Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit payroll and vendor payments. ACH direct debit transfers include consumer payments on insurance premiums, mortgage loans, and ot...
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http://en.wikipedia.org/wiki/Automated_Clearing_House
(ACH) A facility used by financial institutions to distribute electronic debit and credit entries to bank accounts and settle such entries. Under the automated clearinghouse system, banks exchange checks and drafts drawn upon each other and settle their daily balances.
Found on
http://www.lectlaw.com/def/a112.htm
(ACH) A Federal Reserve Bank or private financial institution acting as a clearinghouse for direct deposit transactions. Entries are received and transmitted by the ACH under the rules of the association.
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http://www.translationdirectory.com/glossaries/glossary295.php
(ACH) ACH securely and efficiently transfers funds electronically through participating financial institutions.
Found on
https://www.encyclo.co.uk/local/21405
No exact match found.
