Digital Banking

In banking, ACBS (Automated Commercial Banking System) is a specialized software platform that manages the entire commercial lending lifecycle, from loan origination and documentation to administration and risk management, in...

PNC stands for Pittsburgh National Corporation and Provident National Corporation, the two banks whose 1983 merger created the company. The acronym is a direct combination of those two institutions' names,...

What is positive pay in banking? Positive pay in banking is a fraud prevention service where businesses electronically submit check details, such as check number, date, and amount, to their...

ODP meaning in banking refers to Overdraft Protection or Overdraft Privilege, a service that acts as a financial safety net to cover transactions when your checking account lacks sufficient funds....

In banking, what does ITF mean? It stands for "In Trust For," and designates an informal revocable trust account where one person (the trustee or account holder) manages funds for...

In banking, a draft is a payment instrument drawn on the bank's own funds, not on your personal account, which guarantees the recipient that the money will be paid. This...

What is a Dividend in Banking? A dividend in banking is a portion of a bank's profits distributed to its shareholders as a return on their investment. When a bank...

What Is ARP In Banking? In business banking, ARP stands for Account Reconciliation Program (or Process), a service that helps companies automatically match their internal financial records, such as issued...

What Is A Dispute In Banking? A dispute in banking is a formal request you submit to your bank or credit card issuer challenging a transaction that you believe is...