BILLBACK Definition

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BILLBACK, in e-commerce and credit card transactions, is a means of recovering or reducing interchange fees for transactions clearing differently than planned. The processing company (FDC) passes through the charges to the merchant.

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UNITIZE is to separate or classify into units, e.g. auto manufacturers unitize along model designations.

940 FORM is the U.S. IRS Employers Annual Payroll Tax form.

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