Automated Clearing House

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Firms that aren't accepting credit card or automatic clearing house (ACH) payments are woefully behind the times.
Fulfilling this year's Sibos theme within the banking stream, "Building for the Future," ProgressSoft is introducing its national payments platform, which includes innovative solutions for Central Banks and Commercial Banks in the fields of Mobile Payments, Real-time Retail Payment Systems (RPS), Automatic Clearing House (ACH), Real-Time Gross Settlement (RTGS), Digital Currency, Electronic Check Clearing, and Automated Signature Management & Verification.
Extending the period of receiving low- value transfers from citizens to be sent through Automatic Clearing House (ACH- JO) inside the Kingdom until 2:30 p.m.
In 2006, Zadjali opted to implement an automatic clearing house system at the Central Bank to bulk-process electronic credit and debit transfers.
ACHeck21 is an intelligent ACH (Automatic Clearing House) and Check21 web-based remote capture solution.
For example, companies that have chosen the Automatic Clearing House (ACH) debit option on the enrollment form automatically will be enrolled in the ACH credit option; however, companies that enrolled in the ACH credit option must check with their financial institutions to make sure they can initiate ACH credits and are eligible to use the ACH system.
New York, NY, April 27, 2017 --(PR.com)-- A2iA (@A2iA), a trusted name in the worldwide data capture, document processing, and payment systems markets, today announced that it has extended its 15 year partnership with ACHeck21[R], an intelligent private financial cloud that combines ACH (Automatic Clearing House) entry classes and Check21 (Remote Deposit Capture), along with ancillary services and features into a single hosted work flow.
ACHeck21 is an intelligent private financial cloud that combines ACH (Automatic Clearing House) entry classes and Check21 (Remote Deposit Capture) along with ancillary services and features into a single hosted work flow.
While it does not violate Bar rules, The Florida Bar is cautioning lawyers that allowing automatic clearing houses (ACH) to draw filing fees and other costs directly from lawyers' trust accounts when they e-file court documents could prove problematic.

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