Net settlement
A transfer of funds between parties in cash, negotiable items or on the books of a mutual depository (e.g., the Federal Reserve Bank), to complete one or more prior transactions and made subject to final accounting
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A transfer of funds between parties in cash, negotiable items or on the books of a mutual depository (e.g., the Federal Reserve Bank), to complete one or more prior transactions and made subject to final accounting
Back to glossaryAt the heart of our offer is a suite of products consisting of a virtual current account; a rules based fraud detection engine; a flexible use debit card and a virtual Mastercard.
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