Remittance Processing Department definition
Remittance Processing Department means the operating area of Bank, or a third party engaged by Bank, which is responsible for retrieving payments from post office, opening mail, imaging and/or photo copying checks, encoding, depositing, reporting and creating data transmissions containing payment data, if so specified.
Examples of Remittance Processing Department in a sentence
The Employer shall remit to the Plan in a format approved by the CLAC Union’s Remittance Processing Department.