ANSWERS: 5
  • It refers to the merchant bank account credits or debits for deposits, fees and adjustments. www.firstdata.com/abt_gloss_D.jsp
  • I believe it would be the Demand Deposit Account, but I'm not sure if there are other acronyms that pertain to banking, here. This is just one I learned in class. I took this from the cited website (will attach) because it says it better than I could. "The merchant bank account that the acquirer/processor credits or debits for deposits, fees, and adjustments. Also used by consumers for funds access. Funds can be accessed by check, debit card, or the Automated Clearing House (ACH). Also called a checking account." http://www.bankcardcentral.com/bankcard-central-faq/Demand-Deposit-Account-DDA.html
  • It could be: Demand Deposit Account (DDA) Usually abbreviated as DDA, it refers to the merchant bank account credited or debited for deposits, fees and adjustments. http://www.savantor.com/FinancialGlossary.asp?ArticleRef=363&Article=Demand_Deposit_Account_(DDA) Or: Due Diligence Act "DDA is not about banking secrecy but about fighting money laundering" http://www.seeger.li/desktopdefault.aspx?tabid=262
  • Demand Deposit Account - a transactional account in which you deposit money that will be available for withdrawal. Direct Deposit Advice - if your paycheck is deposited directly to your account by your employer, the DDA is similar to a pay stub. It lists your gross and net pay along with your withholding and other deductions. You’ll receive an advice in place of your paycheck.
  • DEMAND DRAFT IN ACCOUNT

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