Automatic Clearing House. A nationwide electronic funds transfer network which...

Automated Clearing House. This is a national network that allows for transferring funds electronically between businesses, consumers and financial institutions.

Automated Clearinghouse. An electronic payment program that allows ABI filers to pay CBP duties, taxes, and fees with one electronic transaction.

utomated learing ouse - group of processing institutions linked by a computer network to process electronic payment transactions between financial institutions.

See automated clearinghouse.

automated clearing house. The ACH network is a nationwide electronic funds transfer system for participating depository financial institutions. The American Clearing House Association, Electronic Payments Network, Federal Reserve and Visa act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH debits and credits. The ACH network serves 20,000 financial institutions, 3 million businesses, and 100 million individuals. The ACH Network is commonly used for direct deposit of payroll and government benefits such as Social Security, direct payment of consumer bills, business-to-business payments, federal tax payments, and, increasingly, e-commerce payments. In 2000 there were 6.9 billion ACH payments made worth more than $20 trillion.

Automatic Check Handling. ACH can also mean Automatic Clearinghouse. ACH is a form of epayment or electronic payment. There are two ways payments can be transferred: (1) by wire transfer, or (2) through an automated clearinghouse. Wire transfer is an e-payment system that is designed to handle high-dollar, time-crucial payments, usually between large banks. ACH is designed to be an e-check or electronic check. Unlike the wire transfer, it is usually used to process higher volumes or small-dollar payments for settlement issues within 1 to 2 business days. All ACH transactions are settled pretty much the same way checks are. The clearinghouse takes all of the ACH files received daily from member banks, it then divides them by the originating bank (where the check was either cashed or deposited) and the paying bank (the bank where the check was drawn), then it totals the accounts, and credits or deducts the accounts accordingly.

The Automatic Clearing House (ACH) handles the automatic electronic debit to a checking or savings account for loan repayment.

Association – ( utomated learing ouse) formed by financial organizations to monitor and control electronic transfers; it is similar to the Federal Reserve in that it acts as an intermediary between financial institutions in transferring credits and debits.

Automatic Clearing House. A national electronic network that transfers funds between banking institutions on behalf of the merchants and their customers.

An organization that facilitates the electronic movement of money between parties. ACH is also used as a verb describing the movement of money.

Automated ClearingHouse, a batch processing, store and forward system for the electronic clearing of payments and related information. The ACH infrastructure, a combination of federal and private sector initiatives, supports the electronic conversion, clearing and settlement of various categories of payments traditionally made by check, including payroll, remittance and point-of-sale checks.

An acronym for the processing of electronic transactions via the Federal Reserve System.

The system by which funds are transferred electronically between banks within the United States. Payment orders through the ACH system are transmitted through Federal Reserve banks throughout the United States.

Also referred to as direct deposit, the electronic banking network in the U.S. through which payments are sent to or from banks and their customers. The ACH network allows Transamerica IDEX to deposit money directly into a shareholder's bank account for things such as dividends, or redemptions (either as requested or under a Systematic Withdrawal Plan on a recurring schedule). Payments flow the other way as well where shareholders purchase Transamerica IDEX fund shares, paying for them via money transferred from their bank account. Direct deposit is faster, more secure/private, convenient and less costly than paying by check.

A group of U.S. processing institutions that have networked together to exchange (clear and settle) electronic debit/credit transactions. All electronic draft capture (EDC) merchants receive credit for their deposits via ACH, and discount fees are debited from all merchants via ACH.

Automated Clearing House. A regional organization used by member banks to electronically transfer funds between members.

(Automated Clearing House) An electronic transmission of money from one institution to another. Can be established for the purpose of automatic investment or SWP.

Automated Clearing House. A banking industry mechanism used between banks for the exchanging of funds and information among trading partners. Bar Code – A series of bars printed on labels which contain UPC codes, price, stock number, etc. Usually placed on individual items, individual box, carton, pallets, and containers.

The Automated Clearing House system used to transfer payments electronically.

The inter-bank system used to electronically process payments by check. Most U.S. banks participate; they will honor checks drawn on other banks and deposit payments electronically.

Is the Automated Clearing House.

Automated Clearing House. the ACH acts as a central facility for processing electronic payments and receipts. Given the national scope and function of the ACH system, your members’ dues payments can be debited from virtually any account at any bank, savings and loan, credit union or other participating financial institution, regardless of geographic location in the United States.

(Automated Clearing House) ACH is a payment option that withdraws the exact payment amount from the bank account of your choice. When placing an order, simply check ACH on your Order Form. Once we receive your signed Order Confirmation, we will fax an ACH authorization. Simply provide your account information, sign and fax back. We will process your payment within 5 business days. For your protection, we require a completed authorization form for each order.

AUTOMATED CLEARING HOUSE. A nationwide payment and collection system that provides for electronic distribution and settlement of funds. Although the term Electronic Fund Transfer (EFT) is technically more inclusive than the term ACH, the term EFT is often used synonymously with ACH..

An abbreviation for Automated Clearing House, a widely used system for processing automated deposits directly into and withdrawals from bank accounts.

Automated Clearing House. This is a highly reliable and efficient nationwide electronic funds transfer system to provide for the inter-bank transfer of electronic payments. CircleLending uses ACH to transfer funds between borrowers' and lenders' bank accounts.

Allows for the exchange and settlement of electronic payments between financial institutions.

Automated Clearing House. A computerized facility that electronically processes debits and credits among member financial institutions.

Automated clearing house. Computer-based clearing and settlement facility for interchange of electronic debits and credits among financial institutions.

The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA OPERATING RULES which provide for the interbank clearing of electronic payments for participating depository financial institutions. www.nacha.org

Automated Clearing House, a network of financial institutions providing electronic funds transfer services.

AUTOMATED CLEARING HOUSE. A secure payment transfer system that connects all U.S. financial institutions. The ACH network acts as the central clearing facility for all Electronic Fund Transfer (EFT) transactions that occur nationwide, representing a crucial link in the national banking system.

The paperless funds transfer system maintained by the Federal Reserve or other entities that have networks to exchange electronic funds transfer items.

Automated Clearing House. A computer-based interchange for clearing deposits and payments electronically.

This stands for Automated Clearing House. ACH is a system of the U.S. Federal Reserve Bank that provides electronic funds transfer between banks. It is the same kind of fund transfer transaction that is used for direct deposit of paychecks.

A form of electronic payment. ACH is designed to be an "electronic check." It is typically used to process high volumes of relatively small-dollar payments for settlement within one or two business days. The networks of participating organizations that use the ACH network settle and clear electronic debit transactions through the automated clearinghouse.

Electronic drafting system that debits an authorized bank account and electronically transfers the funds scheduled for remittance.

Automated Clearing House. A facility that processes electronic debit and credit transfer such as Direct Deposit or Automatic Payments.

Automated Clearing House; an electronic system and data format developed in the 1970s by the banking industry to automate the settlement of payments between banks.

One of a group of processing organizations that is networked together to exchange (clear and settle) electronic debit transactions.

Automated Call Handling - a passive version of IVR

Automated Clearing House-A method of transferring funds. Member banks wire instructions to the Automated Clearing House which then wires to the appropriate receiving bank.

Automated Clearing House. A type of payment system designed to allow corporations and consumers to reduce or eliminate the use of paper checks when making routine high-volume, low value payments. ACH systems process large volumes of individual payments electronically. Typical ACH payments include salaries, consumer and corporate bill payments, interest and dividend, and Social Security. Examples of private sector ACH providers in the U.S. include VISA, the New York Clearing House, and the American Clearing House.

automated clearing house. 32 regional bank networks used to process electronic transactions with a guaranteed collection float of 1 day

Automated Clearing House. a domestic payment system providing electronic check clearing but with additional information, more reliable and cost efficient

Automated Clearinghouse, may be used to streamline the electronic transfer of funds.

Automated clearing house. A method of transferring funds between the banks and financial institutions via the Federal Reserve System.

Automated Clearing House. The Automated Clearing House is a paperless entry system controlled by the Federal Reserve. This system is networked with other banks in order to clear and settle debit and credit transactions without the use of physical checks.

Automated Clearing House. An alternative method for pre-authorized, electronically transmitted transfers of funds between one person's or organization's account to another's.

An automated clearing house (ACH) is a service which enables the management and settlement of electronic transactions within a given country and specified clearing cycle period, operating typically on working days only. In the UK, this function is performed by BACS Ltd, which is owned by a number of banks and financial institutions on behalf of the payments industry.

Automated Clearing House is one of the Federal Reserve Board's mechanisms for the Interbank electronic transfer of funds.

Automated Clearing House ( link to)

Automated clearing house. The networks used as a means to transfer money electronically between accounts at different institutions, usually in one day.

Automated clearing house. A facility provided to handle payments between financial institutions electronically rather than by paper based transactions.

Automated Clearing House. A central distribution and settlement point for electronic items, including funds, exchanged between depository financial institutions. The ACH funds transfer system is governed by the Rules of the National ACH Association ( NACHA).

(Automated Clearing House) A method of electronic payment typically used to process a group of transactions that are each for relatively small amounts. ACH transactions function like "electronic checks" that are settled (paid) within one or two business days using procedures that are similar to the way that paper checks are settled.

See: Automated Clearing House

Automated Clearing House. The Automated Clearing House (ACH) Network is a US nationwide electronic payments system used by more than 20,000 participating financial institutions, over 3.5 million corporations, and 130 million consumers. ACH is a method of transferring funds between banks via the Federal Reserve System and is used as a synonym for electronic check processing in the USA.

Automated Clearing House. A pre-authorized, electronic method of transferring funds between accounts.

Automated Clearing House. An agency which acts as an electronic transfer center. Used by payroll for direct deposit of employee payments. (Commonly used as a reference term for the direct deposit system.)

Automated Check Clearing House - NACHA governed financial network that is reponsible of processes electronic payments.

Automated Clearing House. funds transfer system governed by the NACHA Operating Rules which provides for the interbank clearing of electronic entries for participating financial institutions.

Automated Clearing House - a process whereby funds are directly transferred through the Federal Reserve system to a specified checking account

Automated Clearing House. A central automated clearing house facility that: receives paperless entries from ODFI's (originating deposit financial institutions) distributes entries to RDFI's (receiving deposit financial institutions) performs the settlement function with the Federal Reserve Bank on behalf of those institutions