Pan-European Automated Clearing House

(PE-ACH). A facilitator for low-value electronic payments across Europe. The Euro Banking Association’s (EBA) STEP2 was the first PE-ACH to be introduced. The development of the pan-European direct debit will be the next phase.

See also

• Automated clearing house system
• Euro Banking Association
• EURO1
• Single Euro Payments Area
• STEP2