Automated Clearing House

Also found in: Dictionary, Medical, Acronyms, Encyclopedia, Wikipedia.
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 ?
The National Automated Clearing House Association recently adopted new required data elements for non-U.
Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill payment, a complete suite of payment cards and automated clearing house (ACH) processing.
EPN is the nation's only private-sector Automated Clearing House (ACH) operator, and processes 40 percent of all ACH payments in the United States.
BBS is an automated clearing house (ACH) that acts as a hub for the processing of electronic payment transactions for banks and corporations in Norway, handling approximately 3.
Direct Deposit utilizes the Automated Clearing House (ACH) by using PPD and CCD transactions to deposit expense re-imbursement funds directly into an employee's bank account.

Full browser ?