Automated Universal Data definition

Automated Universal Data. , or “AUD”, means an automated, online form that Data Furnishers use to transmit interim maintenance requests to update or delete previously reported accounts. An AUD is designed to be used by Data Furnishers if: a Consumer files a dispute with the Registrant (as specified in Section 623(a)(8) of the FCRA) and the Data Furnisher must investigate and respond prior to its normal reporting cycle; the Data Furnisher determines that the data reported is not complete or accurate and determines it is necessary to report the information in the interim period (as specified in Section 623(a)(2)(B) of the FCRA); and the Data Furnisher needs to report a change that has occurred in an account prior to its next normal reporting cycle.
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Automated Universal Data or “AUD”, means an automated, online form that Data Furnishers use to transmit interim maintenance requests to update or delete previously reported accounts. An AUD is designed to be used by Data Furnishers if: a Consumer files a dispute with the Registrant (as specified in Section 623(a)(8) of the FCRA) and the Data Furnisher must investigate and respond prior to its normal reporting cycle; the Data Furnisher determines that the data reported is not complete or accurate and determines it is necessary to report the information in the interim period (as specified in Section 623(a)(2)(B) of the FCRA); and the Data Furnisher needs to report a change that has occurred in an account prior to its next normal reporting cycle.
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Related to Automated Universal Data

  • Data Universal Numbering System+4 (DUNS+4) number means the DUNS number means the number assigned by D&B plus a 4-character suffix that may be assigned by a business concern. (D&B has no affiliation with this 4-character suffix.) This 4- character suffix may be assigned at the discretion of the business concern to establish additional SAM records for identifying alternative Electronic Funds Transfer (EFT) accounts (see the FAR at Subpart 32.11) for the same concern.

  • Data Universal Numbering System +4 (DUNS+4) number means the DUNS number assigned by D&B plus a 4- character suffix that may be assigned by a business concern. (D&B has no affiliation with this 4-character suffix.) This 4-character suffix may be assigned at the discretion of the business concern to establish additional SAM records for identifying alternative Electronic Funds Transfer (EFT) accounts for the same parent concern.

  • Automated teller machine means a device, linked to a financial institution's account records, which is able to carry out transactions, including, but not limited to: account transfers, deposits, cash withdrawals, balance inquiries, and mortgage and loan payments.

  • Data Universal Numbering System (DUNS) number means the 9-digit number assigned by Dun and Bradstreet, Inc. (D&B) to identify unique business entities.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.