what is an aggregated payee
Aggregated Payee: A person who receives payments from a payment settlement entity on behalf of one or more participating payees and distributes such payments to one or more participating payees. An aggregated payee is treated as the participating payee with respect to the payment from the payment settlement entity and as the payment settlement entity with respect to the participating payees to whom the person distributes payments. Gross Amount: The total dollar amount of aggregate reportable payment transactions for each participating payee without regard to any