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  2. Electronic benefit transfer - Wikipedia

    en.wikipedia.org/wiki/Electronic_benefit_transfer

    All states have systems that use magnetic stripe cards and "on-line" authorization of transactions. When paying for groceries, the SNAP customer's card is run through an electronic reader or a point of sale terminal (POS), and the recipient enters the PIN to access the food stamp account. Then, electronically, the processor verifies the PIN and ...

  3. What Time Does Direct Deposit Hit? - AOL

    www.aol.com/best-banks-early-direct-deposit...

    How To Set Up Direct Deposits. You must fill out a form provided by an employer or the government to set up direct deposit. ... 1 Early access to direct deposit funds depends on the timing of the ...

  4. ACH Network - Wikipedia

    en.wikipedia.org/wiki/ACH_Network

    In 2001, there was a major reorganization of Nacha which led to financial institutions insured by the Federal Deposit Insurance Corporation becoming direct members, making it much easier for the ACH network to be used by banks; that same year internet payments also went into effect, which would go on to be a big part of ACH payments.

  5. Fiat money - Wikipedia

    en.wikipedia.org/wiki/Fiat_money

    Pilgrims would deposit valuables with a local Templar preceptory before embarking for the Holy Land and receive a document indicating the value of their deposit. They would then use that document upon arrival in the Holy Land to receive funds from the treasury of equal value.

  6. Overdraft - Wikipedia

    en.wikipedia.org/wiki/Overdraft

    The first overdraft facility was set up in 1728 by the Royal Bank of Scotland.The merchant William Hogg was having problems in balancing his books and was able to come to an agreement with the newly established bank that allowed him to withdraw money from his empty account to pay his debts before he received his payments.

  7. Authorization for Use of Military Force of 2001 - Wikipedia

    en.wikipedia.org/wiki/Authorization_for_Use_of...

    The Authorization for Use of Military Force (AUMF) (Pub. L. Tooltip Public Law (United States) 107–40 (text), 115 Stat. 224) is a joint resolution of the United States Congress which became law on September 18, 2001, authorizing the use of the United States Armed Forces against those responsible for the September 11 attacks.

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