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Federal Reserve Bank
The central banking system of the United States, responsible for setting monetary policy.
Funds Availability
Funds availability is a banking term that refers to the length of time before a deposited check or electronic payment clears and becomes available for withdrawal or use.
UCC
The Uniform Commercial Code represents a detailed collection of statutes that regulate every commercial transaction across the United States.
Electronic Check Presentment
A process that allows financial institutions to exchange digital images of checks instead of physical checks for faster processing.
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