Automated clearing house system: Difference between revisions
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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. | |||
== See also == | == See also == | ||
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* [[Electronic funds transfer]] | * [[Electronic funds transfer]] | ||
* [[Electronic lockbox]] | * [[Electronic lockbox]] | ||
* [[NACHA]] | |||
* [[Pan-European Automated Clearing House]] | * [[Pan-European Automated Clearing House]] | ||
* [[Payment order]] | * [[Payment order]] | ||
* [[Treasury workstation]] | * [[Treasury workstation]] | ||
* [[Payments and payment systems]] | |||
[[Category:Cash_management]] | |||
Latest revision as of 07:00, 1 June 2023
(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
- NACHA
- Pan-European Automated Clearing House
- Payment order
- Treasury workstation
- Payments and payment systems
