AFT Record definition
AFT Record means information manually entered by a User under the AFT Service, including, but not limited to, information about the Payor or Payee associated with that particular AFT Record, to allow the Financial Institution to process the Pre-authorized Debit or Direct Deposit.
Examples of AFT Record in a sentence
Once the Depositor and any required Users have logged on to the AFT Service using the requisite Password and Multi-factor Authentication and has Released the AFT Record, uploaded the AFT File, or authorized the upload of the AFT File, such shall become an AFT Service Transaction.