Chargebacks Glossary

Your go-to resource for understanding payment, fraud, and banking terminology with clear definitions from Acquirer to Zero Liability

ABA (American Bankers Association)

The American Bankers Association (ABA) is a trade association founded in 1875 to represent and support the US banking industry. It plays a crucial role in advocating for banks, offering educational resources and helping shape economic policies.

One of the ABA's key contributions to the payments industry is the creation of the ABA routing number. This nine-digit code is vital for identifying specific banks and ensuring transactions are processed smoothly and accurately.

ABA standards have drastically improved banking operations, making it easier to manage payments across the nation and beyond. This is essential for a thriving economy.

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