Automated Clearing House


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Related to Automated Clearing House: ODFI, NACHA

Automated Clearing House (ACH)

A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.

Automated Clearing House

An electronic funds transfer system allowing for the instantaneous transfer of money between users for payroll deductions, tax refunds, direct deposits, and more transactions. It is run by the National Automated Clearing House Association.
References in periodicals archive ?
A leader in the payments industry, NACHA develops operating rules for the Automated Clearing House Network and for emerging electronic payment solutions in the areas of Internet commerce, bill payment and presentment, financial electronic data interchange, cross-border transactions, electronic checks, and electronic benefits transfer.
Despite credit and debit cards and ATMs, the number of checks grew by 5 percent a year until 1995, when growth declined to only 2 percent, according to the National Automated Clearing House Association.
MACHA is part of the National Automated Clearing House Association (NACHA), America's largest Electronic Payments Network.
NACHA is a non-profit trade association which forms the cooperative foundation for the automated clearing house (ACH) payments system through a network of 40 ACH associations nationwide.
We're excited that Gavin agreed to help us inform the workforce about the advantages of Direct Deposit for payroll, pensions, annuities and dividends," said Elliott McEntee, president and CEO of the National Automated Clearing House Association.
Automated Clearing House payments IT spend is expected to show good growth from 2005 to 2009, particularly in Europe as the industry prepares itself for SEPA.
The National Automated Clearing House Association recently adopted new required data elements for non-U.
17 /PRNewswire/ -- Governor Gaston Caperton of West Virginia is one of two winners of the 1993 Payment Systems Excellence Award to recognize leaders who have improved the nation's payment system, officials at the National Automated Clearing House Association (NACHA) today announced.
ARC is the process of converting a consumer check that is dropped off at a drop box or sent to a lockbox to an electronic Automated Clearing House (ACH) debit.
payments systems, according to the National Automated Clearing House Association (NACHA).

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