Section 5

Glossary of terms

ARP – Account Reconcilement Plan – the name of the reconciliation service Key offers.

Cancel – A request that is made by you to remove a check issue from the outstanding balance (full reconcilement only). It should only be used for a check that is in your possession.

Duplicated Paid – A check is currently being presented that was paid previously.

Issue – Data you provide related to checks issued from your Key account.

Key – KeyBank.

PNI – Paid No Issue. An item that has paid but no issue information was provided in the data file.

Sequence # – An eight-digit number listed on your Reconcilement Report for every paid check, which is Key’s internal ID number assigned to each check.

Void – See the definition of cancel.