ACH
Automated Clearing House service.
alert event
The grouping of alerts at the trigger level. Alert events will be grouped by an alert type. One alert event can be mapped to one or more trigger in the interfacing application.
available balance
The portion of the commercial account ledger balance against what the bank normally limits the account holder to draw. Ledger Balance – Float = Available Balance. This balance is also referred to as good funds, immediately available funds, or usable funds. Frequently, the term “Collected Balance” is used to describe “Available Balance”.
BAI
Bank Administration Institute Balance Reporting Specifications Version 2. A BAI (Bank Administration Institute) file contains comma separated data.
BIC
The bank identifier code that SWIFT uses to identify a particular bank.
CARDS
Credit Card Account.
Client Released
In the Electronic Funds Transfer service, this is the payment file you create and maintain is processed by the system only when you release the file for processing. You control the delivery schedule and the value date for when the payments are to be delivered.
CPA
Canadian Payments Association.
credit account
Any of the following types of accounts: Credit Card (CARDS), Line of Credit (LOC), Loan (LOAN).
CSV
Comma-separated values.
DDA
Demand Deposit Account.
deposit account
Any of the following types of accounts: DDA (Demand Depost Account), DXA (Data Exchange Account), FCA (Foreign Currency Account).
DXA
Data Exchange Account.
EFT
Electronic Funds Transfer service.
ERD
Electronic Reports Delivery service.
FACS
FirstBank Automated Clearing System.
FBPS
FirstBank Bill Payment.
FCA
Foreign Currency Account.
FTF
File Transfer Facility service.
investment account
Canadian investment account at BMO.
LOC
Line of Credit Account.
OFX
Open Financial Exchange, a unified specification for the electronic exchange of financial data between financial institutions, businesses, and consumers via the Internet.
PIN
Personal Identification Number. A secret password shared between a user and the bank that can authenticate the user to the bank.
SWIFT
The Society of Worldwide Interbank Financial Telecommunications is an international organization that issues messaging standards and provides message delivery services to financial institutions around the world.
TMA
Treasury Management Association.
UEN
Universal Entity Number. This identifies a company across the bank enterprise.