Automated clearing house system: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>Doug Williamson (Note that ACH payments are direct bank-to-bank transactions.) |
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A domestic electronic clearing system in which payment orders are exchanged among financial institutions, primarily via magnetic media or telecommunication networks, and handled by a data-processing centre. | A domestic electronic clearing system in which payment orders are exchanged among financial institutions, primarily via magnetic media or telecommunication networks, and handled by a data-processing centre. | ||
ACH payments are direct bank-to-bank transactions. | |||
Revision as of 16:32, 10 February 2017
(ACH).
A domestic electronic clearing system in which payment orders are exchanged among financial institutions, primarily via magnetic media or telecommunication networks, and handled by a data-processing centre.
ACH payments are direct bank-to-bank transactions.
See also
- Accounts receivable conversion
- Accounts receivable management
- ACH credit transaction
- ACH debit transaction
- ACH operator
- Cash concentration or disbursement
- CORE system
- Electronic check
- Electronic funds transfer
- Electronic lockbox
- Pan-European Automated Clearing House
- Payment order
- Treasury workstation
- Payments and payment systems
