
  5. 8. Central clearing facility for ACH entries.
  6. 9. Individual issued or authorized to use a debit card.
  7. 10. Card product where balance is not associated with a DDA.
  8. 11. Type of settlement system used by ACH and check.
  9. 12. Entity authorized to initiate an ACH entry to a Receiver's account.
  10. 14. A natural person or organization who has authorized an Originator to debit or credit its account.
  11. 16. Type of processing in the ACH Network.
  12. 17. Type of payments processed via FedNow.
  13. 21. ACH participant who receives payment instructions from an Originator.