Automated clearing house system
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(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
