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.
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The National Automated Clearing House Association recently adopted new required data elements for non-U.

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